Audi looks to double China production with partner FAW in five years
BEIJING: German luxury carmaker Audi AG aims to double China production with local partner China FAW Group Corp Ltd within five years,...
Deadlock persists in Kishanganga dispute, WB working to protect Indus Waters Treaty
LAHORE: The World Bank is working in conjunction with Pakistan and India to find an amicable solution over the recent differences regarding...
Oil prices stable, but remain below three-year highs
SINGAPORE: Oil prices were stable on Wednesday but were below the more than three-year highs reached the previous session as rising U.S....
Nepra approves Rs1.86 per unit cut in power tariff
ISLAMABAD: The power regulator refused the request to raise electricity tariff by 44 paisa per unit and directed power distribution companies (DISCOs)...
Fauji Fertilizer gets approval to invest $121 million in Thar Energy Limited
LAHORE: Fauji Fertilizer Company (FFC) Limited board has given go-ahead for an investment of $121 million in Thar Energy Limited (TEL).
In a...
Cigarettes prices could rise, as govt mulls raising taxes
ISLAMABAD: The government is contemplating to increase the tax on cigarettes in the upcoming budget for the financial year 2018-19 set to...
Annual Plan 2018-19 projects 6.2 percent economic growth rate & 6 percent inflation
ISLAMABAD: The Annual Plan 2018-19 approved by the National Economic Council (NEC) headed by the Prime Minister Shahid Khaqan Abbasi projected a...
Pakistan now viewed as hub of regional connectivity: Mushahid
KARACHI: Senator Mushahid Hussain has said that CPEC has already yielded dividends, with 22 Early Harvest Projects on track in energy, infrastructure,...
Senate panel approves amnesty scheme with amendments
Members belonging to Pakistan Tehreek-e-Insaf, Pakistan Peoples Party and others joined hands to introduce amendments to the bill.
Finance Ministry, NICL express inability for reinsurance of Punjab’s 2460MW power plants
ISLAMABAD: The Ministry of Finance and the National Insurance Company Limited (NICL) have so far expressed their inability to offer reinsurance for $1 billion...
Who is to blame for Careem’s criminal data breach?
Over the past one year, Pakistani security researchers warned the ride-hailing giant about the security flaws that could result in a cyber-attack.
Increased economic cooperation between Pak, Russia urged
KARACHI: Sindh Board of Investment’s Chairperson, Naheed Memon on Tuesday emphasized the need for increased economic and regional cooperation and bilateral trade...
ICI Pakistan announces financial results with 16pc growth
KARACHI: The Board of Directors of ICI Pakistan Ltd Wednesday announced unconsolidated Profit after Tax (PAT) for the quarter at Rs1,002 million is 16...
Bank Alfalah denies reports of it being sold
Senior journalist, Syed Talat Hussain had claimed that "Russia" is buying Bank Alfalah.
Apple hires Samsung’s executive for South Korea
LAHORE: Apple has appointed Brandon Yoon, a veteran Microsoft executive and most recently a vice president at Samsung Electronics as the new...