ExxonMobil to commence drilling on 6th

This is the first time that any company in Pakistan would drill in the sea to explore oil and gasISLAMABAD: The drilling equipment of ExxonMobil,...

AGP IPO: Book-building process ends up in strike price of Rs80

LAHORE: The book-building process of the Initial Public Offering (IPO) of AGP Limited, one of Pakistan’s leading pharma companies has resulted in a strike...

Energy ministry rejects claims of discovering oil reserves larger than Kuwait’s: sources 

ISLAMABAD: The Energy ministry has negated caretaker foreign minister’s tall claim of discovering huge oil reserves reportedly bigger than Kuwait's in Pakistan near the...

SSGC tightens its noose on gas thieves

KARACHI: As per the directives of the higher management, a joint inspection-cum-raid was carried out on a factory, by the representatives of the Sui Southern...

Who owns Pakistan? 11 business groups that own 35pc of KSE’s market cap

An infographic by KASB Securities has named the top 11 business groups, which make up 35 per cent of the total KSE all market...

Launch of KIA Rio 2018 could threaten car industry’s ‘big three’

LAHORE: The KIA Rio 2018 has reportedly been displayed at the showroom of KIA lucky motors Pakistan, causing speculation in car enthusiasts about pricing...

Indus Motors jacks up prices of Corolla for fourth time this year

Indus Motor has hiked the prices by Rs50,000 for Toyota Corolla XLI to Rs1.944 million till December and it will see a further rise of Rs50,000 in January to Rs2.044 million

Rupee depreciates to Rs118 against US dollar amid economic strains

LAHORE: The rupee depreciated Rs7.5 against the US dollar to Rs118.0 in the inter-bank market on Tuesday morning compared to its closing rate of...

SBP governor hints further devaluation of rupee

ISLAMABAD: As the experts have already expected a further decrease in the value of Pakistani currency against the dollar, the State Bank of Pakistan (SBP)...

FBR abolishes 2pc customs duty on import of 200 items

The Federal Board of Revenue (FBR) on Tuesday abolished the two per cent additional customs duty on the import of 200 items and auto...

ECC forms special committee to resolve stalled K-Electric sale

With Abraaj teetering on the verge of bankruptcy, was Arif Naqvi's meeting with PM Imran Khan meant to extract a return favour for the investment made in PTI's election campaign of 2013, as alleged by his ex-wife Reham Khan

Q-Mobile caught smuggling

KARACHI: Customs has confiscated a shipment of 64,000 Q-Mobile phones worth Rs350m imported by Digicom Trading Pvt Ltd.These mobile phones were confiscated by MCC...

Ever wonder how WhatsApp makes money? Here’s how.

With a reported user base of more than 1.5 billion by February 2018, WhatsApp is one of the most popular messaging applications available today.The...

Suzuki to discontinue Mehran within two months, Senate told

Allahwala also revealed that “nine automotive manufacturers were working to bring an investment worth $1.50 billion to Pakistan”

Hyundai Nishat set to unveil two vehicles on Saturday

Hyundai-Nishat Motors is considering starting its operations with the sale of fully loaded sports utility vehicle (SUV)-Santa Fe & the second variant to be unveiled includes Grand Starex, a 12-seat light commercial vehicle (LCV) for commuting purposes

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Kinnow exports likely to touch 400,000 tonnes this season

ISLAMABAD: Pakistan has exported around 350,000 tonnes of kinnow during the current season as compared to 335,000 tonnes during the previous season, registering an increase...

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