Global oil market in glut, but not a big enough one for OPEC
LONDON/DUBAI: OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts,...
Shahbaz Jameel appointed as ZTBL president
In pursuance of the Federal Cabinet’s decision, Muhammad Shahbaz Jameel, a senior banker, has been appointed as the president & CEO of...
Nissan warns of profit plunge, set to unveil 10,000 job cuts
YOKOHAMA: Nissan Motor Co Ltd warned on Wednesday that first-quarter profit tumbled around 90pc, a day before it is expected to announce...
ADB approves $50m additional contribution to expand CGIF’s operations
ISLAMABAD:Â The Asian Development Bank (ADB) has approved a $50 million additional capital contribution to support the guarantee operations of the Credit Guarantee...
Sindh govt approves two mega projects for Karachi
Projects include establishment of ‘Karachi Marble City’ and a state-of-the-art technology park in NED University
KARACHI:Â Sindh government has approved two mega industrial...
PTC contributed Rs103.5bn to national exchequer in FY19
'With fiscal measures approved in budget 2019-20, illicit cigarette trade may increase from its existing 30pc share of the market'
ISLAMABAD:Â The Board...
IMF lowers global growth forecasts as trade, Brexit uncertainties persist
WASHINGTON: The International Monetary Fund on Tuesday lowered its forecast for global growth this year and next, warning that more US-China tariffs,...
Oil slips to around $63 as Iran concerns fade for now
LONDON: Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East...
Pharmaceutical exports increase 8pc to 211.6m
ISLAMABAD:Â The exports of pharmaceutical products from the country during the Financial Year 2018-19 grew by 8.6pc as compared to the corresponding period...
Trump’s decision to enhance trade relations with Pakistan lauded
'US can capitalise on Pakistan's vast pool of skilled human resource, a large agrarian base, tremendous tourism potential, diverse mineral wealth,...
KSE-100 gains 131 points amid range-bound trading
KARACHI: The Pakistan Stock Exchange (PSX) managed to close another session in the green amid range-bound trading and low market turnover. Foreign...
US sanctions on Chinese oil trader ‘illegal’: Beijing
BEIJING: China on Tuesday called US sanctions against Chinese companies "illegal", a day after US Secretary of State Mike Pompeo announced he...
Huawei first-half revenue up about 30pc despite US ban
Huawei Technologies Co Ltd’s revenue grew roughly 30pc in the first half after select teams secured critical supplies to keep production going...
Pakistan’s exports to South Asian countries fall by 14pc
Pakistan's exports to its neighbours in the South Asian region have fallen by 14 percent in the fiscal year 2018-19, according to...
Why do connected Pakistani millennials underutilise public transportation system?
With a population of 200 million (plus) people, Pakistan ranks as the world’s 5th most populous nation. As its urban centres continue...