Virgin Hyperloop hosts first human ride on new transport system
SEATTLE: Richard Branson’s Virgin Hyperloop has completed the world’s first passenger ride on a super high-speed levitating pod system, the company said...
Over 600 Pakistani firms register with China, expanding trade presence
Registrations include 25 mango, 21 citrus, 103 rice, 175 seafood, 185 sesame seed, 106 cherry, 15 rapeseed meal, 10 fish meal, and seven defatted bone companies; commercial mission facilitates market access and e-commerce integration
On eve of bankruptcy, US firms shower execs with bonuses
Nearly a third of more than 40 large companies seeking US bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within...
PSM privatisation process to commence once again
It has been speculated that around 5 to 6 international firms have approached the federal government to reach an arrangement for the privatisation and revival of PSM.
Govt urged to reopen restaurants, marquees in Islamabad
ICCI president says marriage-related businesses are on the verge of collapse due to prolonged lockdown
SBP unveils plans for new currency notes with enhanced security features
The upcoming banknotes will showcase novel serial numbers, designs, and heightened security measures
JPMorgan cutting about 500 jobs this week
JPMorgan Chase & Co (JPM.N) is cutting about 500 employees this week across its various departments, according to a person familiar with the situation...
PACRA withdraws PEL’s Debt Instrument Ratings
PACRA has withdrawn Debt Instrument Ratings of Pak Elektron Limited (PEL) on September 13, 2018 with immediate effect.
Shell blames lower energy prices for profit squeeze
LONDON: Energy giant Royal Dutch Shell said Thursday its net profit was halved in the second quarter due to lower oil and gas...
Bahria Town employees end protest after negotiations
Protesters had blocked the Super Highway between Karachi and Hyderabad over non-payment of dues
KARACHI: The employees and contractors of Bahria Town, who...
SolDrive joins hands with Moawin to provide sustainable energy solution
SolDrive will help convert existing air-conditioners into inverter ACs, improving energy efficiency
FBR warns business community against under-invoicing, misdeclaration
The Federal Board of Revenue (FBR) has warned the business community against under-invoicing or misdeclaration of imported goods.
“Otherwise, the FBR will take...
Indus Motors set to be first automotive firm to export semi-processed parts to Egypt
IMC will join Toyota’s global supply chain with the Toyota Egypt deal
IGI Investments (Private) Limited acquires majority biopharmaceutical company
IGI Holdings Limited is a Packages group company and was incorporated in 1953
Beauty startup Conatural raises $825,000 in Pre-Series A round to scale click-and-mortar operations
LAHORE: Pakistan’s natural and organic skin and hair care brand, Conatural, has raised $825,000 in a Pre-Series A round from experienced institutional and...