Tesco plans $6.6bn shareholder return from Asia disposals
LONDON/BANGKOK: Tesco (TSCO.L) plans to return $6.6 billion to shareholders after agreeing to sell its supermarket businesses in Thailand and Malaysia to...
ECC asked to fix wheat support price at Rs1,400
ISLAMABAD: Following a parliamentary committee's recommendations to encourage local farmers to grow additional wheat, the government on Monday decided to increase the minimum...
Trump blames oil fight, ‘Fake News’ for stock market drop
WASHINGTON: US President Donald Trump blamed a fight for oil market share between Saudi Arabia and Russia, as well as unspecified “Fake...
Zubair Gilani quits as BOI chairman
ISLAMABAD: Board of Investment (BOI) Chairman Zubair Gilani resigned from his post on Monday.
The announcement to this effect came through a brief...
SBP to announce monetary policy on 17th
Analysts expect a 'rate cut' amid increased concerns regarding impact of coronavirus outbreak on global economy
Gold imports up 3.61pc in seven months
ISLAMABAD: The gold imports into the country increased by 3.61 per cent during the first seven months of the current financial year (2019-20)...
OGRA notifies hike in RLNG prices
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday notified the revised prices of Re-gasified Liquefied Natural Gas (RLNG) for the current...
Akro & Excelsior all set to take over Mian Textile Industries
LAHORE: The Akro & Excelsior LLC -- a Texas-based company engaged in venture capital investments portfolio management -- submitted to the Pakistan...
Proposal to improve project management for effective administration approved
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh chaired a meeting here at the Finance Division...
Letting go
Everyone wants to be an entrepreneur. But it takes knowing your limitations and a big heart to make small, family business into large international companies.
Cheaper gold in Pakistan to lure foreign buyers
Gold prices have fallen one per cent due to profit-taking as gold scaled its seven-year high of $1,700 an ounce. This rally...
Pakistan among 20 countries most affected by China’s slowdown
ISLAMABAD: As coronavirus threatens the global economy, the United Nations Conference on Trade and Development (UNCTAD) has said that China's slowdown would...
Asian markets collapse as coronavirus threatens global economy
Equity markets collapsed on Monday as the rapidly spreading coronavirus fans fears over the global economy, while a crash in oil prices...
Rupee weakens against dollar
KARACHI: The Pakistani rupee weakened by 1.15 rupees or 0.75 percent against dollar on Monday after the Pakistan Stock Market (PSX) crashed and...
Shibli Faraz hints at interest rate cut
ISLAMABAD: Leader of the House in the Senate Syed Shibli Faraz has said that the inflation is coming down and if this...