AGP says BankIslami-KASB bank merger resulted in Rs3.5 billion loss to national exchequer

LAHORE:  A recently released report of the Auditor General of Pakistan (AGP) office has again alleged the BankIslami-KASB bank merger caused around...

Japan on the road to cryptocurrency licensing

TOKYO: Four years after popular Tokyo-based bitcoin exchange Mt Gox was hacked and went bankrupt, the case still casts a shadow over...

Bahrain discovers biggest oil field in its history

DUBAI: Bahrain on Sunday announced it has discovered the largest oil and gas field in the history of the small kingdom, which unlike...

Water scarcity could topple all economic efforts in near future

ISLAMABAD: To ensure overcoming water shortage and achieving sustainable economic growth, the Islamabad Chamber of Commerce and Industry (ICCI) Saturday called upon the...

Electric fan production rises 14.91pc during first seven months this year

ISLAMABAD: Production of electric fans in the country increased by 14.91 per cent during the first seven months (July-Jan) of the year...

Tobacco, cement, cotton production increases from last year

ISLAMABAD: Cement production in the country, witnessed a growth of 12.13 per cent during the first seven months of the current fiscal year, as...

Pakistan not ready to reap full benefits of CPEC

LAHORE: The commander of Lahore corps Lieutenant General Aamer Riaz, stressed the need to remodel institutions in order to get the maximum benefits...

Petrol, diesel prices slashed by Rs2 for April 2018

ISLAMABAD: The government on Saturday announced a reduction in prices of petrol and diesel by Rs2.07 and Rs2.00 per litre, respectively, for...

Market unshaken despite external woes, gains 13pc QoQ

LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent)...

KCCI urges lawmakers to ensure uninterrupted electricity to industrial zones

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the current spell of unannounced load...

Pakistan’s air traffic growth far below IATA’s projection

KARACHI: Far from near double-digit growth projection by International Air Transport Association (IATA), Pakistan’s domestic air traffic increased by 3 per cent...

Karachi looks towards infrastructure projects to boost economic growth

KARACHI: With security threats on the wane, Pakistan is turning its attention to accelerating economic growth by unsnarling traffic in its big...

Supreme court halts Sindh Bank-Summit bank merger citing irregularities

KARACHI: The Supreme Court of Pakistan on Saturday stopped the merger of Sindh Bank and Summit Bank till further orders and issued notices...

China’s manufacturing sector posts stronger than expected growth in March

BEIJING: Growth in China’s manufacturing sector picked up more than expected in March as authorities lifted winter pollution restrictions and steel mills...

US crude production rose by 6,000 barrels per day in January: EIA

WASHINGTON: U.S. crude production rose by 6,000 barrels per day (bpd) in January to 9.964 million barrels per day, the Energy Information...