Uber posts $1 billion loss in quarter as growth in bookings slows

Revenue for the quarter was $2.95 billion, a 5 percent boost from the previous quarter and up 38 percent from a year ago

Railways finishes 60% of work for provision of Wi-Fi and tracking system

Regarding the Main Line-1 and Main Line-II, the official said that Ministry of Railways is going to take important decisions about these lines in coming 30-60 days

KKH-II Expressway Project on track, attains 55 percent completion stage

KKH Phase-II is one among dozens of early harvest projects of the game-changing China-Pakistan Economic Corridor (CPEC) in Khyber Pakhtunkhwa Province as the Expressway plays a linchpin role in connecting Gwadar Port to the Chinese city of Kashgar

Indian Railways turns to natural gas to cut cost

India is building infrastructure, including pipelines and import facilities, to raise the share of gas in its energy mix to 15 percent in next few years from the current level of about 6.5 percent

FIA to undertake special audit of mega transport projects: Report

During the previous government's tenure, large transport projects were undertaken including Punjab’s capital city Lahore and various other cities with financial assistance from China

Railways ministry faces a Rs37-40bn deficit, says Sh Rasheed

RAWALPINDI: Railways Minister Sheikh Rasheed Ahmed has said that the Railways ministry faces a debt of Rs37 to 40 billion left behind by the...

Tesla posts record loss, CEO projects profits ahead

Moody’s Investor Service downgraded Tesla’s debt into junk territory back in March, warning at the time that Tesla didn’t have the cash to cover $3.7 billion for normal operations, capital expenses and debt that come due early next year.

Pakistan faces highest debt distress from Chinese-funded BRI: Report

A study conducted by Center for Global Development revealed 23 out of 68 nations involved in the BRI were facing risk of debt distress

Uber launches bike-hailing service in Karachi

KARACHI: Uber, the global smartphone app that seamlessly connects riders to drivers, has launched its bike-sharing service uberMOTO in Karachi.This service follows the extremely...

Harley Davidson, the Stallion that goes with a macho image

Call it the sway of the American culture or the bike’s macho looks and feel, Harley Davidson has a cult fan following globally. For...

Punjab to impose 5 percent tax on Uber, Careem in upcoming FY 2018-19 budget

LAHORE: Punjab’s next financial year’s 2018-19 budget is expected to introduce taxes for ride-hailing services like Uber and also rent-a-car services.The provincial government is...

Vintage Vespa scooter’s still evoke nostalgia amongst Pakistani’s

KARACHI: As cheap Chinese-made motorbikes flood Pakistan's roads, fans of vintage Vespa scooters are scrambling to find spare parts and preserve models that hark...

Railways seeks Rs73bn for ongoing, new projects in next PSDP

ISLAMABAD: Pakistan Railways (PR) has proposed Rs73 billion for ongoing and new projects in the next Public Sector Development Programme (PSDP) for the fiscal...

Pakistan has a good balance of locally assembled and imported used cars: Nissan SVP 

KARACHI: Nissan Motor Corporation Senior Vice President Peyman Kargar says that Pakistan has a good balance of imported, used, and locally manufactured cars at...

NA body recommends govt to prioritise railways projects

 ISLAMABAD: Standing Committee on Pakistan Railways (PRs) has recommended the projects of PRs may be given priority by the government, especially the Main Line...

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...