Standard Chartered posts highest-ever profit of Rs18.5bn
KARACHI: Standard Chartered Bank (Pakistan) Limited on Wednesday announced its annual results for 2018.
The bank performed exceptionally well in the year and delivered...
Saudi defiant on oil cuts after Trump tells OPEC to ‘relax’
RIYADH: The Saudi energy minister said on Wednesday he is leaning towards extending oil production cuts in the second half of 2019, despite...
World’s largest sovereign wealth fund loses $57bn
OSLO: Norway's sovereign wealth fund, the world's biggest, suffered a loss of 485 billion kroner (50 billion euros, $57 billion) last year, the...
PSX closes 128 points lower as Pak-India tensions soar
The index lost over 1,500 points in intraday trading
KARACHI: Trade floors turned red on Wednesday as tensions between India and Pakistan escalated,...
India’s economy seen losing momentum ahead of election
NEW DELHI: India's economy appeared to be losing momentum in the approach to a general election that must be held by May,...
Aramco CEO says oil industry facing ‘a crisis of perception’
LONDON: Saudi Aramco’s chief executive said on Tuesday the oil industry is facing “a crisis of perception” and the views of some...
SECP to focus on structural reforms, market development
ISLAMABAD: The insurance industry is changing in response to a wide range of social, technological and global economic forces. The last two decades...
ADB appoints Ahmed M Saeed as vice president
The Asian Development Bank (ADB) has appointed Ahmed M Saeed as Vice-President. Saeed will be responsible for operations in the Southeast Asia...
PSX plummets 785 points as geopolitical tensions escalate
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed bloodshed on Tuesday, as the geopolitical tensions between India and Pakistan kept the market...
Pakistan Infrastructure Bank expected to become operational this year
ISLAMABAD: Finance Minister Asad Umar chaired a high-level meeting on Monday to discuss matters pertaining to the operationalisation of Pakistan Infrastructure Bank (PIB)...
‘Indo-Pak tensions will only discourage new investments in region’
ICCI president says India should lead the efforts for regional integration instead of imposing trade conditions on Pakistan
ISLAMABAD: Islamabad Chamber of Commerce...
With 5G hype high, consumers risk disappointment
BARCELONA: The telecoms industry is gearing up for 5G, the next generation wireless networks which could enable new technologies such self-driving cars and...
PSX sheds 409 points in triggerless trade
KARACHI: The Pakistan Stock Exchange (PSX) started the first trading session of the week on a dull note, as indices kept following the...
Munich prosecutors fine BMW $9.65m for faulty engine software
FRANKFURT: Munich prosecutors fined BMW 8.5 million euros ($9.65 million) for administrative lapses after the German luxury carmaker installed the wrong engine...
Intel aims to push beyond phones with 5G infrastructure deals
Intel Corp on Monday announced new chips and partnerships that it hopes will persuade its investors that the billions of dollars in...