Citibank foresees Pakistan continuing its growth trajectory aided by CPEC
KARACHI: After ceasing its commercial banking operations in 2012, Citibank says it expects Pakistan’s economy to continue its growth trajectory in wake...
Exxon Mobil merging oil refining, marketing divisions to boost profits
TEXAS: Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring...
OGRA starts consultative sessions for review of existing gas tariff scheme
ISLAMABAD: Oil and Gas Regulatory Authority in partnership with World Bank (WB) has launched a series of consultative sessions across Pakistan to...
Wall Street regains composure after initial slide
NEW YORK: Wall Street took investors on a turbulent ride Friday as stock indexes veered into a steep slide that knocked 350...
Successful bond float could help to rein in rupee depreciation
KARACHI: Pakistan’s successful bond float of $2.5 billion from international debt markets has raised prospects of pressure easing on the rupee, which...
Saudi Arabia’s $300 billion privatization program hits snags
RIYADH: Saudi Arabia’s $300-billion privatization program was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his...
OPEC cartel decides to extend production cut till end-2018
VIENNA: The OPEC cartel and a group of allied oil-producing nations agreed Thursday to extend crude output cuts until the end of...
Pakistan holding talks with France, Italy & Spain for LNG supplies
ISLAMABAD: Pakistan is in talks to import liquefied natural gas (LNG) from France, Italy and Spain, a senior Pakistani source said, raising...
PTCL, JAZZ top consumer complaint chart: PTA
ISLAMABAD: PTCL leads the consumer complaint chart with 1,267 complaints received during October, JAZZ (Mobilink+Warid) stands at the second position as a...
US Embassy to lead Pakistani delegation on power generation
ISLAMABAD: US Embassy Economic Counselor William Laitinen will be leading a delegation of the Pakistani government and business officials to participate in...
Pakistan produces unfit tobacco for manufacturing cigarettes
ISLAMABAD: As the lawmakers complain that manufacturing of substandard cigarette is causing an increase in mouth cancers among smokers in the country,...
Banks to observe holiday on Friday
ISLAMABAD: Following the announcement of the public holiday by the federal government, State Bank of Pakistan (SBP) and other financial institutions will...
Google’s new app ‘Datally’ to make people more mobile data savvy
KARACHI: Google has just launched its new ‘Datally’ in Pakistan, the app’s most important feature is to save ‘treasured’ mobile data but...
PSO suspends fuel supply to PIA in Karachi and Islamabad, later restored
KARACHI: Pakistan State Oil (PSO) on Thursday suspended fuel supply to the national flag carrier Pakistan International Airlines (PIA) in Karachi and...
Chinese manufacturing activity surges in November
BEIJING: Chinese manufacturing activity accelerated in November, a survey showed Thursday, adding to signs of a pickup in global and domestic demand.
The...