Nestle CEO not getting carried away by strong first-quarter sales growth
ZURICH: Nestle Chief Executive Mark Schneider warned on Friday against reading too much into the company’s first-quarter results, which marked its best quarterly...
3QFY20: Indus Motor reports 20pc decrease in profit
LAHORE: The Board of Directors of Indus Motor Company Limited (INDU) met on Friday to review the company's performance and announce its...
Territorial disputes to hamper Diamer-Bhasha Dam progress
Harban tribe of Kohistan and Thor tribe of Diamer are both claiming ownership of 8km land in Gandlo Nala area
HSBC to push on with overhaul ‘wherever possible’ despite crisis
LONDON: HSBC will press ahead with plans to shift capital from underperforming businesses, cut costs and strip out layers of management, despite...
Stocks close flat in range-bound session
KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range on Friday, with the benchmark KSE-100 Index failing to capitalise on...
NICL to invest Rs1.6b for expansion of caustic soda plant
The Board of Directors of Nimir Industries Chemicals Limited (NICL), in its meeting held on April 24, 2020, approved capital investment of...
PIA reduces fares of special flights by 20% to 30%
The Pakistan International Airline has reduced its special flights’ fares by 20 to 30 percent, extending maximum relief to the nationals stranded...
Pakistan’s exports to Africa surge by 10%: Razak
Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Friday disclosed that even in these testing times, Pakistan's exports...
Build the future, not the past
Business owners longing for things to return quickly to what they were in pre-Covid-19 days may be on the wrong side of history
Dollar strengthens against rupee in interbank market
After weakening by Rs 6.99 or 4.19% in the last six days, the US dollar rebounded on Friday by Rs 1 or...
Asian shares fall over Covid-19 drug doubts, economic damage concerns
TOKYO/WASHINGTON: Asian shares and US stock futures fell on Friday, spurred by doubts about progress in the development of drugs to treat...
Oil prices jump more than $1 after week of turmoil amid virus outbreak
TOKYO: Oil prices jumped again on Friday, gaining more ground as producers like Kuwait said they would move to cut output and...
Thal Limited approves merger of wholly-owned subsidiary
The Board of Directors of Thal Limited (THALL), in its meeting held on April 23,2020 passed a resolution and approved a scheme...
SECP reaches out to market participants to assess Covid-19 impact
The Securities and Exchange Commission of Pakistan’s (SECP) is actively engaging the market stakeholders to mainly assess the situation arising out of...
US House approves new $483b coronavirus stimulus package
WASHINGTON: The US House of Representatives voted Thursday to add another nearly half-trillion dollars to efforts to stimulate an economy ravaged by...