IHC questions ‘relegation’ of ZTBL vice presidents
ISLAMABAD: While extending a stay order in a matter pertaining to recovery of salaries from 21 vice presidents of Zarai Taraqiati Bank...
Virus lockdowns: PepsiCo’s organic revenue, profits to suffer in second quarter
PepsiCo Inc warned on Tuesday organic revenue and operating profits would suffer in the second quarter as major buyers of its sodas,...
China’s biggest banks post profit growth amid pandemic, but margins shrink
BEIJING/SHANGHAI: China’s biggest listed banks posted higher profits in the first quarter despite the wider impact of the coronavirus pandemic on the...
Swabi farmers seek financial aid as hailstorm destroys tobacco and wheat crops
PESHAWAR: Farmers from Swabi district on Tuesday demanded the federal government to provide them with a financial package as recent hailstorm has...
VEON appoints Erwan Gelebart as JazzCash CEO
VEON Ltd and Euronext have announced the appointment of Erwan Gelebart as the Chief Executive Officer of JazzCash, effective from May 18...
EMPG, OLX Group announce merger of MENA and South Asia businesses
Deal includes OLX Group's businesses in Pakistan, Egypt, the UAE and Lebanon
ADB to provide $15m concessional loan for urban development in Punjab
ISLAMABAD: Asian Development Bank (ADB) will provide Pakistan with a concessional loan worth $15 million for urban development projects in Punjab.
A signing...
Stocks rebound amid improved market sentiments
KARACHI: After a disappointing close to the previous session, the Pakistan Stock Exchange (PSX) turned its direction on Tuesday, with the indices...
Chinese company to set up industrial unit in Pakistan
BEIJING: A leading Chinese company, currently exporting agriculture machinery to Pakistan, has a plan to build a factory to manufacture machines and...
Europe restarts car factories as virus cases fall
FRANKFURT: German car-making giant Volkswagen resumed production at its biggest factory on Monday as part of a broader industry drive to get...
Remittances expected to reach $21bn in current fiscal year
The Ministry of Finance has said that the government measures announced recently to boost remittances have paid off as remittances have already...
Altern Energy to negotiate tariff-related issues with govt
The Board of Directors of Altern Energy Limited (AEL), in its meeting dated April 27 authorised management to proceed for contractual negotiations...
Stock markets rise on virus hopes as oil tanks
Equity markets rallied Tuesday as governments across the world started to ease coronavirus lockdown measures, but oil prices tumbled as a supply...
US oil falls below $11 as fund sells off holdings
US oil nosedived below $11 a barrel Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and...
Pakistan, Afghanistan trade at standstill amid Covid-19 crisis
ISLAMABAD: Businessmen have requested the authorities concerned to allow export of Pakistani consignments to Afghanistan through Chaman, Torkham and Khorlachi borders which...