Chinese company to invest $20m in Pakistan’s services sector
Timesaco will launch a taxi service 'Buraq', delivery service 'Fema' and freight service 'Cargo+'
ISLAMABAD:Â Chinese investors have worked out a comprehensive business...
Mobile phone imports dip 11pc to $755.5m
ISLAMABAD:Â The imports of mobile phones into the country decreased by 10.87pc during the Financial Year 2018-19, as compared to the corresponding period...
HBL posts Rs9.9bn profit before tax in first half 2019
HBL on Wednesday declared a consolidated profit before tax of Rs9.9 billion for the six months ended June 30, 2019, with earnings...
US, China to hold trade talks early next week
WASHINGTON:Â US negotiators will visit China early next week for trade negotiations, US Treasury Secretary Steven Mnuchin told CNBC in an interview on...
Bears return as KSE-100 drops 314 points
KARACHI:Â After posting gains for two consecutive sessions, the Pakistan Stock Exchange (PSX) once again went under the control of bears, as the...
Global oil market in glut, but not a big enough one for OPEC
LONDON/DUBAI: OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts,...
Shahbaz Jameel appointed as ZTBL president
In pursuance of the Federal Cabinet’s decision, Muhammad Shahbaz Jameel, a senior banker, has been appointed as the president & CEO of...
Nissan warns of profit plunge, set to unveil 10,000 job cuts
YOKOHAMA: Nissan Motor Co Ltd warned on Wednesday that first-quarter profit tumbled around 90pc, a day before it is expected to announce...
ADB approves $50m additional contribution to expand CGIF’s operations
ISLAMABAD:Â The Asian Development Bank (ADB) has approved a $50 million additional capital contribution to support the guarantee operations of the Credit Guarantee...
Sindh govt approves two mega projects for Karachi
Projects include establishment of ‘Karachi Marble City’ and a state-of-the-art technology park in NED University
KARACHI:Â Sindh government has approved two mega industrial...
PTC contributed Rs103.5bn to national exchequer in FY19
'With fiscal measures approved in budget 2019-20, illicit cigarette trade may increase from its existing 30pc share of the market'
ISLAMABAD:Â The Board...
IMF lowers global growth forecasts as trade, Brexit uncertainties persist
WASHINGTON: The International Monetary Fund on Tuesday lowered its forecast for global growth this year and next, warning that more US-China tariffs,...
Oil slips to around $63 as Iran concerns fade for now
LONDON: Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East...
Pharmaceutical exports increase 8pc to 211.6m
ISLAMABAD:Â The exports of pharmaceutical products from the country during the Financial Year 2018-19 grew by 8.6pc as compared to the corresponding period...
Trump’s decision to enhance trade relations with Pakistan lauded
'US can capitalise on Pakistan's vast pool of skilled human resource, a large agrarian base, tremendous tourism potential, diverse mineral wealth,...