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  • Iran says Saudi plan to boost oil output ridicules OPEC

    June 29, 2018 12:00 AM 3

    LONDON: Iran criticised Saudi Arabia´s plan to raise oil output and pressure from the United States on Riyadh do so, saying this was in breach of OPEC´s decision last week and belittled the producer group. OPEC and a group of non-OPEC countries agreed on Saturday that they would return to 100 percent compliance with previously agreed oil output cuts, after

  • Amnesty beneficiaries to file returns for declared assets for tax year 2018

    June 29, 2018 12:00 AM 1

    KARACHI: Taxpayers availing tax amnesty scheme are required to separately file income and wealth statements for undisclosed foreign and domestic assets for the tax year 2018, officials said on Thursday. Tax officials said the returns filed under amnesty are only to declare concealed assets of the past years. “This will not be treated as annual return

  • ‘PSO leading fuel brand across Pakistan’

    June 28, 2018 12:00 AM 2

    KARACHI: Pakistan State Oil, the nation’s largest and most trusted oil marketing company, has won two of PakWheels’ latest People’s Choice Awards in both car and bike categories. The awards are based on PakWheels Automobile Industry Survey Report 2017 for which the automobile website collaborated with the LUMS Centre of Research, a statement said on Wednesday

  • Wackenhut CEO, COO appointed

    June 28, 2018 12:00 AM 2

    KARACHI: Pathfinder Group, one of the country’s largest integrated security services provider, on Wednesday announced the appointments of two top officials at one of its key companies. A statement said Maj Gen (Retd) Shakeel Hussain and Bilal Bin Shahid Niazi had been appointed as chief executive officer and chief operating officer of Wackenhut Pakistan

  • IDEAS 2018 scheduled from Nov 27

    June 28, 2018 12:00 AM 2

    KARACHI: The 10th edition of IDEAS 2018 is scheduled from November 27-30, 2018 at the Karachi Expo Centre, a statement said on Wednesday. International Defence Exhibition and Seminar (IDEAS) is a mega national event; biennially organised by the Defence Export Promotion Organization (DEPO) in Pakistan, it added. To provide impetus to the ongoing national

  • PACRA maintains Entity & TFC-II Rating of Soneri Bank Limited

    June 27, 2018 12:00 AM 1

    The Pakistan Credit Rating Agency Limited (“PACRA”) has maintained the Banks’ long-term rating of “AA-“(double A minus) and a short-term rating of “A1+” (single A one plus). The PACRA also maintained the rating of unsecured, sub-ordinated and listed Term Finance Certificates (2nd issue) of PKR 3,000 million at A+ (single A plus). The above rating is a function

  • PITB says Punjab most digitised

    June 27, 2018 12:00 AM 1

    LAHORE: Punjab Information Technology Board (PITB) has designed and developed more than 180 official websites of different government departments, making the province the most digitalised region of the country, an official said on Tuesday. “Realizing the importance of growing benefits of digital merits, websites are imperative to create awareness and disseminate

  • Pakistan likely to avoid being placed on FATF’s blacklist

    June 26, 2018 12:00 AM 1

    KARACHI: Pakistan is unlikely to be placed on the blacklist of the global financial watchdog as the country has made enough progress to meet international anti-money laundering and terror financing standards, a brokerage said on Monday. “Since a comprehensive action plan has already been submitted, we believe that chances of Pakistan to be placed on the blacklist

  • SCCI team off to Brazil

    June 26, 2018 12:00 AM 1

    SIALKOT: A 11-member business delegation of Sialkot Chamber of Commerce and Industry (SCCI) headed by Khawaja Wajid Ali left for Brazil on Monday. The leader of business delegation said the visit will pave the way for enhancing bilateral trade between the two countries. Talking to reporters before leaving for Brazil, Ali said that delegation will hold series

  • Haleeb invests Rs500mln in milk plants

    June 26, 2018 12:00 AM 1

    KARACHI: Haleeb Foods has announced re-launch of Haleeb Milk and other products, and also invested Rs500 million in two milk plants. Habeeb Foods CEO Memosh Khawaja said the investment would be spent on marketing of the old and popular brand of the country. The company has established a plant in Rahim Yar Khan and another in the outskirts of Lahore