US company mulls investing $100m in Gilgit-Baltistan
ISLAMABAD:Â A delegation of True North, a US-based investment company, has expressed its keen interest to invest in the tourism sector of Gilgit-Baltistan.
A...
Govt likely to lay off more than 30,000 employees before June 2020
ISLAMABAD: The government has been mulling to lay off more than 30,000 employees of some 20 state institutions before June 2020, apparently...
PSX lists Rs200bn energy Sukuk
ISLAMABAD:Â Pakistan Energy Sukuk-I (PES-I) issue of Rs200 billion got listed at the Pakistan Stock Exchange (PSX) on Thursday. PES-I is the largest...
India’s biggest airline reports $150m loss as costs surge
BENGALURU:Â India's biggest airline IndiGo reported a bigger loss in the September quarter, hurt by higher expenses and as the aviation industry grapples...
Bullish momentum prevails as index closes 322 points higher
KARACHI:Â Extending the rally from the previous session, the Pakistan Stock Exchange (PSX) closed on Thursday with decent gains.
Foreign investors turned once again...
Cement exports drop 14pc in first quarter FY20
ISLAMABAD: The export of cement during the first quarter of the current financial year (FY20) witnessed a decline of 13.94pc as compared...
Pakistan jumps 28 places in WB’s Ease of Doing Business Index
ISLAMABAD:Â Pakistan has jumped up 28 places on the World Bank's (WB) Ease of Doing Business Index, besides securing a place among the...
Zuckerberg open to scaling back Libra plan
WASHINGTON DC:Â Facebook chief executive Mark Zuckerberg opened the door on Wednesday to scaling back plans for its digital coin Libra if it...
‘Risk of contagion in India’s financial sector rising’
MUMBAI: There is a rising risk of contagion in India’s banking sector with many finance companies having lost more than half of...
German companies invited to invest in Pakistan
ISLAMABAD:Â Adviser to Prime Minister on Commerce Abdul Razak Dawood on Wednesday invited the German investors to invest in the export-oriented industries so...
Pakistan committed to achieving all FATF targets by next year: minister
ISLAMABAD: Economic Affairs Minister Hammad Azhar said on Wednesday that Pakistan was committed to completing all the points in the action plan...
PM says COAS met businessmen ‘after his permission’
Prime Minister Imran Khan has said that Chief of Army Staff Qamar Javed Bajwa had met the businessmen after his permission.
Speaking to...
As PM hails economic team, large-scale manufacturing continues to shrink
ISLAMABAD:Â Contrary to Prime Minister Imran Khan's claims that his "economic team has turned around the national economy", the large-scale manufacturing (LSM) in...
‘Govt’s reforms to strengthen economy, boost investors’ confidence’
ISLAMABAD: Planning, Development & Reform Minister for Makhdoom Khusro Bakhtiar has said that the incumbent government's recent reform measures will strengthen the...
FBR proposes imposition of turnover tax in SEZsÂ
ISLAMABAD:Â The Federal Board of Revenue (FBR) has proposed the imposition of a turnover tax on those investing in Special Economic Zones (SEZs),...