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  • Engro Corp wins UNGC Award

    January 9, 2019 12:00 AM 12

    KARACHI: Engro Corporation Limited was awarded the first prize for “Living the UN Global Compact Business Sustainability Award 2018”, in Large National Category, a statement said on Tuesday. The award was presented at the Business Sustainability Moot and Living the Global Compact Best Practices Sustainability Award ceremony held on January 7, it added

  • ‘Certain trade issues still unresolved’

    January 8, 2019 12:00 AM 10

    LAHORE: Sri Lanka and Pakistan have signed free trade agreement (FTA), but certain issues are pending resolution, a diplomat said on Monday. Sri Lankan High Commissioner Noordeen Mohamed Shaheid expressed the hope that the amended agreement would be beneficial for the two countries. Speaking at the LCCI, he said there is a vast scope for the expansion

  • German job boom extends run

    January 6, 2019 12:00 AM 14

    Frankfurt: Unemployment in Germany ended 2018 steady at a historic low, official data showed on Friday, with firms still keen to take on new workers even as growth slows. Some five percent of people were out of work last month in Europe´s largest economy, the Federal Labour Agency (BA) said in figures adjusted for seasonal effects, the same level as in November

  • Remuneration for withholding agents mulled

    January 6, 2019 12:00 AM 12

    KARACHI: Government is mulling a remuneration system for withholding tax agents to encourage them to increase collection, as it faces a daunting challenge to achieve the revenue target of Rs4.435 trillion for the current fiscal year of 2018/19, sources said on Saturday. The sources in the finance ministry said the present government realises the ground

  • Honda Atlas unveils new sports bike

    January 5, 2019 12:00 AM 19

    KARACHI: Atlas Honda Limited has launched the all-new Honda CB125F, which is the third variant in sporty CB series after Honda CB150F and Honda CB250F, a statement said on Friday. “The new bike, launched during the performance awards ceremony for its high performing dealerships, was received warmly by the attendees,” the company statement said. The new two-wheeler

  • Govt likely to get $4.7blnin oil, LNG credit facilities

    January 5, 2019 12:00 AM 12

    ISLAMABAD: Pakistan is likely to grab $4.7 billion in credit facilities for oil and liquefied natural gas (LNG) imports from the United Arab Emirates (UAE) and a financial institution with a gulf nation’s deal expected to be concluded during an Emirati prince visit to the country on Sunday (tomorrow), senior officials said on Friday. The officials said Abu Dhabi’s

  • Drop beef and save millions of lives, slash emissions

    January 4, 2019 12:00 AM 10

    Geneva: Switching from beef to alternative proteins could save millions of lives and dramatically slash greenhouse gas emissions, the World Economic Forum said on Thursday. New research conducted by the Oxford Martin School for WEF showed that efforts to replace meat and especially beef could provide huge benefits for human health and the environment

  • Cotton arrivals drop 8 percent

    January 4, 2019 12:00 AM 9

    MULTAN: Over 10 million bales of seed cotton (phutti) have reached ginneries across the country till January 1, registering a shortfall by 7.52 percent compared to corresponding period of the last year. A report of Pakistan Cotton Ginners Association on Thursday said about 6.1 million bales reached ginning factories in Punjab, which were 6.8 millions

  • FBR estimates Rs24 billion in revenue from POL products

    January 4, 2019 12:00 AM 13

    KARACHI: The Federal Board of Revenue (FBR) has estimated Rs24 billion in additional revenue from petroleum products during the second half of the current fiscal year of 2018/19 as a result of upward revision in sales tax rates. Sources in FBR on Thursday said tax authorities estimated around four billion rupees a month in additional revenue with the increase

  • EETL completes 200 STS transfers

    January 3, 2019 12:00 AM 11

    KARACHI: Engro Elengy Terminal Ltd (EETL) in nearly four years of its safe operation has pumped more than 200 billion cubic feet (BCF) of natural gas in the national grid in 2018, reducing Pakistan`s gas shortage by 30 percent, a statement iassued by the company said on Wednesday. EETL has achieved this milestone, while remaining available well above