LG and Magna announce billion dollar joint venture in electric car gear
The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to...
Mercedes aims to be among top two players to scale autonomous tech: paper
FRANKFURT: Mercedes-Benz’s is not aiming to be the first manufacturer to develop a self-driving car but it wants to be among the...
KSE-100 closes flat amid volatile trading
KARACHI: Amidst volatile trading and thin market participation, the Pakistan Stock Exchange (PSX) closed Wednesday’s session flat. Foreign investors closed the previous...
WB lists Pakistan among ‘Top 20 Improvers in Doing Business 2020’
The World Bank has listed Pakistan in the list of 'Top-20 improvers in Doing Business 2020'.
"Pakistan has emerged among top 20 reformers...
PTCL licence expired on December 31 last year
LAHORE: The Pakistan Telecommunication Company Limited (PTCL) licence has expired on December 31, 2020, it was learnt on Friday.
The PTCL has started...
Asian markets fall after Trump announces Mexico tariffs
HONG KONG:Â Asian stocks edged down on Friday, despite modest gains on Wall Street overnight, as US President Donald Trump's sudden announcement of...
FPCCI sees Qatari emir’s visit as good omen for Pakistan’s economy
The recent visit of Qatari Emir Sheikh Tamim bin Hamad Al Thani will go a long way in the promotion of bilateral...
Auto manufacturers await EV Policy to get industrial boost
ISLAMABAD: Local car manufacturers are anxiously waiting for Electric Vehicle policy, drafted by the present government to encourage the production of battery-run...
Richard Branson’s Virgin Orbit files for bankruptcy, to seek buyer
Richard Branson's Virgin Orbit Holdings (VORB.O)Â filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term...
Uber to unveil next-generation Volvo self-driving car
The new production XC90 will have factory-installed steering and braking systems designed for computer rather than human control
WASHINGTON: Uber Technologies Inc...
Hafeez Shaikh urges US investors to explore Pakistani market
Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh on Friday urged the United States (US) businessmen...
Gulf conflict would see oil prices spike, ease, jump again: research
LONDON: Oil would initially jump by $15-20 a barrel if Iran blocked the Strait of Hormuz, but prices would ease immediately once...
Oil prices dip on U.S. rate hike expectations, weak China PMI
Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates, which could slow growth...
Footwear exports surge 13pc in 11 months
ISLAMABAD: The footwear exports from the country witnessed an increase of 13.02 per cent during the first eleven months of the fiscal...
KCCI rejects hike in power tariff, demands immediate withdrawal
KARACHI:Â Karachi Chamber of Commerce & Industry (KCCI) President Agha Shahab Ahmed Khan has said that the announcement of up to Rs2.80 per...