Demand, exchange rates to decide fate of auto sector for FY17-18
LAHORE
A strong demand in autos may keep the auto sector at a swift lane for fiscal 2017-18, however, exchange rate devaluation risk...
Commerce ministry seeks textile associations’ proposals for boosting exports
KARACHI
The Federal Ministry of Commerce and Textile seeks concrete and comprehensive proposals from the representatives of all the textile associations, especially value-adding...
Food commodities worth $512.3m exported in 2 months
ISLAMABAD
The country earned $ 512.321 million by exporting different food commodities during the first two months of the current financial year as...
Eurozone sees ‘burst of activity’ in September
LONDON
The Eurozone economy ended the third quarter of the year on a strong note, a survey has indicated.
The IHS Markit composite purchasing managers'...
PIA inducts 25 pilots who will start duty on ATR aircraft
KARACHI
Pakistan International Airlines has inducted 25 cadet pilots who will start duties on ATR aircraft. A simple ceremony was held at PIA...
‘Business community needs to focus on high-tech products’
ISLAMABAD
Ambassador-designate of Pakistan to Switzerland, Ahmad Warraich has said that the business community needs to focus on high-tech products and diversification of...
Uber London loses licence to operate
LONDON
Uber will not be issued a new private hire licence, Transport for London (TfL) has said.
TfL concluded the ride-hailing app firm was...
Participants remain absent from PSX on last day of trading week
LAHORE
The Pakistan Stock Exchange (PSX) settled the week after spending a dull and dry session. Investors preferred to stay on the sidelines...
Citibank looks to bolster revenue growth from China’s OBOR initiative
Beijing: Citigroup Inc expects to boost its revenue growth in China by tapping into opportunities presented by Beijing’s Belt & Road initiative,...
Large-scale manufacturing registered 13pc growth in July
Islamabad: Data released by the Pakistan Bureau of Statistics (PBS) revealed a growth of 13pc in large-scale manufacturing (LSM) for first month...
LCCI laments increase in gas and electricity tariffs
Lahore: A local newspaper reported that Lahore Chamber of commerce and Industry (LCCI) criticized National Electric Power and Regulatory Authority and Oil...
ICCI signs MoU with Greek-Pakistan Entrepreneurship
Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) and Greek-Pakistan Entrepreneurship Cooperation Initiative have signed a Memorandum of Understanding (MoU) to...
Govt failure and inefficiencies mar Railways ML-I project
Islamabad: A local newspaper reported that the failures and inefficiencies on part of provincial and federal governments have delayed critical CPEC projects.
A...
Govt opposes changes in foreign currency account laws
Islamabad: A local newspaper reported that the federal government voiced fears about a private-member bill which seeks removal of exemptions available to...
Foreign debt servicing touched $8.16b during FY 2016-17
Karachi: The State Bank of Pakistan on Thursday reported that the country’s foreign debt servicing amounted to $8.16b during financial year 2016-17,...