Local assemblers irked over increase in used car imports

ISLAMABAD: Local car manufacturers/assemblers have raised serious concerns over the surge in the import of used cars during the last two months, saying that this...

‘Govt aims industrial expansion under CPEC’s 2nd phase’

ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar said on Monday that under the next (2nd) phase of China Pakistan Economic Corridor (CPEC),...

Automakers around world await Trump tariff decision

WASHINGTON: Automakers around the world are awaiting a decision from US President Donald Trump on whether he will impose up to 25pc tariffs on...

Byco, Bank Alfalah join hands to digitise fuel payments

KARACHI: Byco Petroleum Pakistan Limited has partnered with Bank Alfalah to launch digital payments across Byco's nationwide network of retail outlets. As per a statement issued...

NEPRA likely to burden power consumers with additional Rs17bn

ISLAMABAD: The power distribution companies (DISCOs) have requested the National Electric Power Regulatory Authority (NEPRA) to pass on approximately Rs17.2 billion to the already...

PM vows to economically uplift country by bolstering exports

ISLAMABAD: Prime Minister Imran Khan has vowed to economically uplift the country by bolstering exports and attracting foreign investment. He was addressing a tripartite signing...

HBL to expand business in China

Habib Bank Limited plans to expand its services in China so as to tap more business under President Xi Jinping's Belt and Road Initiative,...

Car sales drop 56pc in October

Car sales continued its downslide; recording a decline of 56pc in Oct 2019 when compared to the same month last year. Cumulatively, car sales dropped...

AEDB signs agreement for 11 wind power projects

Alternative Energy Development Board (AEDB) has signed an agreement for the construction of 11 wind power projects which would generate 550 megawatts electricity. According to...

‘8,000MW renewable energy to be generated by 2025’

The National Assembly was informed on Monday that the government is planning to generate 8,000 megawatts of electricity through renewable sources by 2025. Replying to...

Adidas shifts German, US smart factories to Asia

FRANKFURT: Sportswear maker Adidas announced on Monday it was closing two niche but flagship factories in Germany and the United States that use robots...

PM’s aide says implementation of EV Policy inevitable

KARACHI: Adviser to Prime Minister on Climate Change Malik Amin Aslam sees no reason for the current players in the auto industry of Pakistan to...

Govt mulls issuing interest-bearing bonds to reduce circular debt

ISLAMABAD: The Finance Division has been mulling to issue interest-bearing bonds to reduce the power sector's circular debt, Pakistan Today has learnt. Sources privy to...

KE reaffirms commitment to Karachi with $3bn investment

K-Electric is committed towards Karachi and its growth with an investment of $3 billion over the next four years across its value chain. This was...

NEPRA grants transmission licence to STDC

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Tuesday granted transmission licence to Sindh Transmission & Dispatch Company (Private) Limited (STDC) to act...

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Pakistanis should expect substantial decrease in salaries in 2020

The people of Pakistan are the only nation in the Asia-Pacific who will record a substantial decrease in salaries made next year on the...

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Jordanian ambassador for cementing trade ties with Pakistan

ISLAMABAD: Ambassador of Jordan Ibrahim Yala Mohammad Almadani on Wednesday said that his country enjoyed good political and defence relations with Pakistan and urged...