Oil firms as China’s slowdown not as steep as some expected

International Brent crude oil futures were at $62.83 per barrel at 0259, up 13 cents, or 0.2 percent, from their last close

PSO faces severe financial crunch, as Rs200 billion bond issuance delayed

State-owned Pakistan International Airlines (PIA) owes Rs48 billion to PSO and the federal government on account of price differential claims and exchange rate loss

‘Expert’ group expected to lead state-owned PSM’s revival

ISLAMABAD: Although Pakistan Steel Mills' (PSM) Board has yet to give the approval for the formation of an expert group of private steel companies...

Mobile broadband fosters digital financial services

Mobile account ownership in Pakistan has witnessed a reasonable increase and crossed the 39 million mark, which was 15 million at the end of...

World Bank terms progress on Dasu Dam project slower than anticipated

According to WB, land acquisition has only reached 742 acres, out of 1,987 acres needed for the construction areas and is slated to be finished by June 2022

30 companies invest $474m in Gwadar Free Zone

GWADAR: Around 30 companies have so far invested in the Gwadar Free Zone, with a direct investment of about $474 million, according to official...

Chinese banks’ forex settlement deficit narrows in Dec

BEIJING: China's commercial banks reported a drop in their forex settlement deficit in December, official data showed.Forex purchases by banks stood at 1.14 trillion yuan...

‘Pakistan to achieve target of record exports this year’

PM's adviser says despite unfavourable circumstances, the economy is moving on the right track, with current account deficit still being a challengePakistan will...

KP govt committed to facilitating oil and gas explorers

PESHAWAR: Khyber Pakhtunkhwa (KP) Chief Minister Mahmood Khan on Saturday assured all-out support to address the issues of Khyber Pakhtunkhwa Oil and Gas Company Limited...

French adventure travel agency returns to Pakistan after decade

‘Among four proposed tours, the agency offers a seven-day trek along the Batura glacier in Hunza’ISLAMABAD: After an improvement in the country’s tourism...

Two LNG vessels arrive at Port Qasim

ISLAMABAD: Maritime Affairs Minister Ali Haider Zaidi said on Saturday two liquified natural gas (LNG) vessels arrived at Port Qasim, Karachi.The minister appreciated the Port...

Railways Complaint Centre to be established next month

Minister says Pakistan Railways had to bear a loss of Rs60m per week due to ticket dodgersLAHORE: Railways Minister Sheikh Rasheed Ahmed on Saturday...

Major beverage companies deny accepting govt standards

At least six major carbonated beverage companies are in litigation with PSQCA for years, challenging the standard and marking fee of the authorityISLAMABAD: As...

India’s richest man to take on Amazon, Walmart in e-commerce

Asia’s richest man Mukesh Ambani announced details of a new online shopping platform Friday that will see his oil-to-telecoms conglomerate take on Amazon and...

ABAD lauds resumption of high-rise constructions in Karachi

SC had lifted its ban on high-rise construction on 11th Dec 2018; however, Sindh govt took more than one month to direct SBCA...

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‘WHT on cash withdrawal to be abolished for tax filers’

State Minister Hammad Azhar had assured KCCI of restoring final tax regime for commercial importers under the upcoming finance billKARACHI: State Minister for Revenue...

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