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Hamdard’s Usama Qureshi wins ‘CEO of the Year’ award

LAHORE: Hamdard Laboratories (Waqf) Pakistan CEO Usama Qureshi has been chosen as the best CEO of the year 2018 by the Consumers Association of Pakistan...

ECC likely to increase electricity tariff by Rs3.81 per unit

Consumers will have to bear an additional burden of about Rs406 billionISLAMABAD: The Economic Coordination Committee (ECC) has decided to go ahead with Rs3.81...

India, Iran working on rupee-rial facility for Chabahar port

‘Guarantees will have to be given in rupees instead of in dollars or euros’An Indian newspaper commented on the importance of Chabahar port...

Top German business delegation to visit Pakistan tomorrow

It will be the first official Bavarian delegation visit to Pakistan after 20 years Objective is to explore opportunities of joint ventures in...

New PIA reservation system causes decline in sales

The new HITIT reservation system introduced by the Pakistan International Airlines (PIA) has led to a decline in sales, a local media outlet reported.PIA...

‘Foreign banks keen to invest in govt’s mega housing scheme’

Govt spokesman says 40pc houses will be constructed in rural areas, 40pc in urban and 20pc in slum areas ISLAMABAD: Government’s spokesman on economy and energy...

Petroleum group exports surge by 97.2pc in three months

ISLAMABAD: The export of petroleum group during the first quarter of the current fiscal year has registered a sharp increase of 97.2 per cent as...

Audi’s electric SUV faces four-week delay owing to software bug

FRANKFURT: Audi’s first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for...

Rehman Malik writes to PM, suggests remedies for economic challenges

Senator urges PM to sale half of Pakistan’s loans to time-tested friend China after taking the parliament into confidenceISLAMABAD: Pakistan People’s Party (PPP) Senator...

China says must balance stable growth and risk prevention

BEIJING: China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country’s...

Iranian president appoints new economy minister in cabinet reshuffle

The proposed cabinet changes come as govt faces intense pressure over economic instability mostly caused by US sanctionsDUBAI: Iranian President Hassan Rouhani appointed academic...

German politicians press Siemens boss to skip Saudi conference  

Heads of Deutsche Bank, Uber Technologies and ABB have also dropped out of Riyadh’s Future Investment Initiative conference following Khashoggi’s deathBERLIN: Siemens boss Joe Kaeser...

Saudi Gulf Airlines’ first direct flight lands at Sialkot airport

SIALKOT: The Saudi Gulf Airlines, the international airline of Saudi Arabia, on Saturday launched its flight operations between Sialkot (Pakistan) and Dammam (Saudi Arabia).Sialkot International...

Beijing will continue reform, Chinese premier tells EU, Asian leaders

BEIJING: Chinese Premier Li Keqiang said at a meeting between Asian and European leaders in Brussels that China will continue to open up its economy,...

Nearly half the world lives on less than $5.50 a day: WB

Despite progress in reducing extreme poverty, the number of poor worldwide is still “unacceptably high,” according to a World Bank report, which showed that...

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Dearth of economic experts in Finance Ministry irks PM

‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’ ‘Secretaries have mostly been...

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Pakistan ‘gifts’ 15,000 livestock animals to Gulf countries despite ban

'Influentials sitting in important ministries and those belonging to foreign missions were involved in the export after taking permission from former PM Abbasi' ISLAMABAD: Despite a...