Oil steadies but coronavirus and supply pressures remain
LONDON: Oil prices steadied on Tuesday but remained under pressure from the threat to demand from a global resurgence in coronavirus cases...
E-commerce market booms as Pakistan adapts to digital payments
The country's e-commerce market has witnessed a year-on-year (YoY) growth of 78.9pc and 33.3pc in volume and value, respectively, in 2020, as...
Stocks accumulate 616 points on positive sentiments
KARACHI: The Pakistan Stock Exchange (PSX) extended its rally on Tuesday, underpinned by investors’ optimism amid ongoing earnings season.
Global equity markets, on...
Provinces agree to accelerate wheat release from official stocks
ISLAMABAD: Provincial governments on Tuesday expressed firm commitment to accelerate the release of wheat from their official stocks in order to maintain...
Bangladesh garment workers pray for orders as pandemic shreds exports
DHAKA: Bangladesh garment factory owner Shahidullah Azim laid off 20 per cent of his workers in the wake of the first wave...
Sweden bans Huawei, ZTE from upcoming 5G networks
STOCKHOLM: Sweden on Tuesday banned on security grounds the use of telecom equipment from China's Huawei and ZTE 000063.SZ in its 5G network...
UK says trade talks with US are intensifying
LONDON: Britain and the United States are intensifying trade talks, British trade minister Liz Truss said on Tuesday, announcing the start of...
‘Extremely damaging’ no deal in Brexit trade talks would cut Bentley’s profits
LONDON: Failure to strike a Brexit trade deal with the EU would be “extremely damaging” and cut profits by up to a...
Cement export increases 8.27pc YoY in Q1FY21
ISLAMABAD: The export of cement from the country witnessed an increase of 8.27 per cent during the first quarter (Q1) of the...
Asian stocks dip as US political concerns grow
SYDNEY/NEW YORK: Asian stocks slipped on Tuesday as investors adjusted risk exposure heading into the US election and ahead of a deadline...
High port charges in Pakistan discouraging trade with Afghanistan, NA body told
ISLAMABAD: During a meeting of National Assembly’s Standing Committee on Commerce, the officials of the Ministry of Commerce said that one of...
Swiss company Novartis acquires manufacturing facility to produce medicines in Pakistan
Novartis, a Swiss multinational company with a multi-decade presence in Pakistan, has acquired a manufacturing facility to produce medicines in the country,...
Automakers Hyundai, Kia warn of $2.9bn hit to earnings over US quality woes
SEOUL: Hyundai Motor and affiliate Kia Motors warned of another $2.9 billion of provisions related to engine issues, bringing their total hit...
Govt set to introduce new law to fast-track CPEC projects
The draft law proposes abolishment of CEO position for CPEC Authority, reduction in the powers of CPEC Authority chairman in decision making, and an end to the authority’s powers to constitute a business council
Sindh govt to be responsible for gas shortage in Karachi as ROW not given: minister
Omer Ayub says govt will save around Rs147bn in three years after it streamlines matters related to LNG usage in power generation