Oil falls on storage woes in virus-hit market
US oil prices fell heavily Monday on renewed concerns over storage capacity as the coronavirus throttles demand, even as producers start slashing...
Irsa estimates 31 percent water shortage during early Kharif season
ISLAMABAD: Indus River System Authority (IRSA) has issued calls for the construction of two dams to counter the worsening water shortage which...
Pakistan’s CPI inflation surges by 5.8pc in July 2018
KARACHI: The country’s Consumer Price Index (CPI) inflation surged by 5.8 per cent on a year-on-year basis (YoY) in July 2018 as compared...
Banking industry not being utilised for importing power machinery under CPEC: SBP’s quarterly report
With the surge of borrowings from China under the China-Pakistan Economic Corridor (CPEC), the State Bank of Pakistan (SBP) has admitted that...
Meezan Bank profits rise 13.5 percent for FY 2017
LAHORE: In a bourse notification filed Wednesday, Meezan Bank Ltd announced its financial results for the year ended December 2017, posting profit...
Pakistan, Russia sign $10bn energy deal
ISLAMABAD:Â Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
Money laundering greatest challenge for developing countries: PM Khan
BEIJING:Â Prime Minister Imran Khan on Sunday said that the advent of money laundering was the greatest hindrance to the growth of developing...
BankIslami restores e-banking services
KARACHI:Â BankIslami on Monday announced that its payment system has been successfully restored and was running absolutely secured.
"All of the bank's services can...
Banks’ deposits grow 8.79pc in January
ISLAMABAD:Â The bank deposits of scheduled banks have surged by 8.79pc, as it increased from Rs12,002,239 million in January 2018 to Rs13,057,570 million...
Eurozone industry slips into contraction
BRUSSELS:Â Eurozone manufacturing slipped into contraction in February, as an industrial slump in Germany continued to weigh down on the European economy, a...
Govt awards licences to 3 companies for oil, gas exploration
Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi onTuesday, informed the Senate that the government had granted licences to three companies...
Saudi investors invite PFC to form JVs in furniture sector
ISLAMABAD:Â Saudi investors, in the wake of their recent visit to Pakistan as members of Crown Prince Muhammad bin Salman's entourage, have invited...
Car manufacturers paid Rs2bn to consumers in one year, NA told
ISLAMABAD: The car manufacturers have paid around Rs2 billion to consumers in the last one year owing to late delivery of vehicles.
This was stated...
FTA with China to help boost Pakistan’s textile exports: Dawood
'Pakistan will avail duty-free market share from China, equivalent to the share enjoyed by the Association of East Asian Nations'
ISLAMABAD:Â Adviser to...
Pakistan Railways launches mobile app ticketing service
Train passengers can now use a mobile phone app to obtain tickets in the unreserved category, as the Pakistan Railways has launched...