UAE delegation meets federal minister, expresses interest in investing in Pakistan
A United Arab Emirates (UAE) met with Federal Minister for Maritime Affairs Ali Zaidi and expressed interest in investing in development projects...
Toshiba shuts the lid on laptops after 35 years
The Japanese giant Toshiba has sold its final stake in the personal computer maker Dynabook, which means that the company has also...
China total ad spending will decrease by 2.8pc by 2020: GroupM
By the end of 2020, the total advertising spend in China will exceed RMB 626.2 billion ($90 billion), with the Sleeping Giant...
NA body approves amendments to money laundering law amid strong opposition
ISLAMABAD: As opposition members stood against legislation regarding Anti-Money Laundering (AML), the National Assembly Standing Committee on Finance, Revenue, and Economic Affairs...
Govt shortlists HSBC UK employee for FBR’s CIO position
The UK-based tech expert, who is likely to be appointed as FBR's chief info officer for three years, will be given the task to automate Pakistan's tax collection system
FBR directed to clear income tax refunds of up to Rs50m within one week
ISLAMABAD: The Federal Board of Revenue (FBR) has been directed to pay income tax refunds up to Rs50 million within one week.
A...
Govt likely to appoint ‘blue-eyed official’ as PARCO managing director
ISLAMABAD: The federal cabinet, in its upcoming meeting, is likely to approve the appointment of Pak Arab Refinery Limited (PARCO) managing director,...
Neelum-Jhelum plant generates Rs120bn revenue: WAPDA
ISLAMABAD: The 969 MW Neelum-Jhelum Hydropower Plant has achieved another landmark by contributing a gross 10-billion units of electricity to the national...
FIA starts investigation into sugar export to Afghanistan
ISLAMABAD: The Federal Investigative Agency (FIA) has started an investigation into the sugar export to Afghanistan.
Documents state that FIA has written a...
Update: Bazaar denies report of raising $15m in seed round
LAHORE:
B2B e-commerce marketplace Bazaar has denied an earlier story by Profit that it is currently in an active process to raise $15...
Govt’s ‘smart lockdown strategy’ proved beneficial for businesses, traders say
ISLAMABAD: The business and traders' community has hailed the government’s smart lockdown strategy adopted during Covid-19, saying that it benefited the local...
Apple sales in China could crash if Trump bans WeChat
SHANGHAI: A US ban of popular Chinese messaging app WeChat may have devastating consequences for Apple, plunging the iPhone maker’s sales in...
K-Electric raises Rs25bn in Sukuk offering
With oversubscription of IPO portion of Sukuk by almost 2.5 times, the power utility was able to close the subscription two weeks ahead of schedule
Saudi Aramco to press ahead with plan to boost output capacity, CEO says
DUBAI/RIYADH: Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13...
Indus Motor’s profit plunges 63pc in FY20
INDU's after-tax profit falls from Rs13.71bn in FY19 to Rs5.08bn in FY20