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1-10 results from 1000 for query «output»

July 20, 2018 12:00 AM FBR launches tax evasion probe against stationery industry

KARACHI: Tax authorities have launched a tax evasion probe against the stationery businesses manufacturing books and pencils by scrutinising their returns after the government restored zero-rating facility for multibillion rupees industry from July 1, officials said on Thursday. The officials said strong lobby of stationery industry convinced the government 15

July 19, 2018 12:00 AM LSM growth clocks in at 2.76 percent in May

KARACHI: Large scale manufacturing (LSM) grew 2.76 percent in May as compared to the corresponding month a year earlier as retail sector thrived on growing consumer demand, while construction boom kept fuelling steel production, official data showed on Wednesday. Pakistan Bureau of Statistics (PBS) data showed that food, beverages and tobacco production 3

July 18, 2018 12:00 AM Iraqi police use batons to disperse protesters outside Zubair oilfield

BASRA: Iraqi police wielded batons and rubber hoses to disperse about 250 protesters gathered at the main entrance to the Zubair oilfield near Basra on Tuesday as unrest across southern cities over poor basic services gathered pace. Since demonstrations began nine days ago, protesters have attacked government buildings, branches of political parties 4

July 17, 2018 12:00 AM BIPL commissions isomerisation plant

KARACHI: Byco Petroleum Pakistan has notified the bourse that its subsidiary Byco Isomerisation Pakistan Private Limited (BIPL) has commissioned the country’s largest isomerisation plant, taking its total premium motor gasoline production capacity to 1.25 million tons/annum. “Byco has employed a superior technology with exceptionally higher capacity 1

July 8, 2018 12:00 AM Iranian oil minister calls Trump’s order to OPEC insulting

LONDON: Iran´s oil minister on Saturday accused U.S. President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure. Trump on Wednesday accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher, and urged 3

July 6, 2018 12:00 AM FBR imposes 2pc duty on cotton imports

KARACHI: The Federal Board of Revenue (FBR) on Thursday imposed two percent customs duty on imports of cotton and yarn to encourage use of the local crop and save foreign exchange reserves. The FBR, in a statement, said the additional customs duty of two percent will be effective from July 15. The FBR imposed the duty on all the imports, except various 3

July 1, 2018 12:00 AM Trump says Saudi agreed to raise oil output by 2 million barrels

WASHINGTON/RIYADH: US President Donald Trump said in a tweet on Saturday that Saudi Arabia´s King Salman had agreed to his request to increase oil production "maybe up to 2,000,000 barrels" to offset a decline in supplies from Iran and Venezuela. Trump tweeted: "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil 5

June 29, 2018 12:00 AM Iran says Saudi plan to boost oil output ridicules OPEC

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 3

June 25, 2018 12:00 AM S Arabia overturns ban on women driving

Saudi women celebrated taking the wheel for the first time in decades on Sunday as the kingdom overturned the world’s only ban on female motorists, a historic reform expected to usher in a new era of social mobility. The much-trumpeted move is part of Crown Prince Mohammed bin Salman’s plan to modernise the conservative petrostate -- but it has been dented 7

June 9, 2018 12:00 AM Tehran’s request for discussion of sanctions likely to be rejected: Iran slams US for seeking Saudi oil output hike, says OPEC won’t comply

LONDON/DUBAI: Iran said on Friday a U.S. request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was "crazy and astonishing" and said OPEC would not heed the appeal, setting the stage for a tough OPEC meeting this month. Iran, Saudi Arabia´s arch-rival, has a history of raising challenges in OPEC meetings. In 2015, Tehran 5