Govt to help local furniture manufacturers enhance their exports

LAHORE: Noting that Pakistani handmade furniture products have the potential to capture the world market, Punjab Governor Ch Muhammad Sarwar on Friday assured the...

Alibaba’s partner Whale Cloud to invest $70m in Pakistan

ISLAMABAD: Considering the demographical and geo-strategic location of Pakistan and the vision of the new government, Whale Cloud, partner of Ali Baba Group, has shown...

‘Gwadar and Chabahar won’t compete, but complement each other’

IPIS president says relations between Iran and India were never and will never be a bond against PakistanISLAMABAD: Stressing on fostering and fortifying bilateral...

Stock market gains 574 points as KSA injects $1bn

KARACHI: After trading in red for three consecutive sessions, the Pakistan Stock Exchange (PSX) rallied up and ended the last session of the week in...

Pakistani businessmen urged to facilitate Canadian counterparts

KARACHI: Canadian Trade Commissioner Margaux McDonald has said that Canada, which has been on the path to recovery since 2014, is open for trade, therefore,...

Fitch downgrades Pakistan’s rating to B-, maintains stable outlook

It projects current account deficit will narrow to 5.1% of GDP in FY19 and to 4% in FY20 from a revised 6.1% in FY18

Pak Rupee will not depreciate any further: Hammad Azhar

ISLAMABAD: Clarifying the statement attributed to the State Bank of Pakistan governor, Minister of State for Revenue Hammad Azhar said on Friday that the Pakistani...

Asian LNG prices snap three-week losing streak as winter kicks in

Spot prices for January delivery edged up about 10 cents to around $8.90 per million British thermal units (mmBtu)

Gold set for biggest weekly fall in 5; firm dollar weighs

Spot gold was 0.4 percent lower at $1,237.65 per ounce as of 0747 GMT

Pakistan receives second $1bn Saudi tranche

Earlier, the State Bank of Pakistan (SBP) in November had received $1 billion from Saudi Arabia.

Apple to push software update in China as Qualcomm case threatens sales ban

Qualcomm has said the Fuzhou Intermediate People’s Court in China found Apple infringed two patents held by the chipmaker and ordered an immediate ban on sales of older iPhone models, from the 6S through the X

Nissan board unlikely to select new chairman on Monday: source

Ghosn has been held in a Tokyo jail since he was arrested on Nov. 19 on suspicion of conspiring to understate his pay by about half of the actual 10 billion yen ($88 million) awarded over five years from 2010

Matco to setup joint venture company with Barentz International

The JV is being set up for the import, sales, and distribution of ingredients used in pharmaceutical, personal care, food & nutrition, and animal nutrition in the life science and food nutrition sector

Dollar gains as focus shifts to Fed, euro and sterling under pressure

The dollar has been the biggest winner of 2018, having gained 5.3 percent over its peers so far this year

Asian shares fall on poor Chinese economic data

Japan’s Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to 2,070.70

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...