Business News

New improved EU customs union rules take effect

  • BRUSSELS, May 1, (APP/AFP) – New European Union customs rules designed to simplify life for business while ramping up consumer protection took effect Sunday, the European Commission said. The new rules overhaul legislation from 1992 for a customs union that sees upwards of 3 trillion euros ($3.4 trillion) worth of goods flow in and out […]

  • Tokyo shares lower in early deals on stronger yen

    TOKYO, March 8 (APP/AFP): Tokyo stocks fell in early trade on Tuesday as a stronger yen weighed on exporters, and investors shrugged off data that showed Japan’s economy contracted less than initially thought in the last quarter of 2015. Shortly before the opening bell, revised figures showed the world’s number-three economy shrank 0.3 percent in […]

  • Kerb currency market

    KARACHI, (APP): Following were the Opening and Closing Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Saturday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) —- —– U.S $ (Cash Free Market) 105.00 105.20 SAUDIA RIYAL 27.90 28.10 UAE DIRHAM 28.55 28.75 EURO 119.75 120.75 […]

  • Market rates of bullion in Multan

    MULTAN (APP): Following bullion rates were received from markets here on Saturday 30, 2016. BULLION (PER 10 GRAM) ===================== GOLD TEZABI-24 CT—- 40890.00 GOLD 22 CT————-37380.00 SILVER TEZABI————574.00 SILVER THOBI————-525.00

  • Dar urges FBR to provide maximum facilitation to tax payers

    ISLAMABAD, Apr 29 (APP): Minister for Finance and Revenues Muhammad Ishaq Dar on Friday called upon the Federal Board of Revenue (FBR) that it should provide maximum facilitation to the tax payers. The Federal Minister for Finance Senator Mohammad Ishaq Dar stated this while chairing a meeting here at the Finance Division which reviewed budget […]

  • Russian central bank keeps rate unchanged, hints at future cut

    MOSCOW, (APP/AFP) – Russia’s central bank on Friday kept its key rate unchanged at 11 percent as inflation risks remain high but said it may cut it in the future as inflation declines. “Inflation risks remain elevated,” the Bank of Russia said in a statement, adding its board of directors however saw “the positive processes […]