CPEC major driver of FDI in Pakistan
ISLAMABAD: The multi-billion-dollar China-Pakistan Economic Corridor (CPEC) is an open initiative that welcomes private-sector players from China, Pakistan and third countries to...
KE obtains stay-order against NEPRA’s decision
KARACHI: K‐Electric (KEL) has obtained stay order against NEPRA’s decision of July 5 from the Sindh High Court (SHC), says a notice...
A narrow tax base to be the main challenge for next government: Moody’s
LAHORE: July 25 saw Pakistan transitioning into a democratic system for the second time in its 71 year history. The former government left...
Experts believe Dollar may further weaken against Rupee
KARACHI: A crackdown on illegal money exchanges during the last few months and a smooth supply to the Exchange Companies from the...
Oil prices dip after three days of gains
Brent futures were down 5 cents at $74.49 a barrel by 0319 GMT, after gaining 0.8 percent on Thursday. They are heading for a near 2 percent gain this week, the first weekly increase in four
BMG leadership, KCCI office bearers cheer PTI’s victory in general election
KARACHI: The leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce & Industry (KCCI) have extended hearty...
K-Electric’s takeover bid by the Chinese hits a snag
ISLAMABAD: The takeover of K-Electric (KE) by Shanghai Electric has apparently hit a snag following the National Electric Power Regulatory Authority’s (NEPRA)...
DAP prices increased by Rs150 per bag
LAHORE: Following another round of price hike, fertilizer players have increased DAP (Di-Ammonium Phosphate) prices by Rs150 per bag, pushing the new price...
Economists, business community welcome Imran Khan’s pledges for economy, good governance
ISLAMABAD: While the incoming government of Pakistan Tehrik-e-Insaf (PTI) is going to immediately face a dire economic situation, economists have welcomed the...
POL discovers oil in Khaur, North Punjab
KARACHI: Pakistan Oilfields Limited (POL) has successfully discovered hydrocarbons at Khaur North in their Khaur D&P Lease area in which the company...
Shell launches $25 billion buyback plan, second-quarter profits miss
The share repurchase programme promised following the $54 acquisition of BG Group in 2016, is the clearest signal yet that the world’s second-largest oil company has recovered from a bruising three-year downturn in the energy sector
Textile exports plunged 2 percent in June 2018
The government since the last 1.5 years has been trying to enhance exports and extended the Prime Minister Export-Package to rein in the ballooning CAD and dwindling foreign exchange reserves to a 3.5 year low of $9.06 billion
Oil rises after Saudi Arabia suspends shipments through Red Sea lane following attack
Brent crude futures had risen 66 cents, or 0.9 percent, to $74.59 a barrel by 0019 GMT, after gaining 0.7 percent on Wednesday
China’s Xi says ‘no winner’ in any trade war
JOHANNESBURG: China's President Xi Jinping on Wednesday said that there would be "no winner" in any global trade war, in a direct...
Pakistan Tobacco Company announces Rs2.9 billion Q2 profit
LAHORE: Pakistan Tobacco Company (PTC), in a notification issued to the Pakistan Stock Exchange (PSX) on Tuesday, released its financial results for the...