SBP directs banks to obtain 100pc cash margins on commodity imports
KARACHI: The State Bank of Pakistan (SBP) on Monday directed all banks to obtain 100 per cent cash margins on the import...
Byco commissions country’s largest isomerisation plant
KARACHI: Byco's wholly owned subsidiary, Byco Isomerisation Pakistan (Private) Limited has commissioned the country's largest isomerisation plant.
Byco has employed a superior technology...
Independent directors’ databank gets operational
ISLAMABAD: The databank of independent directors maintained by the Pakistan Institute of Corporate Governance (PICG) has become operational.
Independent directors are generally seen...
Shaheen Air to continue operations as court stops CAA from suspending its services
KARACHI: The Sindh High Court (SHC) Monday directed the Civil Aviation Authority (CAA) not to suspend operations of Shaheen Airline International (SAI) from today...
Yutong Grand Saloon buses introduced in Pakistan
KARACHI: Master Motors Corp Ltd. (MMCL) in collaboration with Yutong, the largest manufacturer of buses in the world, has launched new 8.5m...
Pakistan’s 1st waste-based energy project gets generation license
ISLAMABAD: In line with its efforts to promote renewable and indigenous resources for power generation, the National Electric Power Regulatory Authority (NEPRA)...
Rupee second worst performing currency in the world
KARACHI: The Dollar today gained about 6.45 rupees in the interbank market as the interim government let the rupee slide deeper into...
Market Daily: KSE 100 falls 605 points falling below 40k mark
LAHORE: In the aftermath of central bank increasing its policy rate ahead of a tense national vote to 7.5 per cent from...
FBR briefs Sialkot business community on tax amnesty
SIALKOT: The Federal Board of Revenue (FBR) Member Facilitation and Taxpayer Education (FATE) Lubna Farrukh Mirza visited Sialkot to hold a meeting...
PKR–US$ exchange rate adjusts in the interbank market
KARACHI: The Rupee-Dollar exchange rate in the interbank market closed at Rs128.0 per US dollar against the closing level of Rs121.55 per...
Hutchison Ports licenses first female trainees to operate remote-controlled quay cranes
KARACHI: Hutchison Ports Pakistan, the country’s first and only deep-water container terminal, has passed another milestone by licencing the country’s first female...
Oil prices decline on potential supply hikes; Trump-Putin eyed
Supply outages in Libya and strike action in Norway and Iraq pushed oil prices higher late last week, although prices still ended down for a second straight week
Rolls-Royce plans for take-off in flying taxi market
Rolls-Royce said on Sunday it had drawn up plans for an electric vertical take-off and landing (EVTOL) vehicle, or flying taxi, which could carry four to five people at speeds of up to 250 miles per hour for approximately 500 miles
The return of Husain Lawai’s legal troubles
One of Pakistan’s leading bankers, Lawai’s career continues to be dogged by allegations of money laundering and illegal activities
Pakistan Textiles flourish despite the odds
Rendered uncompetitive owing to high utility prices, the Pakistan textile exports still make an appreciable surge