Removal of import duty on cotton demanded
KARACHI: The All Pakistan Textile Mills Association (Aptma) on Tuesday urged the government to withdraw 11 percent duties and taxes on cotton...
FPCCI asks for the removal of Dawood
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded the removal of Abdul Razak Dawood for not being business...
Diamond Industries restrained from using Master’s trademark ‘Papa Jaani’
Pakistan Electronic Media Regulatory Authority, through a notification, has directed all satellite television licencees to comply with the orders of the Intellectual...
Spooked by Libra, EU pledges to regulate digital currencies
BRUSSELS: France and Germany have said that Libra, whose size would dwarf cryptocurrencies such as bitcoin, could limit their monetary sovereignty.
“Europe needs a...
Govt mulls manufacturing of mobile phone devices in Pakistan
ISLAMABAD: In a positive development, the government has decided to facilitate the assembly and manufacturing of cellphones in the country.
According to the Engineering...
PTI official requests PM to replace NBP regional head
ISLAMABAD: An office-bearer of the Pakistan Tehreek-e-Insaf (PTI) has requested the prime minister to replace the head of National Bank of Pakistan's...
‘Consumers to get cheap, uninterrupted electricity during winter’
ISLAMABAD: Power consumers, including domestic and industrial, will be provided uninterrupted and cheap electricity during the upcoming winter season and a scheme...
Are Daraz pick-up points a good business strategy?
One of the biggest challenges faced by the e-commerce industry is fulfilment. That is making timely deliveries. But what if a customer...
Omer Ismail makes it to Fortune’s most influential under 40 list
Omer Ismail, a Pakistani finance professional, has been named in Fortune's Most Influential Under 40 List for 2019.
The 39-year-old is the only...
Govt accumulates record debt of Rs7.5tr in one year
The Pakistan Tehreek-e-Insaaf (PTI) government, in its first year, has accumulated a record public debt of Rs7,509 billion, according to official documents...
Sterling tumbles after reports of Brexit talks close to breakdown
LONDON: Sterling hit a one-month low against the euro on Tuesday after reports that Brexit talks between Britain and the European Union are...
Strong smartphone sales raise hopes of Samsung turnaround
SEOUL: Strong sales of Samsung Electronics’ Galaxy Note 10 smartphone series are limiting forecast profit falls at the South Korean tech giant, raising...
Nestlé inaugurates $22m manufacturing plant in Sheikhupura
Punjab Governor Chaudhry Mohammad Sarwar inaugurated a state-of-the-art manufacturing plant at Nestlé Pakistan's Sheikhupura Factory.
The production capacity of the Nestlé Fruita Vitals...
Hyundai opens digital store in Karachi, unveils ‘Ioniq’ hybrid car
KARACHI: Hyundai Nishat Motor (Private) Limited (HNMPL) on Tuesday unveiled its 'Ioniq' hybrid car while inaugurating its digital showroom at the Emerald...
KSE-100 slips 160 points as seven-day winning streak ends
KARACHI: Putting an end to its seven-day winning streak, the Pakistan Stock Exchange (PSX) landed in the red zone on Tuesday.
During the last...