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Gold purchase increases 8pc, reaches Rs47bn across country


KARACHI () – An increase is being witnessed in gold purchase across the country, as people have bought gold worth Rs47 billion in last three months. According to Pakistan Bureau of Statistics (PBS), an eight percent rise in obtaining gold was observed in the second quarter of the year. People …

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All out efforts to be made to achieve export target of $35bln: minister


LAHORE (APP) – Federal Minister for Commerce Muhammad Pervaiz Malik Saturday said with the active participation of the private sector and leading exporters, all out efforts will be made on priority to achieve the realistic exports target of $35 billions by 2018. The minister was talking to Vice President SAARC …

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Renault to sign joint venture deal in Iran: ministry source


TEHRAN (AFP) – French carmaker Renault will sign a long-awaited deal on Monday to build more than 150,000 cars a year in Iran, a source close to the country s industry ministry told AFP. Unlike its chief competitor PSA, which makes Peugeots and Citroens, Renault never fully quit Iran during …

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Petroleum ministry granted 46 exploration licences, 33 leases in four years


ISLAMABAD (APP) – Ministry of Petroleum and Natural Resources has granted 46 exploration licences and 33 leases to achieve self-sufficiency in oil and gas sector during the last four years. “Grant of exploration licences and leases witnessed an increase by 39.4 percent and 200 percent respectively as compared to corresponding …

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Tax filers to enjoy major discounts on vehicle transfer fee


LAHORE (Dunya News)- Federal Board of Revenue (FBR) is mulling to tight its grip on non-filers as revenue watchdog mulls to hike transfer fee of for those who haven’t filed tax returns yet. As per FBR, transfer fee would be waved off for those who have filed tax returns in …

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Discovery buys Scripps Networks for $14.6 bn


WASHINGTON (AFP) – Discovery Communications announced Monday it was buying television rival Scripps Networks Interactive for $14.6 billion, a deal that will give it Food Network, Travel Channel and other channels in global markets. The deal will unite the Discovery Channel, TLC, Animal Planet, Eurosport and others operated by Maryland-based …

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National Saving Scheme rates remain unchanged


KARACHI () – The Ministry of Finance has issued the notification where rate of profit on national savings scheme remained unchanged effective August 1, 2017. According to the notification the rates for the government-backed certificates remained unchanged. Regular Income Certificate to remain unchanged at 6.54 percent, special saving certificate at …

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European stock markets in positive gear


LONDON (AFP) – Europe s main stock markets rose on Monday, with London the best performer thanks to solid share-price gains for the resources sector. HSBC was also a big riser, gaining three percent at �7.65 ($10, 8.5 euros) in late morning trade after the British banking giant announced a …

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Disqualification of prime minister increases policy uncertainty: Moody’s


(Dunya News) – Credit rating agency Moody on Tuesday reported that Nawaz Sharif s disqualification by the Supreme Court in Panama Papers case poses risks to policy continuity. If heightened political uncertainty and strife among the various branches of government disrupt the administration s economic and fiscal agenda, macroeconomic stability …

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Gold price decreases in international, local markets


KARACHI (Dunya News)- Gold price witnessed a sharp decline of $2 per ounce in international market and settled at $1268. Following footprints of international market, gold price witnessed decline of Rs300 per tola and settled at Rs51, 000 in local markets of Lahore, Faisalabad and Karachi. Likewise price of 10gram …

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