Germany probes Audi over South Korea ‘fraud’: report Â
BERLIN:Â German prosecutors are investigating whether Audi fraudulently obtained authorisations for some cars in South Korea by falsifying chassis numbers and test records,...
Govt, Meezan Bank working on a 10-year Shariah-compliant bond
LAHORE:Â The Government of Pakistan and Meezan Bank are working together to introduce a Shariah-compliant version of the 10-year bond, revealed an article...
Car sales drop 42pc in July
LAHORE: Auto sales witnessed a significant decline of 29pc in the first month (July) of the fiscal year 2019-20, as compared to...
Real estate investment trust’s unable to seek funds from PSX due to high taxation regime
Pakistan Stock Exchange (PSX) has seen a dearth of listings from the real estate sector despite construction booming in the country. This...
Senate approves setting up of tribunal to challenge Nepra decisions
ISLAMABAD: A key legal change has been approved by a senate body to clip the powers wielded by National Electric Power and...
PM vows to economically uplift country by bolstering exports
ISLAMABAD: Prime Minister Imran Khan has vowed to economically uplift the country by bolstering exports and attracting foreign investment.
He was addressing a...
Asian shares open firm, oil down as Syria fallout seen limited
SYDNEY: Share markets started firmer in Asia on Monday amid relief U.S.-led strikes on Syria looked like being a one-off event that...
PM inaugurates incubator for KP startups
KARACHI: Pakistan Telecommunication Company Limited (PTCL) and LMKT, an award-winning full-service technology company based out of Islamabad, announced the formal inauguration of...
Finance minister chairs meeting on measures against currency smuggling
ISLAMABAD: Finance Minister, Dr Shamshad Akhtar here Tuesday chaired a meeting to discuss measures against cross-border illegal transportation /smuggling of currency.
The minister at the outset...
Low financing to SMEs despite cut in policy rate: APBF
KARACHI: All Pakistan Business Forum has urged the commercial banks to improve its financing for small and medium enterprises (SMEs) sector which...
Govt officially appoints Arif Usmani as NBP CEO
Mr Usmani had been serving at Mashreq Bank and his previous experience includes stints as global head of wholesale banking at Abu Dhabi Islamic Bank PJSC, managing director and country officer of Citibank NA Pakistan.
Multi-year tariff structure would be financially constraining says: K-Electric
Karachi: On the second day of the scheduled hearing by National Electric Power Regulatory Authority (Nepra) into K-Electric’s (KE) review motion, the...
SEMC to face water extraction difficulties at Thar coal mining site
Islamabad:Â After reaching 90 metres depth at Thar coal mining site, the Sindh Engro Coal Mining Company (SECMC) encountered first water aquifer, which...
Byco commissions country’s largest isomerisation plant
KARACHI: Byco's wholly owned subsidiary, Byco Isomerisation Pakistan (Private) Limited has commissioned the country's largest isomerisation plant.
Byco has employed a superior technology...
Govt prepares to auction last 4G spectrum
The government is going to auction the last spectrum of 4G mobile internet at a minimum price of over $210m in May-June,...