India’s newly launched fast train breaks down

Collision with a cow disrupted electricity supply to four carriages and damaged the brake systemNEW DELHI: India's first semi high-speed train broke down...

Bank lending for ‘real economy’ key to boost China growth: central bank official

China’s banks made the most new loans on record in January following a series of moves to boost lending as authorities try to prevent a sharp slowdown in the world’s second-largest economy

Global e-commerce sales will skyrocket to $3 trillion by 2022: Fitch Solutions

China is the largest e-commerce market globally with total e-commerce sales forecast at $834 billion in 2019 and projected to further rise to $1.24 trillion by 2022

Withholding tax collection on profit from government securities nosedives 25%

During July-January of current FY19, the collection of withholding tax from banking deposits soared 221% and counterbalanced the fall in tax collection from profit on government securities

Pakistan gets ready to woo Saudi crown prince

Saudi Arabia is reportedly preparing to sign a record investment package with Pakistan, including a $10 billion refinery and oil complex for the strategic Gwadar Port on the Arabian Sea

Sindh, Balochistan face gas shortage, as LNG terminal goes offline for maintenance

To mitigate the fall out from the shortage of gas, SSGC announced an additional 12-hour gas holiday for compressed natural gas (CNG) fuel stations across Sindh on Saturday in order to provide supply gas to domestic and commercial consumers

Total external debt & liabilities soar to $99.1 billion by end of December 2018

During the first half (July-December) of FY19, the government procured $11.3 billion loans from several countries compared to $8.6 billion till the end of June last year

Pakistan to take another $1.4 billion loan to curb power sector arrears

Electricity shortages have eased in the last 12 months but years of mismanagement and funding shortfalls for subsidies have led to accumulated power sector payment arrears, or “circular debt”, soaring to 1.4 trillion rupees ($10.1 billion)

Air France mulls returning to Pakistan after 11 years: minister

Petroleum Minister Ghulam Sarwar Khan revealed on Friday that after witnessing a conducive business environment, Air France was planning to resume its service in...

BankIslami pioneers Pakistan’s first ‘OneTouch Banking’ solution

With the growing prevalence of technologically advanced solutions within the Pakistani banking industry, BankIslami has set the benchmark for the industry with its OneTouch...

Philip Morris eyes tech gadgets for ‘smoke-free’ market

GENEVA: Gadgets that monitor health, from wearable step-counters to apps tracking sleep and diet, have exploded in popularity in recent years, and now even the...

Petroleum Division likely to table revised gas tariffs before CCoE

The division was given 10 days to submit the findings of inquiry report into inflated gas bills to domestic consumersISLAMABAD: The Petroleum Division...

Power Division directed to form special team to address overbilling woes

The team will visit different locations to listen to the complaints regarding overbilling and will order remedial measures on the spotISLAMABAD: A sub-committee of...

All stakeholders on same page regarding CPEC: minister

ISLAMABAD: Planning Minister Makhdoom Khusro Bakhtiar said on Thursday that formation of the China Pakistan Economic Corridor (CPEC) Business Forum would help create an interface...

Former SBP governor Salim Raza joins Karandaaz

LAHORE: Karandaaz Pakistan has announced the appointment of former State Bank of Pakistan governor Salim Raza on its board of directors.Salim Raza has over 40...

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Amazon does not have a Pakistan presence. These Pakistani entrepreneurs are...

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