Hakim Said’s granddaughter takes charge of Hamdard

Fatema Munir Ahmed will serve as the new managing director and CEO of Hamdard Pakistan KARACHI: Fatema Munir Ahmed — granddaughter of Hakim...

Trump warns China not to retaliate against US trade tariffs

WASHINGTON: President Donald Trump on Monday warned China not to retaliate after Washington raised punitive duties on $200 billion worth of Chinese imports...

Car sales decline 14pc in April

Over 17,000 passenger cars were sold during the month of April 2019, according to a Pakistan Automotive Manufacturer's Association (PAMA) report. The...

PSX plunges 816 points as IMF deal fails to trigger positivity

KARACHI: Trading at the Pakistan Stock Exchange (PSX) started on a bullish note on Monday amid the perception that the much-awaited announcement regarding...

Two Saudi oil tankers damaged in ‘sabotage attack’ off UAE

RIYADH: Two Saudi oil tankers were damaged in a "sabotage attack" off the United Arab Emirates coast, the official Saudi Press Agency reported...

Bitcoin holds above $7,000 after hitting nine-month high

LONDON: Bitcoin hovered above $7,000 on Monday, close to nine-month highs, as the biggest cryptocurrency’s 2019 rally gathered steam. Bitcoin was last up...

Govt urged to curb smuggling of steel via land routes

'Import of steel items should be allowed only from the sea route as it will be easier for customs to control...

Plastic imports decline 6.91pc in nine months FY19

ISLAMABAD: The import of plastic materials into the country during the first nine months of the current fiscal year has decreased by 6.91...

Uber tumbles 9pc in rocky stock market launch

Uber Technologies Inc’s shares fell nearly 9pc in their New York Stock Exchange debut on Friday, marking a rocky start for one...

Pakistan growth to hit eight-year low as IMF bailout looms

National Accounts Committee has forecast a mere 3.3pc growth in the current fiscal year against a projected target of 6.2pc KARACHI: Pakistan's growth...

PSX sheds another 171 points as investors await economic clarity

KARACHI: The Pakistan Stock Exchange (PSX) continued with its downward trend on Friday, as indices kept shedding gains amid thin turnover. Putting an...

UK economy expands on Brexit stockpiling

LONDON: Britain's economy grew by 0.5pc in the first quarter, boosted by companies stockpiling ahead of Brexit, official data showed on Friday. Gross domestic...

PSX sinks further amid economic uncertainty, sheds 596 points

KARACHI: Bears took charge of the Pakistan Stock Exchange (PSX) once again on Wednesday, as indices continued to sink further amid lack of...

Hackers steal $41mn worth of bitcoin from Binance cryptocurrency exchange

HONG KONG: Hackers stole bitcoin worth $41 million from Binance, one of the world's largest cryptocurrency exchanges, the company said on Wednesday,...

Pakistan’s exports to Western Europe increase to $2.56bn

ISLAMABAD: The country's exports to Western European countries have increased by 1.32pc to $2.56 billion in the first three quarters (July-March) of the...