BMW profits dented by electric vehicle investment costs
FRANKFURT: German high-end carmaker BMW on Thursday reported slumping second-quarter profits, with pricey investment in electric cars sapping the bottom line, but...
Chinese billionaire indicted in US for alleged $1.8bn aluminum tariff evasion
WASHINGTON/NEW YORK: A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded...
IFC to invest $2.5m to support tech startups in Pakistan
ISLAMABAD: The International Finance Corporation (IFC), a member of the World Bank Group, will invest $2.5 million in Sarmayacar, one of the first...
‘Govt committed to facilitating private sector development’
ISLAMABAD: Planning, Development & Reform Minister Makhdoom Khusro Bakhtiar has said that the incumbent government is committed to facilitating private sector development...
Asad Umar warns of peak inflation in next four months
Former finance minister Asad Umar said late Tuesday that according to his assessment inflation rates would peak in the next two to...
Huawei still number two smartphone seller despite US sanctions
Samsung's market share increases to 22pc, Huawei to 17pc and Apple 11pc
WASHINGTON: Huawei remained the number two global smartphone vendor in the...
OGRA bans use of CNG, LPG in school vans, PSVs
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has imposed a complete ban on the use of Compressed Natural Gas (CNG) and Liquefied...
Traders announce to hold four countrywide strikes in Aug
LAHORE: All Pakistan Anjuman-e-Tajran (APAT) on Wednesday announced to hold four countrywide strikes against the imposition of new taxes by the government.
In the...
Relief for common man as ECC revises gas tariff for tandoors
Gas prices for tandoors will be reverted back to the position of 30th June
Committee okays imposition of 10pc regulatory duty...
KSE-100 ends losing streak, closes 280 points higher
KARACHI: The Pakistan Stock Exchange (PSX) ended its losing run on Wednesday as the indices went north post noon. Foreign investors closed...
Latest US-China trade talks ‘constructive’, Beijing says
SHANGHAI: US and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as “constructive”, including discussion...
Capital One shares drop on questions over hack
Capital One Financial Corp’s assurances that a major data breach would have a limited impact on customers or profits failed to convince...
Abbas Daneshvar Hakimi appointed as PICL chief
'Pakistan and Iran will sign the much-delayed MoU on maritime search and rescue operations'
ISLAMABAD: PAIR Investment Company Limited (PICL) managing director...
FPCCI lauds govt’s decision to construct cargo airport at AIIC
LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Engineer Daroo Khan Achakzai on Tuesday hailed the announcement of the government...
Govt tightens screws on money laundering
NA body approves bill under which accused can get 10-year imprisonment and fine of Rs5m
Investigating agencies can arrest suspects without...