BMW vows to rev up electric car rollout
MUNICH:Â German high-end carmaker BMW said on Tuesday it would accelerate its plans to build new electric models, as the whole industry comes...
SBP reserves increase $16m to stand at $7.75bn
The foreign exchange reserves held by the central bank inched up by 0.21pc on a weekly basis, according to data released by...
United Energy to buy Kuwait Energy for $651m
Founded in 1992, United Energy acquired BP’s assets in Pakistan in 2011 for $775 million and has since invested heavily in that country,
Stocks stage 261-point rally; index crosses 35,000 mark
KARACHI: After yesterday's lacklustre performance, indices of the Pakistan Stock Exchange (PSX) staged a rally on Wednesday, with the benchmark KSE-100 Index...
Pakistan, Turkmenistan to discuss TAPI gas pipeline groundbreaking next month
Pakistani and Turkmen experts are set to meet next month to review arrangements and finalise modalities for the groundbreaking of the Pakistan-section...
Zahidjee Textile Mills submits SOQ to acquire SME Bank Ltd
LAHORE:Â Zahidjee Textile Mills Limited recently submitted a Statement of Qualification (SOQ) to the Privatisation Commission (PC) to acquire 93.88pc shares of SME...
Czech business delegation to explore Pakistani market in June
'The Czech delegation, which will be led by its Ministry of Commerce, will explore possibilities of JVs and business collaborations in...
Oil mixed on tighter supply, surge in US virus cases
LONDON: Oil prices were mixed on Monday, with Brent crude edging higher on tighter supplies and positive economic data, while US benchmark...
Market Daily: KSE100 gains 531 points as volumes jump
LAHORE: Everything seemed to have worked out in favour of investors on Thursday. Indices rallied, volumes surged and foreign investors closed as...
Asian stocks inch up slightly after strong US data
Tokyo: Asian shares were a tad firmer on Thursday, taking their cues from strong U.S. data although holiday-thinned trade and uncertainty about...
HBL to increase focus on digitisation; hopes to lower cost-income ratio
KARACHI:Â Habib Bank Ltd (HBL) on Tuesday gave an update on its recent financials and bank outlook in a corporate briefing to investors.
Leading...
FFC posts Rs8.5bn PAT in nine months
The Fauji Fertilizer Company Limited (FFC) board of directors on Friday announced the financial results for the first nine months of 2018...
Tobacco, cement, cotton production increases from last year
ISLAMABAD: Cement production in the country, witnessed a growth of 12.13 per cent during the first seven months of the current fiscal year, as...
FBR unearths tax evasion cases in Multan, Hyderabad
ISLAMABAD: The Federal board of Revenue's (FBR) directorates of intelligence & investigation in Hyderabad and Multan have unearthed three tax evasion cases...
SECP disposes proceedings against K-Electric, imposes fine on CEO and directors
KARACHI: Securities and Exchange Commission of Pakistan (SECP) on Friday said it had disposed of proceedings initiated against the CEO and board of...