The next phase of the milk wars
Engro Foods and Nestlé Pakistan have been engaged for years in a stiff competition for a share of the Pakistani consumer’s wallet, but the hard part is yet to come
Why Pakistan’s cotton value-chain has begun to atrophy
The industry blames a lack of government support, but capital appears to be shifting away from manufacturing, and the economics of growing other crops is better than that of cotton
Rashakai Special Economic Zone to be inaugurated in first quarter of 2019
BEIJING: Rashakai, one of the nine Special Economic Zones (SEZ) prioritised under the China-Pakistan Economic Corridor (CPEC) framework is likely to start...
Cement sales increase by 21pc in south region
ISLAMABAD: The sale of cement in the southern region of the country has increased by 21 per cent from 3.38 million tons...
Zimbabwe plans new currency as dollar shortage bites
HARARE: Zimbabwe will introduce a new currency in the next 12 months, Zimbabwe finance minister said, as a shortage of United States...
US warns German firms of possible sanctions over Russia pipeline
BERLIN: The US ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that...
Bangladesh garment manufacturers raise workers’ pay amid further protests
DHAKA: Garment manufacturers in Bangladesh have agreed to raise workers’ pay, the Bangladesh commerce minister said on Sunday, urging people to return...
Poland could consider limits on use of Huawei products
WARSAW: Poland could consider a ban on the use of Huawei products by public bodies and possible legislation to curtail their use...
Saudi Arabia to set up $10 billion oil refinery in Pakistan
Pakistan wants to attract investment and other financial support to tackle a soaring current account deficit caused partly by rising oil prices
Saudi energy minister says oil market on ‘right track’
ABU DHABI: Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly...
Bank of China to enable payment in yuan on US e-commerce platforms: Xinhua
BEIJING: Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales...
How IT enabled a Matric-qualified carpenter earn $50,000 in 18 months
Matric-qualified Muhammad Muawiya, a 22-year-old resident of Karachi, earns more than a bank manager every month and that too from the comfort...
Govt may cut gas cess by 50pc for fertiliser manufacturers
ISLAMABAD: The government is in negotiation with the fertiliser industry to resolve the issue pertaining to gas infrastructure development cess (GIDC) which the...
Three candidates shortlisted for Bank of Punjab’s president slot
ISLAMABAD: The Punjab government has shortlisted the candidates against the vacant position of Bank of Punjab (BoP) president.
Sources said that former National Bank...
Govt urged to withdraw hike in drug prices
KARACHI: Pakistan Medical Association (PMA) on Saturday showed concern over the announcement of 15 per cent hike in the medicine prices by the...