AEDB to finalise renewable energy policy draft on 22nd
The Alternative Energy Development Board (AEDB) would hold a consultative meeting with all stakeholders on August 22 for the finalisation of the...
Standard Chartered faces fine for sanctions breaches: report
Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.
Britain’s Office of Financial...
China unveils rate reform to steer funding costs lower for firms
BEIJING: China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a...
Production of light commercial vehicles drops 16.19pc
ISLAMABAD:Â The production of light commercial vehicles (LCVs) witnessed a decrease of 16.19pc during the first eleven months of the fiscal year 2018-19,...
Pharmaceuticals may turn to Chinese raw material as tensions with India soar
Pakistan has formulated a strategy to deal with any crisis arising out of an embargo on the import of raw material supplied...
Cabinet approves Aamir Khan’s appointment as SECP chairman
The government has appointed Aamir Khan as the new chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect,...
SBP reserves jump $535m to $8.26bn
ISLAMABAD:Â After receiving inflows of $500 million from the Asian Development Bank (ADB), the country's total liquid foreign reserves stood at $15,577 million...
US set to give Huawei another 90 days to buy from American suppliers
SINGAPORE/WASHINGTON:Â The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permit the Chinese firm to buy supplies...
Dollar surges to Rs158.9, gold reaches Rs88,400 per tola
The US Dollar gained 51 paisa in the interbank market and was traded at Rs158.95 when compared to the last closing of...
Deadline for filing sales tax, FED extended till 23rd
ISLAMABAD: The Federal Board of Revenue on Friday extended the date for submission of sales tax and federal excise duty (FED) returns for the month...
Global rate cuts mark broadest policy shift since crisis: Fitch
WASHINGTON:Â A flurry of interest rate cuts by the US Federal Reserve and a host of other central banks marks the broadest shift...
OPEC sees bearish oil outlook for rest of 2019
LONDON: OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges...
30pc vehicles to go electric in 10 years, says PM’s aide
Pakistan has formulated a new transport policy under which at least 30 per cent of vehicles will go electric by 2030, said...
Power sector witnesses Rs121bn increase in revenues
'Govt envisions increasing the share of renewable energy to 20pc by 2025'
ISLAMABAD:Â The power sector revenues have witnessed a significant increase of...
Indonesia president proposes $178bn budget for 2020 with focus on education
JAKARTA:Â Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spending on human...