KSE-100 ends with 487-point gain amid low turnover
KARACHI: The Pakistan Stock Exchange (PSX) remained in the green zone throughout the session on Wednesday, with the indices registering decent gains...
Cheetay Logistics claims to have raised $7.8m from US investors
Cheetay Logistics (Pvt) Ltd has claimed to have raised $7.8 million in a Series A round from US-based investors.
"After securing the amount,...
Jack Ma steps down as Alibaba chairman
SHANGHAI: Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task...
NAB investigation shakes foreign investors’ confidence in Pakistan
ISLAMABAD: Top LNG global suppliers have decided not to take part in the recent tender due to National Accountability Bureau’s (NAB) investigation...
Govt to increase power generation by three times
ISLAMABAD: The government plans to increase the country’s power generation capacity by almost 300 per cent in the next 20 years to...
Pakistan to challenge $6.2bn Reko Diq penalty: minister
Power Division Minister Omar Ayub Khan said on Monday that Pakistan has decided to challenge the $6.2 billion penalty in the Reko...
Crisis-hit Nissan CEO resigns amid pay probe
YOKOHAMA: Nissan's CEO said Monday he will step down next week, deepening the crisis at the Japanese car giant still reeling from the...
Germany mulls shadow budget to circumvent strict debt rules
BERLIN: Germany is considering the creation of a “shadow budget” that would enable Berlin to boost public investment beyond the restrictions of constitutionally...
Govt urged to reshape economic policies in view of global recession
SAARC Chamber of Commerce and Industry Senior Vice President and Pak-US Business Council Chairman Iftikhar Ali Malik said on Monday that sustainable...
British Airways cancels ‘nearly 100pc’ of flights as pilots begin two-day strike
British Airways pilots began a 48-hour strike on Monday, grounding nearly all its flights and disrupting thousands of travellers’ plans in unprecedented...
Japan downgrades second-quarter GDP as trade war hits business investment
TOKYO: Japan’s economy grew at a slower pace than initially estimated in the second quarter as the US-China trade war prompted a downward...
China expedites work on $1.7bn Matiari-Lahore transmission line
BEIJING: China has expedited its initial work on the Matiari-Lahore high-voltage direct transmission line project valued at $1.7 billion.
To kick off the...
Taiwan challenges Indian ICT duties at WTO
GENEVA: Taiwan has requested consultations with India on duties imposed on imports of certain information and communications technology goods, the first step in...
Ferrari mixes sport with power in new Spider and GTS models
MARANELLO: Italy’s Ferrari showed off two new cars on Monday as it pursues an aggressive roll-out of new premium models to sustain turbo-charged...
India’s monthly passenger vehicle sales log worst-ever drop in Aug
NEW DELHI: India's monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to data released by an...