US sanctions on Chinese oil trader ‘illegal’: Beijing
BEIJING: China on Tuesday called US sanctions against Chinese companies "illegal", a day after US Secretary of State Mike Pompeo announced he...
Huawei first-half revenue up about 30pc despite US ban
Huawei Technologies Co Ltd’s revenue grew roughly 30pc in the first half after select teams secured critical supplies to keep production going...
Pakistan’s exports to South Asian countries fall by 14pc
Pakistan's exports to its neighbours in the South Asian region have fallen by 14 percent in the fiscal year 2018-19, according to...
BOP president fails to get FPT clearance from SBP
The request for ‘Fit and Proper Test’ (FPT) clearance of Syed Muhammad Talib Rizvi for his appointment as president/CEO of the Bank...
Why do connected Pakistani millennials underutilise public transportation system?
With a population of 200 million (plus) people, Pakistan ranks as the world’s 5th most populous nation. As its urban centres continue...
No change in instructions on purchase of foreign currency notes by banks: SBP
ISLAMABAD: The State Bank of Pakistan (SBP) has clarified that there was no change in instructions regarding the purchase of foreign currency...
Microsoft to invest $1 billion in OpenAI
Microsoft Corp said on Monday it was investing $1 billion in San Francisco-based OpenAI and that the two had formed a multi-year...
US sanctions Chinese oil trader for violating Iran restrictions: Pompeo
WASHINGTON: The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of...
HBL, CRBC sign accord for development of Rashakai SEZ
HBL and China Road & Bridge Corporation (CRBC) recently signed a memorandum of understanding (MOU) at the HBL office in Karachi.
Under the...
Cement exports register 21.94pc growth in FY19
ISLAMABAD:Â The export of cement from the country during the financial year 2018-19 witnessed an increase of 21.94pc, as compared to the corresponding...
Kuwait’s Enertech to finance power projects in Sindh
KARACHI: Sindh government and Kuwait's national company have signed a memorandum of understanding (MOU) with regard to a major investment in Sindh's...
PFVA, ICT join hands to uplift livestock sectors in Sindh, Balochistan
ISLAMABAD:Â The All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA) will assist the International Trade Centre (ICT), a joint technical...
FBR chief asks banks to collect details of benami accounts themselves
Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has asked all banks in the country to collect details of 'benami' accounts of...
Oil outlook sours as sanctions, global tensions fail to bring out bulls
LONDON/NEW YORK: Sentiment in the oil market has shifted dramatically in recent days, with hedge funds, producers and traders all taking a...
Dr Alvi mulls solar power at presidency
KARACHI:Â President Dr Arif Alvi on Saturday emphasised the need to exploit alternative sources of energy in order to produce cheap electricity in...