US crude oil touches two-year highs, as supplies tighten

SINGAPORE: U.S. crude oil hit fresh two-year highs on Friday, as the shutdown of a major crude pipeline from Canada to the...

Local tyre manufacturers welcome rise in import duties

LAHORE: The imposition and increase of regulatory duties on various categories of tyres has been endorsed by the country’s leading tyre manufacturers. The...

Asian stock markets decline, as focus shifts to Chinese markets

TOKYO: Asian stock markets were mostly lower Friday with investors finding little guidance with Wall Street closed for the Thanksgiving holiday and...

Musical chairs continue, as additional secretary finance removed after one day in office

ISLAMABAD: As race heats up to find a replacement for embattled ex-Finance Minister Ishaq Dar, in another development Additional Finance Secretary Ghazanfar...

Loadshedding could rise, as power crisis expected to worsen

ISLAMABAD: The governments promise of ending power outages seems farce as reduction in gas supply caused power plants generating 3,000MW of electricity...

Race on to find replacement for Ishaq Dar

ISLAMABAD: Pakistan on Thursday began searching for a new finance minister a day after Ishaq Dar was relieved of his portfolio amid...

PIA fails to deposit Rs6 billion federal excise duty to FBR

ISLAMABAD: Pakistan International Airlines (PIA) miseries keep worsening as it has been learnt that it failed to deposit Rs6 billion as Federal...

Softbank was informed about data breach, says: Uber

SAN FRANCISCO: Uber Technologies Inc said on Thursday that it discussed a massive data breach with potential investor SoftBank Group Corp ahead...

Car production surges by 31.37pc in first quarter

ISLAMABAD: The production of jeeps and cars surged by 31.37 percent during the first quarter of the current fiscal year against output...

China CIC Rating Co, VIS sign cooperation agreement focused on OBOR

KARACHI: China Chengxin International Credit Rating Company Limited and Vital Information Services (Pvt) Limited Pakistan sign cooperation agreement to provide credit rating...

Senate body directs telcos to form SOPs for franchises

ISLAMABAD: Senate standing committee on Information Technology and telecommunication Thursday expressed displeasure over giving targets to franchises of telcos to achieve sale...

BOI stresses for liberal investment policy in CPEC

ISLAMABAD: The Board of Investment (BoI) has stressed that the government has a very liberal investment policy for all countries and welcome...

NA committee seeks interim report before NAB reference on $8bn Dubai investments

ISLAMABAD: The National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs directed its sub-committee to prepare an interim report on investment...

Railways to purchase 20 locomotives from GE

ISLAMABAD: Pakistan Railways would purchase 20 more locomotives from General Electric (GE) to enhance the capacity of the department to meet growing...

IPO-Pakistan to play key role in CPEC: Shaza Fatima

ISLAMABAD: Parliamentary Secretary for Commerce Shaza Fatima Khawaja Thursday said Intellectual Property Organisation (IPO-Pakistan) would become one of the most important institutions...