PM assures provision of electricity in Karachi as tussle between SSGC, K-Electric ends
KARACHI: Prime Minister Shahid Khaqan Abbasi on Monday assured of the provision of electricity in Karachi, as the tussle between Sui Southern Gas Company (SSGC) and...
Careem hacked, millions targeted in major cyber attack
In a major development, Careem, the popular ride-hailing service operating in the Middle East, North Africa, Turkey, and Pakistan, through a security...
Market Daily: Earnings season fails to impress investors
LAHORE: The Pakistan Stock Exchange (PSX) opened the week with weak sentiments ahead of the soon to be announced Federal Budget 2019....
SBP expresses concerns over rising dollar value in open market
KARACHI: The State Bank of Pakistan (SBP) on Monday ruled out any possibility of a further depreciation of the Pak-rupee and expressed...
Pak-Qatar Takaful Group posts net profit of Rs133mn
KARACHI: Pak-Qatar Takaful Group has registered an immense growth during the preceding year with an aggregate turnover of around Rs9 billion. The...
Tech startup from Karachi wins Rs1mn in StartUp Cup
LAHORE: The fourth edition of the 2017-18 StartUp Cup, funded by the United States was won by a team from Karachi, Retailistan, that beat 17 other...
Engro’s third quarter profit rises 62pc YoY
LAHORE: Engro Corporation, on Monday, in a board of directors meeting held in Karachi approved its financial results for the quarter ended...
World stocks stumble as US yields near 3pc
LONDON: World stocks slipped on Monday as investors braced for a blizzard of earnings from the world’s largest firms, while keeping a...
Uber launches bike-hailing service in Karachi
KARACHI: Uber, the global smartphone app that seamlessly connects riders to drivers, has launched its bike-sharing service uberMOTO in Karachi.
This service follows...
Remittances into Pakistan stagnant throughout 2017, says World Bank
LAHORE:Â Remittances into Pakistan remained almost flat for 2017, fueled by notable decreases in inflows from Saudi Arabia (the biggest remittance source) by...
Subhani’s group to invest $3 billion in country’s real estate, energy and other sectors
LAHORE: Subhanis Group through its partner BMS International Commercial Investment is set to invest $3 billion in Pakistan’s real estate sector, energy,...
PM calls CCoE meeting in Karachi to resolve K-Electric, SSGC dispute
ISLAMABAD: As the row between K-Electric and Sui Southern Gas Company (SSGC) continues, the federal government is anticipated to establish a mechanism...
FBR seeks major raise in FED on sale of cigarettes
KARACHI: The Federal Board of Revenue has recommended a massive rise increase in federal excise duty (FED) on the sale of cigarettes...
Companies seeking listing on PSX have declined in last year: Report
KARACHI: Entities jostling for a potential initial public offering (IPO) on the Pakistan Stock Exchange have fallen in the last one year,...
No imminent devaluation of the rupee in the near-term: Governor SBP
LAHORE: State Bank of Pakistan, Governor Tariq Bajwa in an interview said due to low inflation and solid growth there was no...