SpaceX raises $1.9 billion in funding
HAWTHORNE: Elon Musk’s Space Exploration Technologies Corporat (SpaceX) has raised $1.9 billion in new funding, according to a regulatory filing on Tuesday....
FBR asks tier-1 retailers to register with POS system or face penalties, business closures
ISLAMABAD: The Federal Board of Revenue (FBR) announced the deadline of August 31, 2020 for all tier-I retailers to integrate with the...
Cabinet approves export of N95, surgical masks
ISLAMABAD: Federal Minister for Science and Technology Fawad Chaudhry announced through his Twitter page on Tuesday that the government had agreed to...
HUBC profits for FY2020 double over net profits in FY19
ISLAMABAD: Hub Power Company Limited (HUBC) posted its financial results for the year ended June 30, 2020, on Wednesday, showing more than...
‘We should take benefit from WTO relaxations under emergency clauses during Covid-19’
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice Chairman Sheikh Sultan Rehman said, ”We should watch the ongoing advisory...
Dollar under pressure as economic uncertainties linger
TOKYO: The dollar struggled to recoup heavy overnight losses on Wednesday after it slipped to 27-month low the previous session as uncertainties...
Cabinet allows sugar import, PPE export: Faraz
ISLAMABAD: Federal Information and Broadcasting Minister Senator Shibli Faraz has said that the federal cabinet has approved the import of sugar and...
Govt set to launch portal to connect think tanks, academia with policymakers
The e-portal will help integrate think tanks across the country and enable them to contribute constructively towards govt decisions and policymaking process
PM Imran may take away cabinet’s powers to appoint heads of SOEs
ISLAMABAD: The federal government is allegedly trying to handover the powers of the federal cabinet regarding the appointment of heads of state-owned...
PM Imran orders indiscriminate action against hoarders
ISLAMABAD: Chairing a meeting to review prices of basic commodities on Tuesday, Prime Minister Imran Khan directed an indiscriminate action against hoarders...
PTA responds to VRG’s ‘misleading’ allegations, says committed to early launch of AMA scheme
The Pakistan Telecommunication Authority (PTA) said on Tuesday that it remains committed to ensuring the early commercial launch of the Asaan Mobile...
Senate passes two bills related to FATF
ISLAMABAD: The upper house of parliament on Tuesday passed two more bills related to Financial Action Task Force (FATF) as reported by their...
SBP increases loan limit for women entrepreneurs
KARACHI: In order to encourage women to participate in the economy, the State Bank of Pakistan (SBP) has enhanced the financing limit...
PSO becomes first OMC to launch Euro-V fuel
Pakistan State Oil (PSO) has become the first oil marketing company (OMC) to upgrade the country’s fuel standard from Euro 2 to...
KSE-100 ends flat as profit-taking caps early gains
KARACHI: The Pakistan Stock Exchange (PSX) succumbed to selling pressure on Tuesday, with the benchmark KSE-100 Index losing all gains accumulated in...