Locally-assembled Changan vehicles to roll out in April

Master Motors CEO says the company has built a manufacturing plant in Karachi with a production capacity of 30,000 vehicles per annumISLAMABAD: Master Motor...

UK’s Sikh community pledges to inject £500m into Pakistan to promote religious tourism

Bukhari discussed religious tourism projects in Pakistan with the representatives of the Sikh community.

CPEC-funded Multan-Sukkur Motorway to be operational by August

Sukkur-Multan motorway has a design speed of 120km per hour, and it is a two-way six-lane road with a contractual value of $2.889bnISLAMABAD: The...

Rupee tumbles down to 157 against the dollar, record interbank high

The Pakistani Rupee depreciated to Rs153.75/Rs154 during the early trading hours in the interbank market here on Friday

NED Karachi alum Raghib Husain’s company acquired by Marvell for $6 billion

LAHORE: Another milestone of considerable magnitude has been achieved by Raghib Husain, a Pakistani-American co-founder of Cavium which was recently acquired by chip-maker Marvell in...

PTA stopped from taking action against Mobilink, Telenor

ISLAMABAD: The Islamabad High Court (IHC) has stopped Pakistan Telecommunication Authority (PTA) from taking action against two mobile operating companies.The court has also sought a...

PKR down by another Rs1.4 against USD in interbank market

Pakistani Rupee (PKR) continued to depreciate against US Dollar (USD) in the interbank market on Tuesday, as the currency closed at Rs151.47 per USD,...

PM likely to sack entire economic squad

Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance...

National Savings to revise, set ambitious saving targets for May

Profit rate of return for specialised savings schemes like “Bahbood Savings Certificates” and “Pensioners’ Benefit Account” has also been revised upward and fixed at 14.28 per cent respectively

FBR seeks info of account holders having deposits above Rs0.5m

The Federal Board of Revenue (FBR) has acquired from the State Bank of Pakistan (SBP) information about bank account holders having deposits above Rs0.5...

Mian Mansha brings Hyundai cars back to Pakistan

South Korean carmaker Hyundai Motor Co is expected to resume assembling of cars in Pakistan, according to a statement sent to PSX by Nishat...

Govt decides to withdraw 10pc duty on 1,700cc and above cars

ISLAMABAD: Succumbing to the pressure of local car manufacturers/assemblers, the government is all set to withdraw its decision of imposing 10pc federal excise duty (FED)...

Rupee regains Rs1.87 against greenback in inter-bank trading

But the bank officials firmly believed that SBP had intervened in the inter-bank market and the rupee’s recovery against the dollar was artificial and short-lived

Pakistan Army owns $20 billion stakes in fifty conglomerates claims Indian media report

LAHORE:  The Pakistan army exercises control over fifty conglomerates said to be worth $20 billion stretching from banks, industrial plants, universities, milk dairies, stud farms,...

PM Imran says no to dollar at SCO

PM urges SCO to finalise arrangements for trade in local currencies, set up SCO bank  Says Organisation needs to advance goals of peaceful...

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Former PSX chairman Richard Morin breaks his silence

The former CEO of the Pakistan Stock Exchange (PSX) Richard Morin has come out swinging against rumours surrounding his abrupt resignation as the boss...

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European watchdogs demand detail on Facebook’s cryptocurrency

LONDON: Facebook's fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project.Britain's...