Oil, food, transport imports grow 29pc in July-February
LAHORE: Pakistan’s oil, food and transport import bill amounted to $16.2 billion in the first eight months of the current fiscal year,...
SHC seeks govt, OGRA reply in petroleum price hike case
KARACHI: The Sindh High Court (SHC) on Monday has sought comments from the Ministry of Petroleum, and the Oil and Gas Regulatory Authority...
PIA earns new standard ISO 9001-2915
KARACHI: Pakistan International Airlines (PIA) has earned another 'First' in the region to make a transition to the new standard ISO 9001:2015...
Uber agrees to divest its South-east Asian operations to Grab
SINGAPORE/SAN FRANCISCO: Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms...
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
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...
CPEC could bring economic prosperity, decrease poverty: Report
LAHORE: A report by World Bank (WB) entitled “The Web of Transport Corridors in South Asia”, says CPEC investment in road, railways...
Boeing shares tumble as some MAX deliveries halted, airlines fret over impact
Boeing Co (BA.N) shares closed down 5.6% on Friday after the planemaker halted deliveries of some 737 MAX jets due to quality-related problems...
Uber planning to sell South-East Asia operations to Singapore’s Grab
SAN FRANCISCO: Uber Technologies is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake...
Careem acquires Middle East online restaurant listing platform, to trial food delivery
DUBAI: Careem, a Middle East competitor to Uber Technologies, said on Sunday it had acquired RoundMenu and would start trialling food delivery services...
Ride-hailing services adding to traffic congestion, clogging streets
BOSTON: One promise of ride-hailing companies like Uber and Lyft was fewer cars clogging city streets. But studies suggest the opposite: that...
Automotive sector down 7.1pc, while cements lacked 6.1pc in February
LAHORE: Investors at the Pakistan Stock Exchange (PSX) had a mixed month of February. Political uncertainties mostly led investor confidence amongst a severe...
Uber losses decrease to $1.1 billion in fourth quarter
SAN FRANCISCO: Uber Technologies Inc narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter,...
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...
Uber and Law Enforcement Agencies unite to promote road safety
KARACHI: Uber, the leading global smartphone app seamlessly connecting riders to drivers in Pakistan’s seven cities, held a Driver Safety Workshop in collaboration...