Financial guarantee likely to be made mandatory for shipping companies
ISLAMABAD: The federal government has decided to make 'financial guarantee' a mandatory requirement for shipping companies in the upcoming year budget 2020-21,...
Govt briefed on liquidity issues hampering large-scale manufacturing
ISLAMABAD: A delegation of Nishat Group met Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh to apprise him...
SpaceX set for historic launch as human spaceflight enters new era
SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida...
PPA accuses govt of disrupting poultry supply chain
LAHORE: The Pakistan Poultry Association (PPA) has stated that the government was once again attempting to disturb the supply-demand mechanism of the...
Oil falls on US-China tensions over Hong Kong
LONDON: Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed...
‘Govt to amend SEZ Act to promote industrialisation, attract FDI’
Razak Dawood says amendments will help ensure provision of quality services to investors
Coronavirus: Von der Leyen calls €750bn recovery fund ‘Europe’s moment’
A major recovery fund worth €750bn (£670bn; $825bn) has been proposed by the EU's executive Commission to help the EU tackle an...
Record drop in energy investment, warns International Energy Agency
The coronavirus crisis is causing the biggest fall in global energy investment in history.
Before the pandemic, funding was set to rise 2%,...
Trump threatens to regulate or shut down social media companies
WASHINGTON: US President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter Inc for...
CAA officials blame pilot for Karachi plane crash
--Air-traffic controller and approach traffic controller say pilot didn’t give emergency landing message, collided with runway during first attempt
--PALPA protests probe info...
World airlines body raises alarm over bailout debts
PARIS: Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry’s recovery from the coronavirus crisis, a...
Govt mulls imposing luxury tax on ICT houses
ISLAMABAD: The federal government is considering imposing a luxury tax on houses located within the limits of Islamabad Capital Territory (ICT).
According to...
Merck to buy Austrian vaccine maker as it jumps into COVID-19 race
CHICAGO: Merck & Co Inc, which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying...
PM-made think tank to focus on three priority areas
--Body mulls 'digital account scheme' for overseas Pakistanis
ISLAMABAD: Limiting the scope of work for the Prime Minister-formed Think Tank, the government on...
Pakistan’s food security under threat as locusts devour crops, livelihoods
--Locust attacks likely to cause Rs800bn loss to country's agriculture produce this year
--Farmers seek govt's help as they fear long-term food shortage
LAHORE:...