Petroleum Division seeks up to 200pc hike in gas prices for domestic consumers
'The hike in gas prices, if approved without any changes, will put an additional burden of Rs175bn on consumers'
The Petroleum Division has sought...
Stocks dip 281 points amid economic concerns
KARACHI: The Pakistan Stock Exchange (PSX) experienced a volatile session on Tuesday amid a dearth of market triggers, the possibility of FATF blacklisting, lack of...
FedEx sues US government over shipment restrictions
NEW YORK: American logistics giant FedEx has sued the US government, saying Washington's restrictions on exports and imports due to growing trade disputes and sanctions...
Outgoing FATF chief ‘hints’ at blacklisting Pakistan
Marshall Billingslea says with regard to an action plan agreed in June 2018, Pakistan is 'lacking in almost every respect'.
Outgoing Financial Action Task...
BMW vows to rev up electric car rollout
MUNICH: German high-end carmaker BMW said on Tuesday it would accelerate its plans to build new electric models, as the whole industry comes under pressure...
‘Crackdown against sugar mafia to be launched soon’
ISLAMABAD: Minister of State for Revenue Hammad Azhar said on Monday that although the government imposed a tax of only Rs3.30 per kg of sugar,...
Steel industry cries foul over ‘unfriendly budget’
ISLAMABAD: As the local steel industry was struggling to keep up with the regional competitors, the budget presented by the incumbent government would further hamper...
PSX plunges 653 points amid low turnover
KARACHI: Stocks bled on the first trading session of the week, as the KSE-100 index benchmark nosedived over 700 points intraday amid low market turnover.
Foreign...
Qatar announces $3bn investment in Pakistan
'Following this investment, the economic partnership between Qatar and Pakistan will reach $9bn'
ISLAMABAD: Following the two-day official visit of Qatar Emir Sheikh Tamim bin...
Gold reaches record high at Rs79,200 per tola
The value of gold in Pakistan has hit a record high, as the per tola price of the yellow metal reached 79,200 on Monday...
Abraaj fleeced investors to plug shortfalls
Abraaj's legitimate business activities 'could not produce and maintain the cash flow and cash flow reserves necessary to conduct basic, day-to-day functions'
The indictment...
Honda jacks up car prices by up to Rs425,000
Honda Atlas Cars (Pakistan) Limited (HACPL) has increased the rates of its cars by up to Rs425,000, according to a statement issued by the...
Petrol price likely to be hiked by Rs5 per litre
A further hike of Rs5 in the price of petrol is expected in view of the devaluation of Pakistani Rupee and an increase in...
PSX ends 129 points higher amid positive sentiment
KARACHI: Bullish sentiments prevailed at the Pakistan Stock Exchange (PSX) on the last trading session of the week.
Foreign investors were once again the net sellers...
POGEE 2019 to provide solutions to prevalent energy crisis
KARACHI: While inaugurating the 17th International Oil and Gas Exhibition (POGEE) at the Karachi Expo Centre, Karachi Chamber of Commerce and Industry (KCCI) President Junaid...
