Green development is key to ‘Belt and Road’ initiative: Minister
BEIJING: Green development is the only way to achieve a promising future in the cooperation and social development of countries involved in...
Car manufacturers suggest tax on resale of new cars to discourage illegal premium
ISLAMABAD: Despite various attempts by the government, car manufacturing companies have failed to end the menace of ‘on money’, an illegal selling fee...
‘Exhausted’ Toys ‘R’ Us suppliers weigh options as huge retailer shuts
NEW YORK: When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid...
Coca-Cola, US State Department to use blockchain to combat forced labour
NEW YORK: Coca-Cola and the United States (US) State Department along with two other companies said on Friday they are launching a...
Russia’s central bank contemplating injecting $17 billion in two bailed-out banks
MOSCOW: Russia’s central bank is considering pumping more than 1 trillion rubles ($17 billion) into two banks it first bailed out last...
U.S factory output crossed 1.2 percent in February
WASHINGTON: U.S. factory output jumped last month, led by big gains in the production of cars, computers and furniture.
The Federal Reserve said...
Brent crude touches two-week highs, as oil prices rise
NEW YORK: Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock...
Dawood Hercules concludes divestment of 15.7 percent stake in HUBCO
LAHORE: In a notification sent to the Pakistan Stock Exchange by Dawood Hercules Corporation Limited on Friday revealed divestment of its 15.7...
Pakistan’s cotton production plummeted in last 25 years
ISLAMABAD: A report prepared by a committee setup by the incumbent government has revealed the country’s cotton production has plummeted in last...
Exxon Mobil, Energas planning to setup 3rd LNG terminal in Port Qasim
ISLAMABAD: Exxon Mobil in partnership with a consortium of Pakistan’s biggest businesses is planning to build Pakistan’s third import liquefied natural gas...
LSM posts 9.44 percent year-on-year growth
KARACHI: Data released by the Pakistan Bureau of Statistics on Friday revealed a 9.44 percent year-on-year rise during January in large-scale manufacturing...
Power ministry orders inquiry against overbilling
ISLAMABAD: Ministry of Power Division has ordered an inquiry against Hyderabad Electric Supply Company (HESCO) Chief Executive on sending high electricity bills...
Industry-academia linkages are indispensable to commercialise research: VP FPCCI
ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President (VP) Waheed Ahmad welcomed the delegation of Jinnah University for...
Pakistan’s foreign exchange position stable: spokesman finance division
ISLAMABAD: The Finance Division Spokesman has said that the foreign exchange position of Pakistan is stable and the news titled "Pakistan's net...
Businessmen will soon be allowed to invest in Australia: Adamson
ISLAMABAD:Â Australian High Commissioner to Pakistan in Islamabad, Margaret Adamson has said a policy will soon be announced regarding the issuance of...