IMF forecasts global growth at decade low
WASHINGTON: The US-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund...
Sales of motorbikes, three-wheelers decline 19pc in 1QFY20
ISLAMABAD: The sales of motorcycles and three-wheelers dipped by 19.48pc during the first quarter of the current financial year 2019-20, compared to the...
ECNEC approves revised land acquisition cost for Dasu Hydropower Project
ISLAMABAD: The National Assembly's Standing Committee on Water Resources on Tuesday was informed that the Executive Committee of National Economic Council (ECNEC) has...
Hutchison Port Holdings announces $240m investment in Pakistan
'Investment will be used to build greater terminal capacity at Karachi Port'
'Hutchison Ports' total investment in Pakistan has now reached...
Joint venture strikes oil, gas in Kohat
ISLAMABAD: The Oil and Gas Development Company (OGDC) said on Tuesday that it has found oil and gas at its condensate at Togh...
No layoffs despite slowdown, says IMC
Indus Motor Company (IMC) has announced that there will be no layoff of employees despite a slowdown in production.
IMC has resumed production...
KSE-100 down 102 points as investors await FATF outcome
KARACHI: Bearish trend prevailed at the Pakistan Stock Exchange (PSX) on Tuesday, as the investors remained anxious ahead of the Financial Action...
Weekly inflation drops 0.44pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation (as on Oct 10th) decreased by 0.44pc for the combined consumption group.
The SPI for the...
China wants centralised digital currency after bitcoin crackdown
BEIJING: As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency -- one that could...
MCB Bank Limited to sell off its financial services arm
KARACHI: MCB Bank Limited has decided to ‘dispose’ off its wholly owned subsidiary MCB Financial Services Limited (MCBFSL) to ISE Towers REIT...
Exporters demand timely payment of refund claims amid cash flow crunch
KARACHI: Exporters have urged the government to restore the zero rating of sales tax for the five export sectors as current refund...
Iran sees strong future economic ties with Pakistan
LAHORE: Iranian Consul General Mohammad Reza Nazeri on Monday said that despite all odds, the bilateral trade between Pakistan and Iran is...
Insurers warned of their role in underwriting Afghan transit trade
ISLAMABAD: Tax authorities warned insurance firms on Monday over their role in underwriting billions of rupees of Afghan transit trade as several...
Govt receives bids from foreign banks to structure sovereign bonds
ISLAMABAD: Top global banks have placed bids for getting a contract to structure Pakistan’s upcoming sovereign bonds that the government wants to...
PLL to spurn directive of opening commercial offers for LNG supply
ISLAMABAD: Pakistan LNG Limited (PLL) is reluctant to open commercial offers made by bidders for the supply of 240 liquefied natural gas...