IMF forecasts global growth at decade low
WASHINGTON: The US-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund...
Sales of motorbikes, three-wheelers decline 19pc in 1QFY20
ISLAMABAD: The sales of motorcycles and three-wheelers dipped by 19.48pc during the first quarter of the current financial year 2019-20, compared to the...
Hutchison Port Holdings announces $240m investment in Pakistan
'Investment will be used to build greater terminal capacity at Karachi Port'
'Hutchison Ports' total investment in Pakistan has now reached...
Joint venture strikes oil, gas in Kohat
ISLAMABAD: The Oil and Gas Development Company (OGDC) said on Tuesday that it has found oil and gas at its condensate at Togh...
No layoffs despite slowdown, says IMC
Indus Motor Company (IMC) has announced that there will be no layoff of employees despite a slowdown in production.
IMC has resumed production...
KSE-100 down 102 points as investors await FATF outcome
KARACHI: Bearish trend prevailed at the Pakistan Stock Exchange (PSX) on Tuesday, as the investors remained anxious ahead of the Financial Action...
Weekly inflation drops 0.44pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation (as on Oct 10th) decreased by 0.44pc for the combined consumption group.
The SPI for the...
China wants centralised digital currency after bitcoin crackdown
BEIJING: As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency -- one that could...
Harassment on account of revenue collection must stop: RCCI
RAWALPINDI: Rawalpindi Chamber of Commerce and Industry (RCCI) President Saboor Malik on Monday urged the government must realise the ground realities of common...
PSX prescribes standard range of brokerage commission
The Pakistan Stock Exchange (PSX) recently issued a notification regarding the implementation of a standard range/scale of brokerage commission with effect from...
Huawei says open to ‘no backdoor’ agreement with India
NEW DELHI: China’s Huawei Technologies is ready to enter into a “no backdoor” agreement with India to allay security concerns, the telecom group’s...
FATF ‘satisfied’ with Pakistan over action plan compliance
The Financial Action Task Force (FATF) on Monday expressed satisfaction over steps taken by Pakistan in line with its action plan to...
Oil falls due to caution over first phase of US-China trade deal
NEW YORK: Oil prices fell nearly 3pc on Monday as a lack of details about the first phase of a trade deal between...
Govt urged to rationalise taxes on real estate sector
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Ahmed Waheed on Monday urged the government to take appropriate measures that could...
French energy giant Total to buy 37pc stake in India’s Adani Gas
BENGALURU/NEW DELHI: French energy giant Total SA said on Monday it will buy a 37.4pc stake in Indian gas distribution company Adani Gas,...