Aug 23(ABC): Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude futures advanced 93 cents, or 1%, to $97.41 a barrel by 0328 GMT, after a choppy session on Monday when they dropped by more …

ISLAMABAD, Aug 23(ABC): The incumbent government on Monday imposed new taxes of more than Rs70 billion through a mini-budget. According to the Presidential Ordinance, a sales tax of up to 7.5 per cent has been imposed on the electricity bills of traders, and 5pc sales tax will be imposed on the electricity bills of traders less than 20 thousand, and …

ISLAMABAD, Aug 23(ABC): The price of 24 karat per tola gold witnessed an increase of Rs3550 per tola and was sold at Rs146,150 on Tuesday against its sale at Rs142,600 the previous day in the local market. The price of 10 gram 24 karat fold also increased by Rs3044 and was sold at Rs125,300 against its sale at Rs122,256 whereas …

ISLAMABAD, Aug 22 (ABC): The tea imports witnessed an increase of 10.20 percent during the first month of the current fiscal year as compared to the corresponding month of last year.The tea imports during July 2022) were recorded at $45.321 million against the imports of $41.127 million during July 2021), according to data of Pakistan Bureau of Statistics (PBS). In …

KUALA LUMPUR, Aug 20(ABC): Malaysia’s vehicle sales slipped 23.03 percent to 48,922 units in July from 63,563 units in June, the Malaysian Automotive Association (MAA) said. MAA said in a statement the fall was due to exceptionally high total industry volume (TIV) in June because of the fulfillment of bookings by car companies, for many of the bookings were received …

ISLAMABAD, Aug 20(ABC): The price of 24 karat per tola gold witnessed an increase of Rs 200 per tola and was sold at Rs142,600 on Saturday against its sale at Rs 142,400, the previous day in the local market. The price of 10 gram 24 karat fold also increased by Rs.171 and was sold at Rs.122,256 against its sale at …

ISLAMABAD, Aug 20(ABC): Governor Punjab Baligh Ur Rehman Saturday said that engineering industry played a key role in economic growth and development besides significantly improving the life of people. Talking to a delegation of industrialists led by Coordinator to Federal Tax Ombudsman Meher Kashif Younis in Lahore, the governor said that the industry had important link between country’s engineering capacity …

ISLAMABAD, Aug 19 (ABC): Pakistan and Kyrgyzstan on Friday agreed to enhance the economic and trade cooperation and increase the regional connectivity to provide regional economic and trade integration with Central Asian States. Deputy Minister of Foreign Affairs of Kyrgyzstan, Aibek Artykbaev on Friday called on Federal Minister for Commerce and Investment, Syed Naveed Qamar, said a press release issued …

ISLAMABAD, Aug 19 (ABC): Acting High Commissioner of Malaysia Deddy Faisal Ahmad Salleh has said the Malaysian High Commission is planning to offer courses in multiple sectors for Pakistan including agriculture, economy, education, environment, industrial technical training, diplomacy, technology and trade. He made these remarks while addressing the reception hosted for the Alumni of Malaysia Technical Cooperation Programme (MTCP) which …

ISLAMABAD, Aug 19 (ABC): The Economic Coordination Committee (ECC) of the Cabinet at Finance Division here on Friday approved the proposal to exclude new Liquefied Natural Gas (LNG) terminals and associated facilities from application of Third Party Access (TPA) and allowed amendment in article 6.2(a) of LNG policy, 2011. According to press statement issued by finance ministry, Federal Minister for …