Audi sees record half-year sales in China
CHANGCHUN: The Sino-German auto joint venture FAW-Volkswagen said a record 311,871 Audi vehicles were sold in China in the first half of...
British Airways faces record $230m fine over data theft
LONDON: British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website...
Power theft caused financial loss of Rs45bn in FY18: NEPRA
The national exchequer has borne a huge financial loss of more than Rs45 billion due to electricity theft and other damages during...
Budget aims to promote industrialisation, FBR chief tells traders
--Shabbar Zaidi says department is mulling to charge tax on the basis of electricity bill on shops with an area of 240...
Trump vows to reduce US drug prices to world’s lowest
WASHINGTON: US President Donald Trump on Friday said his administration is working on an executive order to reduce US drug prices to...
‘Tariff structure being rationalised to improve Pakistan’s industrial competitiveness’
--PM's adviser says govt is targeting a $200bn share in Chinese imports
LAHORE: Adviser to Prime Minister on Commerce Abdul...
‘Policy being formalised to tap shale gas, oil potential’
ISLAMABAD: The government is in the process of finalising a policy to exploit massive shale gas and oil reserves that were identified...
K-Electric posts Rs10.4bn profit for FY17
The Board of Directors of K-Electric Limited has approved the company’s financial results for the year ended 30 June 2017, a private...
SBP reserves drop 0.13pc despite Qatar aid
The foreign exchange reserves held by the
central bank decreased by 0.13pc on a weekly basis, despite receiving $500
million in inflows from Qatar,...
BMW and Daimler team up on automated driving
BERLIN: Some 1,200 developers at BMW and Daimler will team up to develop automated driving technology, the companies said on Thursday, the...
Oman keen to collaborate with Pakistan’s petroleum sector
ISLAMABAD: Oman on Thursday expressed keenness for further
collaboration with Pakistan in the business of petroleum products, including liquefied
petroleum gas (LPG) and gasoline.
A...
SAPM warns of strict action against gas thieves
Special Assistant to Prime Minister on
Petroleum Nadeem Babar said on Thursday said that the authorities have started taking
strict action against gas thieves...
Govt to launch national tourism promotion app
ISLAMABAD: The Pakistan Tourism Development Corporation (PTDC) would launch a national tourism promotion application to provide the necessary and latest information to...
Oil prices rise after US crude stockpile drop
LONDON: Oil prices rebounded on Wednesday after a steep fall in the previous session when OPEC and its allies’ decision to extend...
Fertiliser prices won’t be increased, Dawood says
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood said on Wednesday that the prices of fertiliser would not be increased...