Drive system in BMW i8 wins International Engine of the Year award
KARACHI: The plug-in hybrid drive system in the BMW i8 won the international engine of the year award in its category in...
US dollar touches Rs122 in interbank, closes at Rs121.50
KARACHI:  The dollar continued its upward trend in the interbank market on Tuesday closing at Rs121.50 against a dollar.
“The dollar touched Rs122 in the interbank...
ZTE settlement details revealed, ban still in force
Under the settlement, ZTE will pay a total civil penalty of $1.7 billion, including $361 million already paid as part of a March 2017 agreement, the $1 billion fine and the $400 million that will go into escrow
Oil prices inch up on cautious optimism over Trump, Kim summit in Singapore
Brent crude futures were trading at $76.56 per barrel at 0201, up 10 cents from their last close
Power sector receivables touch Rs779 billion
Highest percent of losses were recorded for Peshawar Electric Supply Company (Pesco) at 36.6 percent, 35.7 percent for Sepco and 19.1 percent for Hesco
1st unit of Tarbela fourth extension project commences generation
The official shared the second unit of Tarbela 4th extension hydropower project was also put in wet commissioning three days ago and the second unit is set to enter its reliability in the first week of July
Rupee devaluation could attract foreign investors back into stock market
Foreign investors have been pulling out their money from the stock market and were net sellers of $266 million during FY18 compared to $728 million in the corresponding period of last year
Petrol prices up by Rs4.26, Diesel by Rs6.55
Accordingly, after the hike, petrol would be sold at Rs91.96 per litre, HSD at Rs105.31, SKO at Rs84.34 and LDO at 74.99. These prices would be effective from June 12 till June 30, 2018.
Islamic banking’s assets grew 2.8pc in Q12018
ISLAMABAD: Assets of the Islamic banking industry increased by 2.8 per cent during the quarter from January to March 2018 and were...
FPCCI invites political party’s chiefs to present economic agenda, roadmap
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry's (FPCCI's) Senior Vice President and Chairman, Budget Advisory Council, Syed Mazhar Ali...
Govt needs to rethink ban on non-filers from investing in property: ICCI
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Acting President Muhammad Naveed Malik has called upon the government to review the decision...
On last day in office, Abbasi govt raised LNG import margins
ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) government increased profit margins on liquefied natural gas (LNG) imports quietly on the last but one day to...
JW Forland plans to produce dump, cargo trucks in Pakistan
KARACHI:Â JW Forland has planned to produce dump trucks, cargo trucks, and special purpose vehicles in Pakistan with an installed capacity of 30,000...
Pakistan uses up Chinese trade financing facility to repay debt
In the current fiscal year 2017-18, China has given about 40 per cent of total foreign loans.
Energy: colliding visions for powering Pakistan
Both the PTI and PML-N offer competing proposals for how best to manage Pakistan’s electricity generation sector