China slams US defence law over trade restrictions
BEIJING: Beijing on Thursday said it “firmly opposes” trade restrictions included in a new US defence law, having already admonished the bill...
China clamps down on risks in rental housing market
BEIJING: China will curb financial risks in the rental housing market by tightening lending to rental housing companies and capping the ratio of...
Amid criticism, govt decides to sensitise people about gas, power hikes
ISLAMABAD: Amid severe criticism from public and opposition parties over skyrocketing gas and electricity prices, the government has directed the petroleum and...
‘Saudi-Kuwaiti accord paves way for resumption of oil production’
DUBAI: Saudi Aramco said on Wednesday a new agreement between Saudi Arabia and Kuwait paves the way for the resumption of oil production...
Malware broker behind US hacks now teaching computer skills in China
LONDON/SHANGHAI: A Chinese malware broker who was sentenced in the United States this year for dealing in malicious software linked to major hacks...
Govt to further burden power consumers under IMF programme
--Govt to introduce 'new surcharges' in a bid to reduce circular debt
--NEPRA Act will be amended to eliminate delays in tariff adjustments
ISLAMABAD:...
Chinese delegation visits FIEDMC to explore investment opportunities
ISLAMABAD: A delegation of Chinese investors on Wednesday visited Allama Iqbal Industrial City, a prioritised project in the special economic zone of...
Nepal detains 122 Chinese for suspected cybercrime and bank fraud
KATHMANDU: Police in Nepal have detained 122 Chinese men and women in its biggest crackdown on crime by foreigners entering the country...
Trump says he and Xi will sign China trade deal
PALM BEACH: US President Donald Trump said he and Chinese President Xi Jinping will have a signing ceremony to sign the first...
PSX appoints Farrukh Hussain Khan as CEO
KARACHI: The Pakistan Stock Exchange (PSX) has appointed Farrukh Hussain Khan as its new chief executive officer, as per a notification released...
PM welcomes Al Tamimi Groups’ investment interest in Pakistan
ISLAMABAD: Prime Minister Imran Khan on Tuesday welcomed Al-Tamimi Group of Companies' investment interest in food processing, dairy & livestock, and meat...
Oil rises on supply cut pledges and slow return of Gulf field
NEW YORK: Oil prices rose on Tuesday in thin pre-Christmas trading after Russia said cooperation with OPEC on supply cuts would continue...
IMF notes stability in Pakistan’s banking sector
KARACHI: The banking sector remains stable, but credit conditions are tight, according to a staff report by the International Monetary Fund (IMF).
At end-September...
Govt’s decision to impose 8pc tax on NTC likely to be reversed
ISLAMABAD: National Telecommunication Corporation (NTC) Managing Director Brig (r) Viqar Rashid Khan said that the government has identified the flaw in 8pc...
Pakistan’s power sector debt swells to Rs1.69tr
Electricity tariff may increase further in January 2020