Uber to focus on core rides, delivery business as cuts more jobs
Uber Technologies Inc will concentrate on its core businesses in ride-hailing and food delivery, Chief Executive Officer Dara Khosrowshahi said in an...
Govt likely to outsource three major airports
ISLAMABAD: The federal government is likely to outsource the management of three major airports of the country, it was learnt on Monday.
Sources...
Macron, Merkel propose $543bn euro Recovery Fund as ‘major step forward’
PARIS: France and Germany agreed on Monday to propose creating a 500 billion euro ($543 billion) Recovery Fund that would offer grants...
Alibaba’s Jack Ma quits board of Japan’s struggling SoftBank
TOKYO: Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over...
IDWP approves 122 projects worth Rs27.5bn
ISLAMABAD: The Islamabad Development Working Party (IDWP) has approved 122 projects pertaining to sanitation, rural roads and water supply at a cost...
Stakeholders will be taken on board for budget process: minister
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said Monday the government was ready to listen to...
Govt, WB sign $371m pacts for agri and social sectors
ISLAMABAD: The federal government on Monday struck two agreements worth $371 million with the World Bank to get the latter’s support in...
Govt projects -0.38pc GDP growth in FY20
Pakistan to witness negative GDP growth after 68 years
Stocks lose 203 points on profit-booking
KARACHI: The Pakistan Stock Exchange (PSX) failed to carry forward the positive momentum from the previous week, with the KSE-100 Index closing...
Supreme Court orders reopening of shopping malls across country
The Supreme Court of Pakistan on Monday ordered the reopening of shopping malls across the country.
A five-member bench of the Supreme Court...
ADB’s 2019 operations touch $33.74 billion
MANILA, PHILIPPINES: The Asian Development Bank’s (ADB) projects, programmes, and other development support for its developing members in Asia and the Pacific...
Oil prices hit one-month highs on output cuts, demand signs
SINGAPORE: Oil prices climbed by more than $1 a barrel on Monday, supported by output cuts and signs of gradual demand recovery...
SECP approves TPL Trakker’s request to issue 58.3mln shares
The TPL Corp Limited (company) has disclosed that Securities and Exchange Commission of Pakistan has approved TPL Trakker Limited (TPLT), a wholly-owned...
The burden of over-regulation
In this edition of Profit, both our cover story and one of our main feature stories are about the financial services sector,...
Silk Bank requests SBP to extend 3Q 20219 financials
The Silk Bank has requested the State Bank of Pakistan (SBP) that the approval and disclosure of the third quarter of 2019...