TikTok pledges to invest in Pakistan if PTA reopens the app
LAHORE: In an official statement, a spokesperson from TikTok has shared that if the Government of Pakistan decides to reopen access to...
Startups need actions, not words
In recent years, there has been an increasing focus on startups and the immense potential they bring to the economy. The government...
The rising economic power of Pakistani women
Two things are simultaneously true about Pakistan, both as a society and as an economy: it is heavily – and unjustifiably –...
Punjab govt closely monitoring wheat, sugar situation
LAHORE:The Punjab government is closely monitoring wheat and sugar situation in the province to ensure smooth provision of these commodities to people at government fixed rates.
Official sources...
Moody’s downgrades UK as Covid-19 and Brexit hit debt outlook
LONDON: Ratings agency Moody’s cut the United Kingdom’s debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit...
Coronavirus spending pushes US 2020 fiscal year deficit to record $3.132tn
WASHINGTON: The U.S. budget deficit hit a record $3.132 trillion during fiscal 2020, more than triple the 2019 shortfall due to massive...
Punjab govt sets sugarcane price at Rs200 per maund
LAHORE: The Punjab government has fixed the minimum price for 40kg sugarcane at Rs200 as the cane crushing season is about to begin...
Foreign Direct Investment plunges 51pc YoY in Sept
KARACHI: Foreign direct investment (FDI) was recorded at $189 million in September 2020, compared to $384 million in September 2019, showing a decrease...
FrieslandCampina Engro posts Rs321m profit for third quarter
KARACHI: FrieslandCampina Engro Pakistan Limited (FCEPL) on Friday announced its financial results to the Pakistan Stock Exchange (PSX).
According to the results, FCEPL registered...
PKR gains Rs1.35 against dollar this week
KARACHI: Pakistani Rupee continued gaining strength against the US dollar in the interbank and gained another 37 paisas on Friday.
According to a...
British executive Matthew Wilsher confirmed as PTCL CEO
Wilsher headed Etisalat Nigeria as CEO during a debacle that led to Etisalat Group’s departure from African country
Big industry expands 3.6pc YoY in July-Aug FY21
ISLAMABAD: Pakistan's large-scale manufacturing (LSM) production grew 3.66pc year-on-year in the first two months (Jul-Aug) of the current fiscal year (FY21), as...
CAA fines Qatar Airways for violating SOPs
KARACHI: The Civil Aviation Authority (CAA) has reportedly slapped a fine of Rs100,000 on Qatar Airways for violating the set standard operating...
Punjab govt to share e-stamp, land ownership data with FBR
ISLAMABAD: The Federal Board of Revenue has signed a memorandum of understanding (MoU) with the Board of Revenue-Punjab under which the latter...
Food minister says ‘lack of expertise’ resulting in lower crop yield
ISLAMABAD: Giving a justification for the declining yield of major crops, particularly wheat and cotton, National Food Security and Research Minister Syed...