SBP directs banks to obtain 100pc cash margins on commodity imports
KARACHI: The State Bank of Pakistan (SBP) on Monday directed all banks to obtain 100 per cent cash margins on the import...
Byco commissions country’s largest isomerisation plant
KARACHI: Byco's wholly owned subsidiary, Byco Isomerisation Pakistan (Private) Limited has commissioned the country's largest isomerisation plant.
Byco has employed a superior technology...
Independent directors’ databank gets operational
ISLAMABAD: The databank of independent directors maintained by the Pakistan Institute of Corporate Governance (PICG) has become operational.
Independent directors are generally seen...
Shaheen Air to continue operations as court stops CAA from suspending its services
KARACHI: The Sindh High Court (SHC) Monday directed the Civil Aviation Authority (CAA) not to suspend operations of Shaheen Airline International (SAI) from today...
Yutong Grand Saloon buses introduced in Pakistan
KARACHI: Master Motors Corp Ltd. (MMCL) in collaboration with Yutong, the largest manufacturer of buses in the world, has launched new 8.5m...
IMF warns of rising risks to global growth amid trade tensions
WASHINGTON: The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks...
Pakistan’s 1st waste-based energy project gets generation license
ISLAMABAD: In line with its efforts to promote renewable and indigenous resources for power generation, the National Electric Power Regulatory Authority (NEPRA)...
Rupee second worst performing currency in the world
KARACHI: The Dollar today gained about 6.45 rupees in the interbank market as the interim government let the rupee slide deeper into...
FBR disappointed over dull response from amnesty scheme
LAHORE: The Federal Board of Revenue (FBR) Chairperson Rukhsana Yasmin on Monday said that the response to the amnesty scheme announced at...
Market Daily: KSE 100 falls 605 points falling below 40k mark
LAHORE: In the aftermath of central bank increasing its policy rate ahead of a tense national vote to 7.5 per cent from...
FBR briefs Sialkot business community on tax amnesty
SIALKOT: The Federal Board of Revenue (FBR) Member Facilitation and Taxpayer Education (FATE) Lubna Farrukh Mirza visited Sialkot to hold a meeting...
Malaysia keen to partner in different sectors with Pakistan:Â Consul general
KARACHI: Malaysia sees the China-Pakistan Economic Corridor as a big opportunity for the South Asian region, especially for Pakistan.
"We can partner with Pakistan in potential...
PKR–US$ exchange rate adjusts in the interbank market
KARACHI: The Rupee-Dollar exchange rate in the interbank market closed at Rs128.0 per US dollar against the closing level of Rs121.55 per...
Hutchison Ports licenses first female trainees to operate remote-controlled quay cranes
KARACHI: Hutchison Ports Pakistan, the country’s first and only deep-water container terminal, has passed another milestone by licencing the country’s first female...
EU says China could open its economy if it wishes
Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid the escalating trade war by approving huge investments, such as a $10 billion petrochemicals project by Germany’s BASF