Stocks drop 99 points in range-bound trading
KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another range-bound trading session on Thursday, as the indices swung in both directions before...
BMW profits dented by electric vehicle investment costs
FRANKFURT: German high-end carmaker BMW on Thursday reported slumping second-quarter profits, with pricey investment in electric cars sapping the bottom line, but...
Chinese billionaire indicted in US for alleged $1.8bn aluminum tariff evasion
WASHINGTON/NEW YORK: A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded...
Rs5.15 per litre hike in petrol price
LAHORE: The federal government on Wednesday approved a hike in petroleum prices by up to 10 per cent following an increase in...
Tauseef H. Farooqi appointed as NEPRA chairman
The government on Wednesday appointed Tauseef H Farooqi as Chairman of the National Electric Power Regulatory Authority (NEPRA) for a term of...
IFC to invest $2.5m to support tech startups in Pakistan
ISLAMABAD: The International Finance Corporation (IFC), a member of the World Bank Group, will invest $2.5 million in Sarmayacar, one of the first...
PM calls for revamp of Utility Stores Corporation
A delegation of the Utility Stores Corporation called on Prime Minister Imran Khan on Wednesday, according to a media report.
The meeting underscored...
FBR seeks income details of Karachi doctors
The Federal Board of Revenue (FBR) has issued notices to renowned medical centres across Karachi, seeking income details of physicians and surgeons.
According...
IESCO officials allegedly rob power consumers of Rs1.8bn
ISLAMABAD: The Islamabad Electric Supply Company (IESCO) officers, allegedly in connivance with the staff of private banks and collective bargaining agent (CBA), have...
Number of taxpayers increases by 700,000: FBR
The number of taxpayers in Pakistan has increased by 700,000 over the last one year, according to a private media outlet.
As per...
‘Govt committed to facilitating private sector development’
ISLAMABAD: Planning, Development & Reform Minister Makhdoom Khusro Bakhtiar has said that the incumbent government is committed to facilitating private sector development...
Asad Umar warns of peak inflation in next four months
Former finance minister Asad Umar said late Tuesday that according to his assessment inflation rates would peak in the next two to...
Huawei still number two smartphone seller despite US sanctions
Samsung's market share increases to 22pc, Huawei to 17pc and Apple 11pc
WASHINGTON: Huawei remained the number two global smartphone vendor in the...
OGRA bans use of CNG, LPG in school vans, PSVs
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has imposed a complete ban on the use of Compressed Natural Gas (CNG) and Liquefied...
Traders announce to hold four countrywide strikes in Aug
LAHORE: All Pakistan Anjuman-e-Tajran (APAT) on Wednesday announced to hold four countrywide strikes against the imposition of new taxes by the government.
In the...