-
Pakistan expects rice order from Indonesia
Pakistan expects Indonesia to place orders for its rice in coming days, said Irfan Ahmed Sheikh, the outgoing chairman of the Rice Exporters Association of Pakistan (REAP), as the Southeast Asian country seeks alternative sources of the grain. “There will be a potential for Pakistan in coming days. We are expecting orders from Indonesia,” Sheikh…
-
Asian stocks edge up, euro stalls as caution prevails
Asian stocks edged higher and a rally in the euro stalled on Wednesday, as investors looked for more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets. Oil and metals fell and the dollar rose as a rebound in riskier assets ran out of steam…
-
Only ECB has power to ‘scare’ global stock markets, warns IMF
The International Monetary Fund has warned that the immense firepower of the European Central Bank (ECB) would be needed to “scare” the financial markets and prevent an intensification of the turmoil threatening to send the global economy back into recession. With investors poised to give their verdict on the weekend talks in Washington of finance ministers and…
-
Top Pakistani businessmen attend conclave in Nepal
ISLAMABAD: A delegation, comprising about 80 top businessmen has been attending the 4th SAARC Business Leaders Conclave (SBLC) in Nepal. The event started on September 20 and would conclude on Thursday September 22, said a statement received here. The Conclave is aimed at promoting trade and business activities among the member countries as well as to…
-
FBR extends date for filing of Tax Returns
ISLAMABAD: Federal Board of Revenue (FBR) has extended the dates for filing of Sales Tax and Federal Excise Returns for the months of July and August, till September 26. According to an official announcement issued here on Tuesday, the Inland Revenue Wing of the FBR has communicated to all Chief Commissioners of LTUs and RTOs,…