Oil climbs to five-month high on OPEC cuts, US sanctions and Libya fighting
SINGAPORE/LONDON: Oil prices rose to their highest level since November 2018 on Monday, driven by OPEC supply cuts, US sanctions against Iran...
Power sector payables reach Rs807bn
ISLAMABAD:Â Despite the incumbent government's efforts to increase the power sector collection, the payables of the sector reached Rs807 billion as of December...
Hyundai Motor, Tencent tie up to develop self-driving cars software
SEOUL: South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for...
Cement despatches decline 6.7pc in March
Total despatches in the first nine months of FY19 stood at 29.448m tonnes as compared to 31.314m tonnes in the same period...
Asad Umar chairs NPMC meeting, reviews prices of food, pharmaceutical items
Committee agrees to formulate an integrated market mechanism to reduce price disparity among provinces
ISLAMABAD:Â The National Price Monitoring Committee (NPMC) met on...
PSX plunges 506 points on weak economic outlook
The power generation and distribution sector lost 2.42pc from its cumulative market capitalisation following the news regarding an increase in power tariff...
Facebook Innovation Lab launched in Pakistan
Located in NICÂ LUMS, the innovation lab will focus on providing infrastructure access to developers, entrepreneurs and community groups, enabling them to...
GM, Ford and Toyota join to advance self-driving testing, standards
Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could...
Stock market ends flat amid volatility
KARACHI:Â Investors of the Pakistan Stock Exchange (PSX) endured another volatile session on Wednesday. Indices that swung in both directions failed to sustain...
Brent nears $70 as oil prices rise for fourth day
LONDON: Oil prices rose for a fourth day on Wednesday, pushing Brent toward a nearly five-month high of $70 a barrel on...
Saudi investors keen to form JVs in Pakistan’s furniture sector
PFC chief says a delegation of Saudi investors will visit Pakistan this month to explore opportunities in the furniture sector
ISLAMABAD:Â A delegation of...
Qatari investors intend to take Islamabad airport on lease
ISLAMABAD:Â The Qatari investors have shown a great interest in taking on lease the Islamabad International Airport, sources revealed on Tuesday.
As per details,...
Business community laments ‘exorbitant’ surge in POL prices
'Increase in POL prices will further escalate the cost of industrial production and will spur inflationary trend which has already reached 9.4pc'
ISLAMABAD:Â The...
Bitcoin soars 20pc, mystery buyer seen as catalyst
LONDON: Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move...
PSX retracts intraday gains to close 318 points lower
KARACHI:Â The Pakistan Stock Exchange (PSX) started the trading session on a positive note, but retraced its intraday gains to close in the...