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1-10 results from 1000 for query «percent»

March 17, 2018 12:00 AM PIA’s hasty flight into privatisation

ISLAMABAD: A ‘push from the top’ and ‘hurry to sell Pakistan International Airlines (PIA) before 31st May’, the last day in government for the current PML-N set-up, has led to a feverish activity within the Privatisation Commission to the bafflement of official machinery, much of which remains not on board. The News has learnt that Federal Minister Danyal

March 17, 2018 12:00 AM Rabada Test ban appeal to be heard on Monday

CAPE TOWN: Kagiso Rabada’s appeal against his two match Test ban will be heard on Monday, the International Cricket Council (ICC) announced on Friday. A senior New Zealand lawyer, Michael Heron QC, has been appointed the Judicial Commissioner and will conduct the hearing by teleconference.Heron will have 48 hours to reach a decision — which means Rabada’s

March 16, 2018 12:00 AM FPCCI demands 10pc cut in sales tax

FPCCI said the standard sales tax of seven percent should be non-adjustable and non-refundable and it should be collected at the single stage of import and/or at manufacturing, except high tax earning sectors for the government, including petroleum products, energy, telecom, tobacco and liquor. In the value-added chain industry, the sales tax may be collected 2

March 16, 2018 12:00 AM Loss-making public sector enterprises incur Rs1.2 trillion in losses

ISLAMABAD: Loss-making public sector enterprises (PSEs) have so far raked in more than Rs1.2 trillion in losses, equivalent to four percent of GDP, IMF said on Thursday, underscoring an ‘urgency’ for their restructuring to ease burden on budgetary resources. “Privatisation and restructuring of key loss-making PSEs have been largely on hold,” International 2

March 16, 2018 12:00 AM Alexion’s rare blood disorder drug ‘succeeds’

WASHINGTON: Alexion Pharmaceuticals Inc said on Thursday its experimental drug to treat patients with a rare blood disorder met the main goal in a late-stage study, sending its shares up 18 percent in premarket trading. The drug, ALXN1210, was being tested against the company’s flagship drug, Soliris, in patients with Paroxysmal Nocturnal Hemoglobinuria 2

March 15, 2018 12:00 AM CMEC to acquire Thal Nova’s stakes

KARACHI: Dubai-based CMEC Thal Nova Power Investments Limited, a subsidiary of China Machinery Engineering Corporation (CMEC), will acquire 10 percent stake in Thal Nova Power Thar (Pvt) Ltd, which is developing 330MW coal-fired power plant on Thar, a statement said on Wednesday. The subscription will be subject to all the regulatory approvals. “CMEC ThalNova 5

March 15, 2018 12:00 AM India needs 8 percent growth for 30 years to join middle-income group

NEW DELHI: India´s economy needs to grow 8 percent and higher a year for the next three decades to join the ranks of middle-income countries, which would require major reforms in the land, labour and financial sectors, the World Bank said on Wednesday. If that did happen, it would raise the income of at least 50 percent of India´s 1.3 billion people 8

March 15, 2018 12:00 AM Turkish tariffs weigh down Pakistan’s exports

KARACHI: Increase in duties on Pakistan’s exports by Turkish authorities drastically reduced the country’s outbound shipments to Turkey, a senior industry official said on Wednesday, stressing need for free trade agreement (FTA) between the two countries to improve bilateral trade. Vice President Mazhar Ali Nasir of Federation of Pakistan Chambers of Commerce 6

March 15, 2018 12:00 AM Bank deposits up 11.63pc to Rs11.880 trillion in February

KARACHI: Deposits with banks grew 11.63 percent to Rs11.880 trillion at the end of February 2018 in a sign that the sector is enjoying the benefits of economic expansion, according to the figures released by the State bank of Pakistan on Wednesday. Analysts said banks have succeeded in attracting a decent inflow of deposits because of improving economic 7

March 14, 2018 12:00 AM Sterling climbs after Hammond speech

LONDON: Sterling rose to a two-week high on Tuesday as the dollar sold off after data showed U.S. consumer price inflation in February cooled and President Donald Trump said he had fired U.S. Secretary of State Rex Tillerson. As the dollar began its sell-off, British Finance Minister Philip Hammond gave his half-yearly economic update on the economy 5