WTO sides with US in dispute over China grain import tariffs
GENEVA:Â The World Trade Organisation on Thursday largely sided with the United States in its Obama-era case against Beijing over Chinese restrictions on...
Another Abraaj executive arrested in London
A third former Abraaj Group executive has been arrested in London following last year’s collapse of the largest private-equity firm in emerging...
Nestle cuts hundreds of Pakistan staff amid global restructure: Bloomberg
The company struggles with its slowest sales growth in 18 years
Nestle SA's Pakistan unit has cut eight per cent of its...
Economic uncertainty puts sale of 1,700cc and above cars in jeopardy
KARACHI: The sale of 1,700cc and above cars has dropped considerably after media reports that the government would withdraw its decision of imposing 10pc...
Govt mulls relocating deposits worth Rs1.9tr
Speculations suggest that IMF has advised the govt to do so in order to avoid the alleged misuse of govt funds
KARACHI:Â The...
PSX manages positive close after volatile trading
KARACHI:Â The Pakistan Stock Exchange (PSX) started the day on a bullish note, largely due to clarification from the central bank that the...
China says US trade agreement not yet settled
BEIJING: China said Thursday there is "still much work to finish" on the text of a trade agreement with the United States.
US...
Pharma industry decides to slash prices of 395 essential drugs
'Prices will not increase if rupee remains stabilised, utility prices are maintained and rate of inflation is controlled'Â
KARACHI:Â Pakistan Pharmaceutical Manufacturers' Association...
Wheat stock estimated at 28.16m tonnes, well over national requirements
ISLAMABAD:Â The Federal Committee on Agriculture (FCA) was informed that wheat production for 2018-19 has been estimated at 25.16 million tonnes from an...
US firms in China frustrated, business lobby says
BEIJING:Â American firms in China remain frustrated and are growing more pessimistic about their prospects in the country, a top business lobby said...
Climate change lowers Pakistan’s mango produce by 20pc
KARACHI:Â Climate change has affected mango produce in Pakistan, particularly in Sindh and Punjab, by 20pc, according to the Economic Survey of Pakistan.
The...
Bears dominate as KSE-100 sheds over 600 points
KARACHI:Â Bears of Pakistan Stock Exchange (PSX) were again successful in capturing the market, as the indices bled for the most part of...
Gas tariff likely to increase by 75-80pc, says OGRA chief
The Oil and Gas Regulatory Authority (OGRA) chairperson has said that the hike in gas price was inevitable and an increase of...
Dubai Expo 2020 to give $33bn boost to UAE economy
DUBAI:Â Dubai's Expo 2020 global trade fair is expected to give the United Arab Emirates an economic boost of over $33 billion, consultants...
US slaps sanctions on alleged new IS financiers
WASHINGTON:Â The United States on Monday imposed sanctions on financiers with bases in Belgium, Kenya and Turkey on charges they funnelled money internationally...