Asian markets fell across the board Tuesday as surging virus infections force governments to impose tighter containment measures, trumping the rollout of vaccines in the US and Britain, while the pound held gains on hopes for a post-Brexit trade deal. The downbeat mood also comes despite some optimism that US lawmakers are inching towards finally مزید پڑھیں

The buying rate of the US dollar was Rs159.7 while its selling rate was Rs160.5 on Tuesday, December 15 at the opening of Pakistan’s currency market. Meanwhile, the following were the rates of the US Dollar, Saudi Riyal, UK Pound, the UAE’s Dirham, and other foreign currencies in the open market today. The information has مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) approved on Monday an increase of Rs1.11 per unit in power tariff on account of variations in fuel charges for the month of September 2020, putting a cumulative burden of Rs12 billion on consumers. The power regulator said that the authority, after incorporating the adjustments, has reviewed and مزید پڑھیں

Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood held a consultative meeting with growers, farmers and exporters of mangoes in Islamabad on Sunday. In a Twitter post, he tweeted that the consultative session was fruitful. “We discussed problems facing the exports of mango and discussed the way forward. We agreed to مزید پڑھیں

Iranian automakers will produce more than 1.3 million cars next year, marking a 50 percent jump in production in the face of US sanctions, a deputy industry minister says. Iran Khodro (IKCO) and Saipa are the two largest local manufacturers, which have picked up the slack since France’s Peugeot and Renault exited Iran along with مزید پڑھیں

China’s vehicle sales are likely to hit 25 million units this year, an industry body said on Friday, as the world’s biggest vehicle market continued to lead the global auto industry recovery from lows hit during the COVID-19 pandemic. Fu Bingfeng, executive vice chairman of the China Association of Automobile Manufacturers (CAAM), told an annual مزید پڑھیں

The legal mobile phone imports increased by more than 90 per cent since the implementation of Device Identification Registration and Blocking System (Dirbs) in 2018. The Pakistan Telecom­munication Authority (PTA) announced that the import of mobile devices via legal channels increased to 28.02 million sets in 2019 from 17.2m in 2018, while thus far in مزید پڑھیں

British airline Virgin Atlantic has been sanctioned on Wednesday to fly from Manchester to Islamabad four times a week by Civil Aviation Authority (CAA) of Pakistan. A notification announcing the development has been issued to this effect earlier today bearing the signatures of Director Transport of CAA. It will be using the latest Airbus, A-332, مزید پڑھیں

Congestion issues continue to plague Karachi’s main port with the continuing arrival of vessels carrying wheat and sugar that have been given priority berthing. Executives from fertiliser and oil seeds sectors say their imports are stuck and cement manufacturers say their exports of clinker have been held up while port capacity is consumed with the مزید پڑھیں

The Karachi Chamber of Commerce and Industry (KCCI) on Tuesday requested Prime Minister Imran Khan to direct the Federal Board of Revenue (FBR) to extend the date of filing income tax returns till January 30, 2021. The president of the chamber, in a letter, informed PM Imran that there were “mistakes” in the forms issued مزید پڑھیں