US oil refiners look to leapfrog Canadians in making renewable diesel
WINNIPEG: US oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian...
Trump’s diagnosis fuels uncertainty for skittish US stock market
WASHINGTON: Investors are gauging how a potential deterioration in President Donald Trump’s health could impact asset prices in coming weeks, as the...
FBR clarifies levy on refurbished vehicles
ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that levy imposed on refurbished second hand vehicles is restricted to 17pc of...
Pakistan urges WB to expand priority areas of cooperation
ISLAMABAD: Economic Affairs Minister Makhdoom Khusro Bakhtyar informed the World Bank (WB) on Saturday that the Pakistan government would be able to...
Business community seeks long-term strategy to cope with debt servicing challenge
KARACHI: As the country's debt repayment capacity has been waning due to sole dependence on foreign loans, Federation of Pakistan Chambers of...
Garment manufacturers demand structural reforms to enhance exports
LAHORE: The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), has stressed the need for amending rules, simplifying tax laws, and automating...
Airbnb aims to raise $3bn in IPO
Home rental company Airbnb Inc is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with...
Cement despatches surge to record 5.21m tonnes in Sept
LAHORE: The cement sector has achieved the highest ever despatches in September 2020, as the total despatches during the month were recorded...
Govt acquires 32,139 acres of land for Diamer-Bhasha dam
ISLAMABAD: The government has acquired around 32,139 acres of land, out of total 37,419 acres land required for the construction of Diamer-Bhasha dam.
According...
Pakistan no longer under locust threat, NLCC told
ISLAMABAD: The menace of desert locusts has now been completely brought under control in the country, with the Food and Agriculture Organization...
Urea sales likely to drop 6pc YoY in Sept
LAHORE: Urea sales are expected to decline by 6pc year-on-year to 383,000 tonnes in September 2020, as compared to 405,000 tonnes in September...
PSX honours ‘heroes’ who foiled June 29 terrorist attack
KARACHI: The Pakistan Stock Exchange (PSX) on Friday organised a solemn ceremony to honour the martyred and injured soldiers who foiled the June...
PM seeks comprehensive strategy to fix energy issues
ISLAMABAD: Prime Minister Imran Khan has stressed the need for a coherent and comprehensive strategy to address energy challenges being faced by the...
Govt unveils policy for import of bulletproof vehicles
ISLAMABAD: The Ministry of Commerce has unveiled a policy for the import of bulletproof vehicles, both new and second hand.
The ministry issued...
Steel manufacturers meet PM, highlight impediments to industry’s growth
ISLAMABAD: Prime Minister Imran Khan, while assuring support and incentives for growth, development and revival of the country's steel sector, has called...