Cement despatches decline 6.7pc in March

Total despatches in the first nine months of FY19 stood at 29.448m tonnes as compared to 31.314m tonnes in the same period...

Asad Umar chairs NPMC meeting, reviews prices of food, pharmaceutical items

Committee agrees to formulate an integrated market mechanism to reduce price disparity among provinces ISLAMABAD: The National Price Monitoring Committee (NPMC) met on...

PSX plunges 506 points on weak economic outlook

The power generation and distribution sector lost 2.42pc from its cumulative market capitalisation following the news regarding an increase in power tariff...

Facebook Innovation Lab launched in Pakistan

Located in NIC LUMS, the innovation lab will focus on providing infrastructure access to developers, entrepreneurs and community groups, enabling them to...

GM, Ford and Toyota join to advance self-driving testing, standards

Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could...

Stock market ends flat amid volatility

KARACHI: Investors of the Pakistan Stock Exchange (PSX) endured another volatile session on Wednesday. Indices that swung in both directions failed to sustain...

Brent nears $70 as oil prices rise for fourth day

LONDON: Oil prices rose for a fourth day on Wednesday, pushing Brent toward a nearly five-month high of $70 a barrel on...

Saudi investors keen to form JVs in Pakistan’s furniture sector

PFC chief says a delegation of Saudi investors will visit Pakistan this month to explore opportunities in the furniture sector ISLAMABAD: A delegation of...

Qatari investors intend to take Islamabad airport on lease

ISLAMABAD: The Qatari investors have shown a great interest in taking on lease the Islamabad International Airport, sources revealed on Tuesday. As per details,...

Business community laments ‘exorbitant’ surge in POL prices

'Increase in POL prices will further escalate the cost of industrial production and will spur inflationary trend which has already reached 9.4pc' ISLAMABAD: The...

Bitcoin soars 20pc, mystery buyer seen as catalyst

LONDON: Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move...

PSX retracts intraday gains to close 318 points lower

KARACHI: The Pakistan Stock Exchange (PSX) started the trading session on a positive note, but retraced its intraday gains to close in the...

Envoy urges Pakistani investors to explore Kazakh market

'Kazakhstan holds 28th position in the Ease of Doing Business ranking and facilitates foreign investors by providing one-window solutions'  LAHORE: Pakistani businessmen must...

US investigating Kia, Hyundai over ‘non-crash fires’

NEW YORK: US authorities said on Monday that they have opened two separate investigations into automakers Kia and Hyundai after receiving more than...

J&J baby shampoo samples fail Indian quality test; company rejects findings

NEW DELHI: Johnson & Johnson's baby shampoo samples failed quality tests conducted by the northwestern Indian state of Rajasthan, according to a public...