World needs Huawei’s ‘advanced’ technology, founder of Chinese telecom giant says
The normally media-shy Huawei founder has been forced to step into the limelight in recent months as the company has come under increasing pressure over espionage concerns and the U.S.-led campaign to persuade other countries to ban its technology
Govt urged to reduce inconsistencies between taxes on input, output in fertilizer industry
ISLAMABAD: The government has been urged to decrease taxes on utilization of gas as feedstock to end inconsistency between taxes on input...
Businessmen urged to cash trade potential of Uzbekistan, Mexico markets
Pakistan’s Ambassador to Uzbekistan Dr Irfan Yusuf Shami and Ambassador to Mexico Tasawar Khan visited the Islamabad Chamber of Commerce and Industry...
Saudi Aramco’s profit plunges, sees signs of oil market recovery
DUBAI: State oil giant Saudi Aramco’s profit plunged 73 per cent in the second quarter of the year, as a slump in...
Sindh, Punjab faced major water shortage during October-March
ISLAMABAD: The Indus River System Authority (IRSA) said on Monday, Punjab faced 31 percent water shortage, Sindh 32 percent, Balochistan 7 percent...
LSM output declined 16.08 percent in April compared to March
On a monthly basis, food beverages and tobacco posted 2.97 percent growth, auto sector 1.64 percent, non-metallic mineral products including cement 1.51 percent, coke and petroleum products 1.12 percent
SBP presents draft law to parliamentary panel for curbing money laundering
ISLAMABAD: To rein in money laundering, State Bank of Pakistan has suggested a legal amendment which would permit law-enforcing agencies to question...
Oil prices rise, buoyed by Iran sanction worries
London Brent crude for new July delivery was up 21 cents at $74.90.
Current account deficit can be contained in coming months, says: SBP
ISLAMABAD: The State Bank of Pakistan voiced hope the current account deficit could be reined into a manageable level in the next...
SBP foreign exchange reserves decrease 2.2pc in a week
KARACHI:Â Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $13.23 billion on January 26, down 2.2 per cent from...
Internet, mobile banking witness astounding growth during 2nd quarter FY 2017-18
ISLAMABAD: A remarkable growth of internet and mobile banking has been witnessed as banking services through advanced and convenient channels continue to grow.
Electronic banking transactions posted a double-digit...
US allows Chevron to continue Venezuelan operations till April 22
CARACAS: The US Treasury Department on Saturday renewed a license allowing Chevron, the last US energy company operating in Venezuela, to continue...
China denies asking firms for foreign data as TikTok row heats up
Pressure is building on the massively popular video-sharing app -- owned by the Chinese firm Bytedance -- to obtain new ownership or lose access...
Govt finalising scheme to support SMEs: minister
ISLAMABAD: The government is finalising a scheme to support small and medium industries across all sectors and it would be announced shortly,...
Oil slides towards weekly loss on excess supply worries
LONDON:Â Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as...