Pakistan Infrastructure Bank expected to become operational this year
ISLAMABAD:Â Finance Minister Asad Umar chaired a high-level meeting on Monday to discuss matters pertaining to the operationalisation of Pakistan Infrastructure Bank (PIB)...
‘Indo-Pak tensions will only discourage new investments in region’
ICCI president says India should lead the efforts for regional integration instead of imposing trade conditions on Pakistan
ISLAMABAD:Â Islamabad Chamber of Commerce...
With 5G hype high, consumers risk disappointment
BARCELONA:Â The telecoms industry is gearing up for 5G, the next generation wireless networks which could enable new technologies such self-driving cars and...
PSX sheds 409 points in triggerless trade
KARACHI:Â The Pakistan Stock Exchange (PSX) started the first trading session of the week on a dull note, as indices kept following the...
Munich prosecutors fine BMW $9.65m for faulty engine software
FRANKFURT: Munich prosecutors fined BMW 8.5 million euros ($9.65 million) for administrative lapses after the German luxury carmaker installed the wrong engine...
Intel aims to push beyond phones with 5G infrastructure deals
Intel Corp on Monday announced new chips and partnerships that it hopes will persuade its investors that the billions of dollars in...
Sony revitalises smartphone franchise with movie-style screens
BARCELONA: Japan's Sony, which has fallen way behind its South Korean and Chinese rivals in the smartphone sales race, aims to capitalize...
India lowers tax on new home sales ahead of general election
MUMBAI: India on Sunday announced a cut in the goods and services tax charged on sales of residential properties under construction, according...
NBP posts highest-ever revenue of Rs97bn
KARACHI: The meeting of the Board of Directors (BoD) of National Bank of Pakistan (NBP) was held on Friday at the bank’s head...
Indonesia formally grants immediate market access for 20 Pakistani products
ISLAMABAD:Â Indonesia has issued a formal notification for the correction of Indonesia-Pakistan Preferential Trade Agreement (IP-PTA) by offering immediate market access for 20...
Stock market ends lower amid lacklustre trading
KARACHI:Â The investors of Pakistan Stock Exchange (PSX) witnessed another bumpy session on Friday, as the indices kept oscillating in both directions before...
German business confidence drops for 6th straight month
The Ifo institute said its monthly index declined to 98.5 points from 99.3 in January, sinking to its lowest level since December 2014
Asia’s surging fuel exports depress refining industry profits
Since 2006, the Asia-Pacific has been the world’s biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India
Dollar retains gains, Aussie finds footing after slide
The dollar index against a basket of six major currencies was little changed at 96.608 after edging up about 0.15 percent overnight when long-term Treasury yields surged to a one-week high on news of progress in U.S.-China trade talks
Asian shares mostly lower as investors watch trade talks
Japan’s benchmark Nikkei 225 slipped 0.5 percent to 21,368.54 in morning trading and Australia’s S&P/ASX 200 gained 0.5 percent to 6,170.30