Air taxi startup Lilium expands production as prototype exceeds 100km/h
BERLIN: A prototype flying taxi has achieved speeds in excess of 100 km/h (62 mph), its German developer Lilium said on Tuesday,...
Shanghai Electric to invest $4bn in Thar power plants
Shanghai Electric, a Chinese company, will invest $4 billion for the establishment of two more 1,320MW power plants at Thar Coal Block-I,...
Govt fails to devise revival strategies for PSM, USC
ISLAMABAD:Â Although the Pakistan Tehreek-e-Insaf (PTI) leaders have been criticising the previous governments for "failing to devise a strategy to revive the loss-making...
Steel manufacturers demand ban on import via land routes
ISLAMABAD: As the smuggling of steel items continues at Iran and Afghan borders under the garb of some "certain rules", the steel...
India to build solar, wind farms along Pakistan border
MUMBAI:Â India plans to build a string of renewable energy projects along its sun-baked, wind-whipped western border, officials said on Monday, as New...
Textile exports up 3pc to $3.37bn in Q1 FY20
ISLAMABAD:Â Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the...
‘Cement sales decline 50pc to 70,000 tonnes per day’
LAHORE: The sale of cement in the country has declined by more than 50 per cent to almost 70,000 tonnes per day...
‘Canadian companies mull investments in Pakistan’s energy sector’
ISLAMABAD:Â Canadian High Commissioner to Pakistan Wendy Gilmour said on Friday that Canadian companies are looking forward to investing in Pakistan, especially in...
Aramco makes relatively little from foreign refining
LONDON: Documents from Saudi Aramco show that the world’s largest oil firm earns only a limited proportion of its profit from foreign...
PLTL annuls LNG terminal agreement with PGPCL
ISLAMABAD: Pakistan LNG Terminals Limited (PLTL) has terminated the operation and service agreement (OSA) of the LNG re-gasification terminal with Pakistan Gas...
Food imports down 24pc, exports up 14pc in Q1 FY20
Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas...
Exporters urged to tap China’s gemstone market
LAHORE:Â Pakistan-China Joint Chambers of Commerce and Industry (PCJCCI) President Zarak Khan said on Thursday that Pakistan has the potential to export quality...
MCB profits surge 14pc to Rs16.29bn
The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha on Thursday to review the performance...
Committee formed to probe irregularities in IESCO
ISLAMABAD: After receiving a large number of complaints, the Ministry of Energy (Power Division) secretary has constituted a four-member committee to probe...
Uniform rate for kinnow to jeopardise exports: PFVA
ISLAMABAD:Â The Punjab government (Sargodha Division), while abolishing the classification of Kinnow as per its quality, has fixed a uniform rate of Rs1,000...