Business

Pakistanis will have to embrace tax culture: Shabbar Zaidi

Web Desk - (Syed Ahad Hussain) ISLAMABAD: Federal Board of Revenue (FBR) chairman Shabbar Zaidi said on Friday Pakistanis will have to embrace the tax culture as steps are being taken to include the middle class in the tax system. Talking to media here at the federal capital, the FBR head vowed to generate tax from income instead of commodities...

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Rupee assembles sharp gets against dollar

KARACHI: The native currency overwhelmed the dollar on Thursday, forcing the buck to shed worth in each the inter-bank and open markets. The dollar was listed at Rs103.50 in each markets indicating that the rupee is gaining quicker than the market supposition that pushed investors to sell their holdings. The merchandising volumes dual in last 2 days within the open market. The financial organization reportable on Thursday that the country’s reserves accumulated to $8.7bn whereas the belongings of the banking company were $3.9bn. The minister of finance recently aforementioned the books would overreach $10bn by finish of this month. The forex coalition...

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Dollar extremity up in Asia subsequent Fed report

TOKYO- The dollar impenetrable in Asia on Thursday after a Federal Reserve report improved optimism over the US economy, stint investors await a European Central Bank (ECB) policy meeting. The dollar bought 102.72 yen, against 102.33 yen in New York Wednesday afternoon, confidently conjointly given support by easing troubles in country as Russian and Western leaders attempt to realize the unconventional of the crisis. The monetary unit...

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LNG terminal: Hefty payment as capacity charges sparks worries

The remittance of millions of dollars in capability charges to Engro, that has won a liquefied Natural Gas (LNG) terminal resource contract, has stimulated problems between economic decision-makers, United Nations agency lift West Pakistan State Oil (PSO) to hold out due assiduity before issuance letter of ease for gas import, origin say. Elengy Terminal West Pakistan restricted (ETPL), an entirely...

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Celebrations all across the UAE.

DUBAI: Fireworks erupted at the world's tallest building, Burj Khalifa, as news got out that Dubai has successfully won the battle against rivals Sao Paulo, Brazil, Ekaterinburg, Russia, and Izmir,Turkey for the Expo 2020, becoming the first ever city in the middle eastern region to host the event. A World Fair or a World Exposition (often spelled expo for short)...

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