WAPDA formally awards Mohmand Dam contract to Descon, CGGC
Upon completion, the project will store about 1.2m acre-feet of water, generate 800MW of low-cost hydel electricity and help mitigating floods...
PEW expresses concern over exchange rate erosion
KARACHI: The Pakistan Economy Watch (PEW) has expressed concern over the steady fall in the exchange rate, saying that depreciation in Pak Rupee is...
Oil up near $68 as supply cuts outweigh economic worry
LONDON:Â Oil rose towards $68 a barrel on Tuesday as OPEC supply cuts and expectations of lower US inventories outweighed concern about weaker...
Saudi Aramco building global gas business to cut carbon footprint
DUBAI: Saudi Aramco, the world's biggest oil producer, was building an international gas business and converting more crude oil into chemicals in...
PSX ends 220 points higher despite early tremors
KARACHI: The Pakistan Stock Exchange (PSX), after witnessing a volatile trading session, managed to close in the green.
As per news reports, a team affiliated...
Uber buys rival Middle Eastern Careem for $3.1bn
Uber will pay $1.4bn in cash and $1.7bn in convertible notes in a deal that gives it full ownership of Careem
...
Customs officials ‘facilitating’ their high ups in Rs933m Faisalabad dry port scam
ISLAMABAD:Â The Pakistan Customs officers are allegedly trying to save their high ups in the Rs933 million Faisalabad dry port scam.
As per the...
Bailout agreement with IMF to be reached soon: Asad Umar
'PTI govt only had 15 days of reserves left when it came to power', finance minister laments
ISLAMABAD:Â Finance Minister Asad Umar said...
BOI committed to improving Pakistan’s EODB ranking
Official says Pakistan will be ranked among top 100 countries by the time World Bank releases its next EODB rankings
ISLAMABAD:Â The Board...
Nike fined €12.5m for blocking cross-border sales of soccer merchandise
'Nike's illegal practices occurred between 2004 to 2017 and related to licensed merchandise for FC Barcelona, Man United, Juventus, Inter Milan,...
PSX sheds 403 points amid low turnover
Market participation decreased by 33pc, from 54.20m shares in the previous session to 36.49m shares
KARACHI:Â The Pakistan Stock Exchange (PSX) witnessed a...
Export of transport services falls 25.4pc in seven months FY19
ISLAMABAD:Â The export of various transport services generated a revenue of $425.639 million during the first seven months of the current fiscal year...
Economic gloom hits world stock markets
Worries about economic growth prospects hit global stock markets during the past week, causing sharp price drops on both sides of the...
Cement exports rise 52pc in eight months FY19
KARACHI:Â Cement exports during the first eight months of the current fiscal year (from July 2018 to Feb 2019) registered a growth of...
Proton officially enters Pakistani car market
ISLAMABAD:Â The joint venture between Malaysia's Proton and Pakistan's Al-Haj Group has been the centrepiece among a series of agreements signed between Pakistan...