Cement prices surge to previous levels in Punjab

LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern...

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...

Share of clean energy to be enhanced to 65pc by 2030: minister

ISLAMABAD: Power Division Minister Omar Ayub Khan said on Wednesday that around 8,000MW and 20,000MW clean, environment-friendly and cheap renewable energy (RE) would be...

Danish envoy pledges support to renewable energy projects in Pakistan

Ambassador of Denmark to Pakistan Rolf Holmboe called on Special Assistant to Prime Minister on Petroleum Nadeem Babar on Tuesday to discuss matters pertaining...

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...

‘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...

Footwear exports surge 26pc in 1QFY20

ISLAMABAD: Footwear exports from the country witnessed an increase of 26.3pc during the first quarter of the current financial year (1QFY20), as compared to...

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,...

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...

Textile exports up 2.9pc to $3.37bn in 1QFY20

ISLAMABAD: Textile exports from the country grew by 2.95pc during the first quarter of the current financial year (1QFY20) as compared to the exports...

‘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...

Cutlery exports surge 18.6pc in three months FY20

ISLAMABAD: The export of cutlery from the country witnessed an increase of 18.66pc during the first quarter of the current financial year (1QFY20) as compared...

Customs duty exemption on imported phones removed

ISLAMABAD: The customs duty exemption that was previously available on bringing one imported phone to Pakistan has been removed, as per the...

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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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Iran keen to enhance trade ties with Pakistan: envoy

ISLAMABAD: Ambassador of Iran Mehdi Honardoost on Thursday met Adviser to Prime Minister on Commerce Abdul Razak Dawood in Islamabad to discuss matters pertaining...