Trump talks up economy, talks down Fed amid mixed data

WASHINGTON: President Donald Trump on Thursday said the US economy was doing well and could be record-setting if only the Federal Reserve lowered interest rates...

Eurozone bankers warn of ‘more protracted’ slowdown

BERLIN: Eurozone central bankers had worried that an economic slowdown hitting the bloc would drag on, as they prepared the ground for a new package...

SMEDA to set up 1,000 stitching units

SIALKOT: The Small and Medium Enterprises Development Authority (SMEDA) has decided to establish 1,000 stitching units in industrial cities of the country, including Karachi,...

Zong becomes first telco to conduct successful 5G trials in Pakistan

China Mobile Pakistan (CMPak), popularly known as Zong, has successfully conducted 5G trials in Pakistan, a press release issued by the company said. With this,...

World Bank president to visit Pakistan in November

ISLAMABAD: World Bank Country Director Patchamuthu Illangovan on Thursday informed Adviser to Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh that WB President...

PM urges Chinese company to set up waste-to-energy plant in Pakistan

ISLAMABAD: Prime Minister Imran Khan has reiterated his commitment to providing all possible facilities to the investors in undertaking profitable business ventures in Pakistan. Talking to...

Bulls continue to rule PSX; index gains another 911 points

KARACHI: The Pakistan Stock Exchange (PSX) managed to attract investors once again on Thursday after three consecutive positive sessions. The indices witnessed a good start to...

Final round of consultations on renewable energy policy draft commences

ISLAMABAD: The final round of consultations on the finalisation of new renewable energy policy draft commenced at the Alternative Energy Development Board (AEDB) on Thursday. In...

Pharma Bureau off the hook

ISLAMABAD: The Competition Commission of Pakistan (CCP), while setting aside its show-cause notice issued to Pharma Bureau for prima facie cartelization, has warned that the...

‘Govt committed to reducing business regulations’

ISLAMABAD: World Bank Country (Pakistan) Director Patchamuthu Illangovan called on Adviser to Prime Minister on Commerce Abdul Razak Dawood to deliberate on issues pertaining...

‘Govt committed to reducing business regulations’

ISLAMABAD: World Bank Country (Pakistan) Director Patchamuthu Illangovan called on Adviser to Prime Minister on Commerce Abdul Razak Dawood to deliberate on issues pertaining...

Bank AL Habib declares pre-tax profit of Rs8.55bn

The Board of Directors of Bank AL Habib Limited announced the financial results for the half-year ended June 30, 2019. The bank reported a...

IPO-Pakistan vows ‘relentless drive’ against counterfeiting, piracy

ISLAMABAD: In a drive against counterfeiting and piracy, Intellectual Property Organization (IPO-Pakistan), in collaboration with the law enforcement agencies, would act against those involved in...

FBR, USAID sensitise stakeholders on Pakistan Single Window

ISLAMABAD: The Federal Board of Revenue (FBR) and USAID’s Pakistan Regional Economic Integration Activity (PREIA) jointly organised a one-day stakeholders’ workshop on Pakistan Single Window...

IHC directs telcos to submit Rs36bn for licence renewal

ISLAMABAD: The Islamabad High Court (IHC) on Wednesday directed two mobile companies, Mobilink and Telenor, to submit Rs36 billion ($224 million) each within two weeks...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

PIA hikes UAE fares

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India Inc grows impatient as economy dips and Modi is distracted

When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big...