PM inaugurates Huawei ICT Lab at NAMAL

Prime Minister Imran Khan on Saturday inaugurated Huawei ICT Lab at NAMAL University, Mianwali, where he was briefed about the state-of-the-art information...

New tax ordinance may threaten fertiliser supply

LAHORE: Stakeholders in the fertiliser industry have expressed their fears that the recent tax ordinance passed by the federal government on 26th December...

‘Ghosn fled Japan after security firm hired by Nissan stopped surveillance’

TOKYO: Ousted Nissan boss Carlos Ghosn left his Tokyo residence after a private security firm hired by Nissan Motor Co stopped monitoring him,...

Weekly inflation increases 0.74pc  

ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on January 2 increased by 0.74pc as compared to the...

China banking regulator eases market access for foreign lenders

SHANGHAI: China's banking and insurance regulator (CBIRC) has released new rules which make it easier for foreign lenders to enter the Chinese market. The...

Shah Maqsood-Abbottabad section of Hazara Motorway opens for public

ABBOTTABAD: The Shah Maqsood-Abbottabad section of Hazara Motorway was opened for public on Saturday. According to details, Hazara Motorway section–I was initially opened...

SNGPL to expand gas network in KP

In order to overcome the UFG (Unaccounted for Gas) losses in the southern districts of Khyber Pakhtunkhwa, the Sui Northern Gas Pipeline...

AdTech startup Screen-IT raises $250,000 in seed funding

LAHORE: Digital advertising startup Screen-IT raised $250,000 in seed funding from Germany-based Coeus Solutions. Screen-IT CEO Hamza Malik told Profit that Coeus Solutions...

Dual nationals shortlisted for SNGPL MD’s position

ISLAMABAD: The Petroleum Division has recommended the names of two dual nationals for the important position of managing director/chief executive officer of...

GDA demands Rs2bn to address water supply issues in Gwadar

Electricity, high-speed internet still a distant dream for proposed Smart City in Gwadar

FBR’s Benami Authority barred from taking action against Arif Habib Ltd 

ISLAMABAD: The Sindh High Court (SHC) on Friday barred the Benami Transaction Adjudicating Authority of the Federal Board of Revenue (FBR) from...

Uber’s acquisition of Careem closes; CCP yet to approve it for Pakistan

ISLAMABAD: San Francisco based ride-hailing company Uber on Friday confirmed the official close of the previously announced acquisition of Middle Eastern company...

Musk defies skeptics, meets Tesla delivery goal; shares hit record

Tesla Inc beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a...

Recent tariff adjustments not entirely applicable on consumers: KE

K-Electric has reiterated that media reports regarding 'more than Rs4 hike in consumer bills' were misleading. According to the KE spokesperson, “Some news...

December US factory activity weakest in a decade 

The US manufacturing sector contracted in December by the most in more than a decade with order volumes crashing to near an...