CDWP approves five projects worth Rs11bn
ISLAMABAD:Â The Central Development Working Party (CDWP) on Wednesday approved five projects worth Rs11 billion and recommended two projects worth Rs25 billion to...
Bears return as KSE-100 drops 264 points
KARACHI:Â Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on Wednesday, as the indices headed south as soon as the session commenced. Foreign...
Footwear exports surge 15.7pc in two months FY20
ISLAMABAD: The footwear exports from the country witnessed an increase of 15.75pc during the first two months of the current financial year...
Pearl-Continental Hotel to open in Hyderabad soon
To provide premium hospitality in a traditional environment, the Hashoo Group will be opening a Pearl-Continental Hotel in Hyderabad. For this, the...
German prosecutors indict top VW bosses over emissions scandal
FRANKFURT: German prosecutors have accused Volkswagen’s CEO of holding back market-moving information on rigged emissions tests four years ago, raising the prospect...
‘Pakistan must seek direct access to US markets’
ISLAMABAD:Â The Pak-US Business Council has hoped that Prime Minister Imran Khan's ongoing visit to the United States (US) would bring both the...
Byco Petroleum reports Rs1.9bn gross profit for FY19
Byco Petroleum Pakistan Ltd (BPPL), the country's leading oil company, has announced its financial results for the year ended 30 June 2019.
The...
Trump criticises China’s trade practices at UN, will not take ‘bad deal’
UNITED NATIONS: US President Donald Trump delivered a stinging rebuke to China’s trade practices on Tuesday at the United Nations General Assembly,...
PBS explains new mechanism to calculate inflation
Details of the new mechanism for mapping the Consumer Price Index (CPI) have been issued by the Pakistan Bureau of Statistics (PBS),...
FBR chief assures CPEC committee of complete investor facilitation
ISLAMABAD:Â The Parliamentary Committee on China Pakistan Economic Corridor met on Tuesday (in-camera) at the Pakistan Institute for Parliamentary Services (PIPS) to discuss...
KSA waives fees on expats working in industrial sector
DUBAI:Â Saudi Arabia has waived fees on expatriate workers employed in the industrial sector, one of the main economic segments eyed for development,...
Saudi Aramco IPO unlikely to happen this year after oil attacks
DUBAI/LONDON/RIYADH:Â Saudi Arabia is unlikely to list its state-owned oil giant Aramco this year after attacks this month on its facilities, two sources...
Daraz launches ‘DExports’ programme to facilitate local traders
In collaboration with Alibaba, Daraz has launched 'DExports', a programme that will give local sellers the opportunity to list their products on...
KSE-100 closes in green amid volatile activity
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Tuesday, with the indices swinging wildly in both directions before...
China traders cut back Iran iron ore purchases ahead of tariff hike
BEIJING:Â China has taken fewer shipments of iron ore from Iran over August and September, according to Refinitiv Eikon data, as additional export...