Uber shuts down operations in five cities
LAHORE: Ride-hailing app Uber on Tuesday announced that it is shutting down operations in five out of six cities where it carried...
PLL fails to attract LNG bidders for long term contracts
ISLAMABAD: In the latest round of tenders floated by Pakistan LNG Limited (PLL), the state entity responsible for importing critical LNG, it...
Virgin Atlantic to expand operations in Pakistan
LAHORE: After two years of successful operations in Pakistan, Virgin Atlantic will be expanding operations in the country with the inclusion of...
Public Accounts Committee summons car company CEOs
LAHORE: Public Accounts Committee (PAC) Chairman Noor Alam Khan on Tuesday directed the secretary industries and production to ensure the presence of...
Honda announces week long shutdown of car plant
LAHORE: Honda Atlas Pakistan Limited (HACPL) has notified the Pakistan Stock Exchange (PSX) that it will observe non-production days (NPD) from October...
Yamaha introduces sixth price increase for 2022
LAHORE: Yamaha Motors Pakistan has introduced its sixth price increase for the year with prices for its entire portfolio having risen by...
New Thar power plant made operational
ISLAMABAD: A critical energy project, the Thar Energy Limited (TEL) power plant finally commenced commercial operations as of October 1, marking its...
KIA introduces limited time price reduction for Sportage
LAHORE: KIA Motors has introduced a limited time discount across its Sportage lineup after which prices are as follows:
The company states that...
TCS shuts down eCommerce business Yayvo.com, takes impairment loss of Rs1.2bn
LAHORE: After a series of half-hearted attempts to sell off its eCommerce business, Yayvo.com, TCS has finally decided to pull the plug...
Eurobonds slump amidst debt relief confusion
KARACHI: Pakistan’s dollar bonds, or Eurobonds, slumped internationally on Friday as Prime Minister Shehbaz Sharif went on record stating that Pakistan needs...
The new price of petrol
ISLAMABAD: Fuel prices in Pakistan have increased yet again. According to the latest price notification announced by the government on September 21,...
TPL-TASC consortium to bid for telecom tower infrastructure
ISLAMABAD: In a significant development in the growing field of telecom tower infrastructure in Pakistan, local company TPL Properties has formed a...
August sees single greatest contraction in auto financing
LAHORE: The State Bank of Pakistan (SBP) has released its credit data for the month of August, 2022. Net automotive loans have...
Pakistan won’t default on debts despite floods, says Miftah
ISLAMABAD: Pakistan will “absolutely not” default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no...
Most of FY21 budget was spent on debt, interest payments: AGP
ISLAMABAD: Pakistan spent Rs18,486.19 billion out of the Rs21,837.24 billion of its total budget in fiscal year 2020-21 (FY21) to repay debt...