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...
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
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...
Courier companies denounce proposed logistics regulation bill
KARACHI: The bill passed by the National Assembly and titled as ‘Pakistan Courier and Logistics Regulatory Authority Act 2017’ is under the...
Pakistan has a good balance of locally assembled and imported used cars: Nissan SVPÂ
KARACHI: Nissan Motor Corporation Senior Vice President Peyman Kargar says that Pakistan has a good balance of imported, used, and locally manufactured...
PR’s deficit reduced from Rs36bn to Rs32bn in ten months: minister
RAWALPINDI: Railways Minister Sheikh Rasheed Ahmed said on Wednesday that Pakistan Railway’s deficit had been reduced from Rs36 billion to Rs32 billion...
IMC sources 126 million local Auto parts every day
ISLAMABAD: “Indus Motor Company (IMC) sources 126 million local parts every working day and if you touch the Corolla, there is a 90%...
Gwadar and Chabahar different since inception: Manish Tewari
WASHINGTON: Former Union Minister of State in India, Manish Tewari has made comparisons between Gwadar port in Pakistan and Chabahar port in...
Pakistan’s largest automobile expo kicks off in Lahore
LAHORE: National Assembly Member Shaista Pervaiz Malik and Italian Ambassador in Pakistan Stefano Pontecorvo inaugurated the Pakistan Auto Show 2018 at the...
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...
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 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
Bosnian Ambassador urges business community to explore opportunities in Bosnia
KARACHI: The Ambassador of Bosnia and Herzegovina Sakib Foric has urged the business and industrial community of Karachi to explore investment opportunities in Bosnia...
KP CM orders to expedite work on communication sector projects
PESHAWAR: Khyber Pakhtunkhwa Chief Minister (CM) Mahmood Khan has directed the authorities of communication and works department to expedite work on all...
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.