HONG KONG — China will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), officials said Thursday in Beijing’s latest moves to reverse a slump in the property industry. Minister of Housing and Urban-Rural Development Ni Hong said during a news conference Thursday in Beijing
LAHORE – The Federal Board of Revenue (FBR) on Sunday announced that the last date for filing income tax returns for the financial year 2023-24 is October 14 (Monday). In a statement issued here, the FBR said that it had already extended the date for filling of returns. The decision to extend the date for
ROME (Reuters) – German trade union Verdi would oppose a cross-border merger for Commerzbank even if the bidder was not an Italian bank like UniCredit, an official said on Saturday. Berlin was taken aback by UniCredit’s swoop to build a large stake in state-backed Commerzbank, a move the Italian bank says could lead to a merger.
ISLAMABAD (APP) – The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.08 percent for the combined consumption groups during the week ended on October 10, the Pakistan Bureau of Statistics (PBS) reported on Friday. The SPI for the week under review in the above-mentioned group was recorded at 318.91
NAGOYA, Japan – A shift to an electric vehicle-only future would lead to job losses among those who have been working on engine-related technologies, including at the many suppliers in the sector, Toyota Motor’s chairman said on Thursday. “There are 5.5 million people involved in the automotive industry in Japan. Among them are those who have
SINGAPORE – Oil prices dropped on Thursday, reversing earlier gains, as news of top exporter Saudi Arabia giving up its crude oil price target in preparation for expanded production weighed on the market. Brent crude futures were down 55 cents, or 0.75%, to $72.91 a barrel, while US West Texas Intermediate crude fell 55 cents,
LAHORE (Web Desk) – The International Monetary Fund (IMF) on Wednesday approved the much-awaited $7 billion Extended Fund Facility (EFF) for Pakistan. The decision was made during an Executive Board meeting chaired by IMF Managing Director Kristalina Georgieva in Washington, with Pakistan’s agenda at the forefront. According to sources, Pakistan is expected to receive the first
Deputy Prime Minister and Foreign Minister Ishaq Dar on Saturday said “much progress” has been made to resume Pakistan International Airlines’ (PIA) flights to and from the United Kingdom, where he is on an official visit this week. In 2020, the revelation of pilots holding “dubious” licences prompted the United Kingdom Civil Aviation Authority to
A disruption in the connectivity of various banks with 1LINK — the consortium that operate the largest representative of interbank network in Pakistan — caused immense difficulties for the customers on Monday to withdraw cash from the automated teller machines (ATMs). The disruption resulted in a blockade targeting the cash withdrawal from the ATMs affecting
The government on Saturday announced massive hike in Liquefied Petroleum Gas (LPG) prices for September 2024, impacting households across the country. According to the notification, the price of LPG has been increased by Rs 6.99 per kilogram, leading to an increase of Rs 82.54 for a standard domestic cylinder. The new pricing structure sets the