Govt mulls manufacturing of mobile phone devices in Pakistan
ISLAMABAD:Â In a positive development, the government has decided to facilitate the assembly and manufacturing of cellphones in the country.
According to the Engineering...
PTI official requests PM to replace NBP regional head
ISLAMABAD: An office-bearer of the Pakistan Tehreek-e-Insaf (PTI) has requested the prime minister to replace the head of National Bank of Pakistan's...
‘Consumers to get cheap, uninterrupted electricity during winter’
ISLAMABAD: Power consumers, including domestic and industrial, will be provided uninterrupted and cheap electricity during the upcoming winter season and a scheme...
Are Daraz pick-up points a good business strategy?
One of the biggest challenges faced by the e-commerce industry is fulfilment. That is making timely deliveries. But what if a customer...
Govt accumulates record debt of Rs7.5tr in one year
The Pakistan Tehreek-e-Insaaf (PTI) government, in its first year, has accumulated a record public debt of Rs7,509 billion, according to official documents...
Sterling tumbles after reports of Brexit talks close to breakdown
LONDON:Â Sterling hit a one-month low against the euro on Tuesday after reports that Brexit talks between Britain and the European Union are...
Strong smartphone sales raise hopes of Samsung turnaround
SEOUL: Strong sales of Samsung Electronics’ Galaxy Note 10 smartphone series are limiting forecast profit falls at the South Korean tech giant, raising...
Nestlé inaugurates $22m manufacturing plant in Sheikhupura
Punjab Governor Chaudhry Mohammad Sarwar inaugurated a state-of-the-art manufacturing plant at Nestlé Pakistan's Sheikhupura Factory.
The production capacity of the Nestlé Fruita Vitals...
Hyundai opens digital store in Karachi, unveils ‘Ioniq’ hybrid car
KARACHI: Hyundai Nishat Motor (Private) Limited (HNMPL) on Tuesday unveiled its 'Ioniq' hybrid car while inaugurating its digital showroom at the Emerald...
KSE-100 slips 160 points as seven-day winning streak ends
KARACHI:Â Putting an end to its seven-day winning streak, the Pakistan Stock Exchange (PSX) landed in the red zone on Tuesday.
During the last...
PM encourages Chinese businessmen to invest in Pakistan
Prime Minister Imran Khan on Tuesday encouraged the Chinese businessmen to invest in Pakistan, given the latter's efforts to promote 'ease of...
Experts highlight trade opportunities for Pakistan amid US-China rift
'Higher tariff on Chinese products makes Pakistani exports more competitive in the US market'
'Chinese manufacturers can ward off punitive tariffs...
HSBC to cut up to 10,000 jobs in drive to slash costs: FT
HSBC Holdings Plc (HSBA.L) is planning to cut up to 10,000 jobs, more than 4% of its workforce, as interim Chief Executive...
UBL launches mobile contactless payments with Gemalto, Visa
UBL is the first bank in Pakistan who has partnered up with Gemalto, Visa and 1LINK to launch digital payment through tokenisation...
Govt amends tax laws to promote trade activities at Gwadar port
ISLAMABAD:Â In a bid to promote trade activities at Gwadar port, the government, through a presidential ordinance, has granted tax benefits to Chinese...