Amazon buys 11 aircraft to make deliveries faster
Amazon.com Inc said on Tuesday it bought 11 Boeing 767-300 aircraft, as it looks to boost its delivery capabilities to cater to...
Lahore, Karachi chambers join hands for trade promotion
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) and Karachi Chamber of Commerce & Industry (KCCI) have decided to make joint efforts...
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...
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...
PSX honours three Pakistani companies for inclusion in Forbes ‘Asia’s Best Under A Billion’ list
ISLAMABAD: The Pakistan Stock Exchange (PSX) held a gong ceremony on Monday to honour the achievements of three listed companies based in...
Shell to write down assets again, taking cuts to more than $22bn
LONDON: Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to...
FPCCI hails waiver of Form-E for small exporters
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday welcomed the central bank's decision to remove the condition...
Hotel management startup Roomy raises $1 million in Pre-Series A round led by Lakson VC
LAHORE:Â Islamabad-based Roomy Hotels (Private) Limited (Roomy.pk) has closed a $1 million Pre-Series A round led by Lakson Venture Capital (Lakson VC).
The announcement...
Working capital normalisation, loan deferral to improve MLCF’s liquidity
LAHORE: Normalisation of working capital and deferral of loans will help improve liquidity of Maple Leaf Cement Factory Limited (MLCF), analysts say.Â
Shahrukh...
Amazon launches online pharmacy in new contest with drug retail
Amazon.com Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such...
Huawei selling Honor phone brand in face of US sanctions
BEIJING: Chinese tech giant Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from damaging...
Turkey’s ADO Group to invest in Pakistan’s real estate, construction industry
LAHORE: Turkish business giant ADO Group will invest in Pakistan’s construction and real estate industry, said Shafiq Akbar, Chairman of the Imarat...
Bonanza Satrangi migrates eCommerce from Magento to Shopify
The eastern apparel challenger brand made the transition to acquire better technical support, remove downtime, and launch two interactive shopping experiences.
FCCL expects double-digit growth in cement despatches this year
LAHORE:Â The management of Fauji Cement Company Limited (FCCL) is expecting a double-digit growth in cement despatches for the financial year 2019-20 (FY21),...
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...