Shell Pakistan posts Rs570m profit for Q3 2019

The Board of Directors of Shell Pakistan Limited announced the third-quarter results of the company on Tuesday. The company posted a profit after tax of...

‘Groundbreaking of Rashakai economic zone next month’

ISLAMABAD: The meeting of the Pak-China Joint Working Group (JWG) on Industrial Cooperation was held via video conference on Tuesday. The meeting was co-chaired by...

Some 300,000 employees of Indian state-led banks strike against mergers

MUMBAI: Nearly 300,000 employees of Indian state-run banks went on strike on Tuesday against government plans to consolidate the sector through mergers as part...

Oil prices rise on prospects for US-China trade deal

LONDON: Oil prices rose on Tuesday after China signalled progress in trade talks with the United States, but gains were capped by bearish forecasts of...

Uber turns to India, Africa and Middle East as losses mount

NEW DELHI: The head of Uber said Tuesday that the global ride services firm was counting on India, Africa and the Middle East for future...

Govt likely to jack up power tariff by Rs2.97 per unit

ISLAMABAD: The Central Power Purchasing Agency (CPPA) has asked the National Electric Power Regulatory Authority (NEPRA) to jack up electricity price by Rs2.97 per unit...

KSE-100 gains 114 points amid range-bound trading

KARACHI: It was a slow day at the Pakistan Stock Exchange (PSX) where indices traded within a narrow range throughout the session amid low volumes....

Pakistan, Turkey agree to enhance cooperation in energy sector

ISLAMABAD: Ambassador of Turkey to Pakistan Ihsan Mustafa Yurdakul called on Power and Petroleum Minister Omar Ayub Khan on Tuesday to discuss matters pertaining to...

Weekly inflation up 2.36pc

ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ending October 17, 2019, increased by 2.36pc as compared to the previous week. The...

Air taxi startup Lilium expands production as prototype exceeds 100km/h

BERLIN: A prototype flying taxi has achieved speeds in excess of 100 km/h (62 mph), its German developer Lilium said on Tuesday, giving it...

Provincial authorities meet IMF officials for tax issues

ISLAMABAD: Provincial tax authorities have informed the International Monetary Fund (IMF) that the federation and provinces can resolve their taxation related issues within the...

GDA to upgrade historical, tourist spots in Gwadar

ISLAMABAD, Oct 21 (APP):Gwadar city is all set to reclaim its lost glory as the Balochistan government has launched several development schemes in the...

Drilling for Shale gas, oil in Sindh to start in December

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has planned to start drilling activities in potential areas of Sindh in December this year for...

Global economic slowdown may hit exports, bank advances: SBP

KARACHI: The State Bank of Pakistan (SBP) has said that the projected slowdown in global economic activity, particularly in the US and Euro may...

Govt may increase yield on tax refund bonds

KARACHI: The government may increase yield on tax refund bonds to make their trade attractive in financial markets, reported The News. The finance ministry was...

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

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