Saudi prince backs extension of OPEC production cuts
RIYADH: Saudi Arabia’s crown prince says his country supports extending an agreement by major oil producers to limit output beyond next March.
Crown...
Central bank may intervene in open market to stave off pressure on PKR
KARACHI: As pressure keeps mounting on the rupee in open market due to immense demand of the greenback, there are chances that...
Political strain to keep PSX range bound next week
LAHORE: Pakistan Stock Exchange (PSX) is expected to stay range bound next week as political tensions built up since ousted PM Nawaz...
Exxon, Chevron profits surge as global oil prices rise
DALLAS: Buoyed by higher oil prices, profits are soaring at Exxon Mobil and Chevron.
Exxon said Friday that it earned nearly $4 billion...
China’s central bank to strictly regulate cash lending via internet
BEIJING: China is stepping up its oversight of cash loans offered through the internet amid growing concerns over rapid growth in the...
Technology giants Microsoft, Google and Amazon lead stock rally
NEW YORK: Some of the biggest companies in the world had their best day in years Friday as Microsoft and Alphabet soared...
Pakistani banks ignored as Chinese financing dominates CPEC
LAHORE: Pakistani banks are missing out on the China-Pakistan Economic Corridor (CPEC) boom as Chinese financial institutions fill in the gap of...
KAPCO acquires 17.37pc stake in Hubco for Rs22b
KARACHI: According to a bourse notification sent on Friday, Dawood Hercules Corporation has divested 17.37pc of its stake in Hub Power Company...
SBP signs MoU with the Central Bank of Philippines
KARACHI:Â The State Bank of Pakistan Governor Tariq Bajwa and Philippines Ambassador in Pakistan Daniel R Espiritu on behalf of Bangko Sentral NG...
Fruit, vegetable exports from Balochistan to generate $1bn: PFVA
ISLAMABAD: In an initiative to give better access to fruit and vegetables of Balochistan in international markets, All Pakistan Fruit and Vegetable...
PM Abbasi directs closure of less-efficient power plants
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Friday directed that less-efficient power plants should be closed and oil-based plants should be converted...
USF, IT Ministry to collaborate to promote cottage industry through e-commerce
By: Arham Shoukat
There are many kinds of individuals and organisations in Pakistan who work in the crafts sector. Some people work in...
NBP profits soar up by 73.65pc for third quarter 2017
KARACHI: In a notification sent to the bourse on Friday, National Bank of Pakistan reported its earnings for the first nine months...
Pakistan Petroleum Limited settles court case with AROL
KARACHI: In a notification sent to the bourse on Friday, Pakistan Petroleum Limited (PPL) announced a settlement of a court case with...
GSKCH reports profits increase of 9.40pc for third quarter
KARACHI: In a notification sent to the bourse on Friday, GlaxoSmithKline Pakistan (GSKCH) announced its earnings for the third quarter of 2017.
Sales...