Rayomond Kotwal takes helm as acting CEO, Habib Bank Limited

KARACHI: Habib Bank has notified Rayomond Kotwal as acting chief executive in place of current CEO Nauman Dar who is set for...

Oil prices inch upwards, on expected fall in US crude stocks

SEOUL: Oil markets rose in early Asian trade on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after...

Road projects under CPEC face delays, as Chinese halt funding

ISLAMABAD: Certain road projects under China-Pakistan Economic Corridor (CPEC) have been deprived of funding by China and it will remain suspended till...

Tax exemption spurring IT industry growth

ISLAMABAD: Tax exemption on Information Technology exports, IT services and products until June 2019 is helping to promote IT industry, which will...

CDWP approves 17 projects worth Rs19.2bn

ISLAMABAD: The Central Development Working Party (CDWP) approved 17 projects of worth Rs 19.2 billion and forwarded 7 mega projects of worth...

Pakistan sets 250,000 tons Kinnow export target this year

ISLAMABAD: Keeping in view various issues related to export of kinnow to Russian and Iranian markets during the current year; the export...

Easypaisa facilitates customers with bio-metrically verified swift, secure transactions

KARACHI: Pakistan’s first and foremost branchless banking platform Telenor Microfinance Bank’s Easypaisa is helping its customers make safe and secure financial transactions...

Sindh approves Rs9.3 per kg additional subsidy on sugar export 

KARACHI: Sindh government in a major decision has approved an additional subsidy of Rs 9.3 per kilogram subsidy on the export of...

Govt announces equal distribution of electricity

ISLAMABAD: Minister for Power Division Sardar Awais Ahmad Leghari has declared five thousand two hundred ninety-seven feeders as load shedding free from...

Petroleum crude exports increase by 52.76pc

ISLAMABAD: Country’s petroleum crude exports increased by 52.76 per cent during the first quarter of the current fiscal year (July-September) as compared...

Dehydrating to optimize advantage

Technavio’s market research analyst predicts the global dehydrated food market to grow at a compound annual growth rate (CAGR) of more than...

12.5pc withholding tax on mobile recharge is still exorbitant, says: PTA

ISLAMABAD: Pakistan Telecommunication Authority (PTA) in its annual report claimed withholding tax rate of 12.5pc was exorbitantly high since most of the...

Oil prices drop, remain close to their highest since mid-2015

TOKYO: Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their highest...

Selling is easy, recovery a huge challenge

“Construction is a vast sector and in terms of products produce and segments that we operate in, we are the leaders in...

SMS changed the entire landscape of communication

LAHORE: Seems eons ago when the first text message (SMS) was sent by Engineer Neil Papworth SMS on December 3rd, 1992, when...