Careem plans to launch bus service in Pakistan

After launching its bus service in Egypt, Careem, the famous ride-hailing service, has said it is next planning on launching a similar service in...

Malaysia Airlines could be sold or shut down: PM

The airline has been on the ropes since 2014 when Flight MH370 disappeared and MH17 was shot down by a Russian-made missile over war-torn...

Pakistan to offer gas fields to foreign explorers, investors

'More than 30 onshore gas blocks have been identified and the govt plans to auction a large chunk of them in one or...

PM inaugurates online visa facility, forms tourism coordination board

– PM says new visa regime is a manifestation of improved security situation– Says online visa facility would help tourists obtain visas from the comfort...

Govt to involve business community in next phases of CPEC

Minister says 60pc work on Hakla-D I Khan section has been completed, work on Sukkur-Hyderabad section will start in six to eight months, while...

Tractor production decreases 29pc in seven months FY19

ISLAMABAD: Tractor production in the country during the first seven months of the current financial year (FY19) witnessed a decrease of 29.18pc as compared to...

Chinese firms issue letter of intent for $2bn investment in Pakistan

PM's assistant says a heavy truck assembling plant will soon be established in the Rashakai Economic ZoneISLAMABAD: The XCMG and HSS Group of China have...

Sahiwal Coal Power Plant fully meets standards set by WB, EU

SAHIWAL: Huaneng Shandong Ruyi (HSR) Energy Limited, responsible for operations of the Sahiwal coal-fired power plant on Friday claimed that the plant was one...

Automobile sector to face the pinch, as car bookings plummet by 30 percent

The ban was enforced from the 1st of July of the current financial year 2018-19 and a source in the automobile industry shared the trend of car booking during this period reveals annual auto sales will plunge to 168,000 from 240,000 units

CMEC acquires 10 percent stake in Hubco’s subsidiary TEL for $3.93 million

The coal-fired power project is expected to commercial operation date by March 31st, 2021. Hubco presently produces 1,601MW via its three power plants in Narowal, Hub and Azad Kashmir

Car manufacturers paid Rs2bn to consumers in one year, NA told

ISLAMABAD: The car manufacturers have paid around Rs2 billion to consumers in the last one year owing to late delivery of vehicles.This was stated by the...

South Asia’s first ever remote-controlled cranes arrive in Pakistan

The new cranes will be able to lift a container weighing up to 65 tonnes under the spreader, ensuring safe and smooth operationsHutchison...

Cutlery exports decrease 3pc in seven months FY19

ISLAMABAD: The cutlery exports from the country decreased by 3.08pc during the first seven months of the current fiscal year as against the exports of...

Careem brought with it a boom in auto lending for the banks. Then came the interest rate hikes

Muhammad Irfan started his rental car business in 2015 with just one used car. Then came Careem and Uber and the boom in both...

Pak share in world Islamic banking negligible 1%

KARACHI: The share of Pakistan-based Islamic banks in global Shariah-compliant banking assets stands at a meagre 1%, according to the State Bank of Pakistan (SBP)...

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