Business community urges govt to upgrade Lahore’s drainage system before upcoming monsoon
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government and concerned departments to upgrade drainage systems at...
Gold on course for third weekly gain as coronavirus cases spike
Gold prices edged up on Friday en route to a third straight weekly gain, as a spike in coronavirus cases dashed hopes...
India’s auto and pharma sectors not ready to wean off China
NEW DELHI: Days after a border clash with China this month in which 20 Indian soldiers were killed, New Delhi told firms...
Global output to contract by 3.6pc in 2020: Fitch Solutions
KARACHI: Global output will contract by 3.6 per cent in 2020, but rebound by 4 per cent in 2021, according to Fitch...
Govt devises strategy to restrict use of foreign satellite systems
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has decided to restrict/prohibit use of foreign satellite systems and devised a strategy to promote use...
Saudi NCB to takeover Samba Financial for $15.6bn
The National Commercial Bank (NCB), a large Saudi bank, offered to pay as much as $15.6 billion to acquire rival Samba Financial...
Planning Commission approves $20m Covid response project
‘With this approval, the total amount of funds awarded by PC for Covid-19 Emergency Plan has now reached $613m'
Pakistan signs $2.4bn agreement for 1,124MW Kohala Hydropower Project
ISLAMABAD: A tripartite agreement was signed on Thursday between a Chinese company and the governments of Pakistan and China for the construction...
Revenue Division asked to clarify corruption allegations on FBR
ISLAMABAD: The Senate on Thursday asked the Revenue Division secretary as well as the Federal Board of Revenue (FBR) to submit details...
FBR directs officers to return reward money
ISLAMABAD: The Federal Board of Revenue (FBR) has directed 42 of its officers to return the stipends, incentives and awards granted to...
SBP reserves fall below $10bn
KARACHI: The net foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $146 million to $9.961 billion during...
PIA to ground nearly 150 pilots facing inquiry over dubious licences
KARACHI: The Pakistan International Airlines (PIA) will be grounding nearly 150 out of its 426 pilots, amid an inquiry that they hold “dubious”...
Gold loses Rs2,300, falls to Rs102,800 per tola
ISLAMABAD: The per tola price of 24 karat gold stood at Rs102,800, after falling by Rs2,300 on Thursday, compared to its price...
Business community welcomes 100bps cut in policy rate
Businessmen laud govt’s economic policies, seek further reduction in policy rate to spur growth
BOI launches e-portals to facilitate local, foreign investors
ISLAMABAD: The Board of Investment (BOI) on Thursday launched three online portals including Electronic Joint Venture (EJV), Branch Liaison Management Information System...