Germany to provide €22.4m for development projects in Pakistan
ISLAMABAD: Pakistan and Germany on Friday signed a financial agreement worth €22.4 million to support existing projects in the areas of renewable energy,...
Stocks shed 343 points amid lack of triggers
KARACHI:Â Trading floor at the Pakistan Stock Exchange (PSX) turned red on Friday owing to lack of positive triggers. Indices kept following the...
Twitter profits surge, user base sees growth
WASHINGTON: Twitter said Friday profits surged while its user base grew in a quarterly update that lifted its share price.
The short-messaging service...
China accuses FedEx of ‘holding up’ Huawei parcels
BEIJING:Â China accused FedEx of deliberately "holding up" the delivery of more than 100 Huawei packages after the US firm misrouted some parcels...
Old habits die hard: Saudi Arabia struggles to end oil addiction
DUBAI:Â When Saudi Aramco was on the verge of a deal last year to buy a stake in an Indian oil refinery, its...
FBR forms cell to ensure timely completion of FATF action plan
ISLAMABAD:Â The Federal Board of Revenue (FBR) has constituted a Financial Action Task Force (FATF) cell to ensure effective and timely completion of...
Samsung’s delayed Galaxy Fold now ready for Sept launch
SEOUL: Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch...
FBR refutes media reports regarding exorbitant WHT on rickshaws, bikes
The Federal Board of Revenue (FBR) on Thursday strongly refuted reports that the government has imposed withholding taxes (WHT) to the tune...
Japan to provide Rs478m grant for human resource development in Pakistan
Under the grant programme, Japan will offer scholarships for master and doctoral degrees to the young and capable govt officials
ISLAMABAD:Â Economic Affairs...
India’s auto parts makers warn of 1 million job cuts if slowdown continues
NEW DELHI: India's auto parts industry could be forced to slash a fifth of its 5 million or so workforce if the...
Total plans $5bn in asset sales as second-quarter profit falls
PARIS: French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as...
Stocks stay flat in range-bound trading
KARACHI:Â The Pakistan Stock Exchange (PSX) ended flat on Thursday amid a range-bound and volatile trading session.
Continuing with the buying trend, foreign investors...
OGDCL discovers oil and gas reservoir in Sindh
The Oil and Gas Development Company Limited (OGDCL) has revealed the discovery of oil and gas reservoir in district Sanghar, Sindh.
According to...
Facebook to pay record $5bn US fine over privacy violations
WASHINGTON:Â Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media...
Telenor Microfinance Bank appoints Mudassar Aqil as CEO
The Board of Directors (BOD) of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank's new chief executive officer. He...