OGDCL discovers oil and gas reservoir in Sindh
The Oil and Gas Development Company Limited (OGDCL) has revealed the discovery of oil and gas reservoir in district Sanghar, Sindh.
According to...
Facebook to pay record $5bn US fine over privacy violations
WASHINGTON: Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media...
Telenor Microfinance Bank appoints Mudassar Aqil as CEO
The Board of Directors (BOD) of Telenor Microfinance Bank has appointed Mohammad Mudassar Aqil as the bank's new chief executive officer. He...
Chinese company to invest $20m in Pakistan’s services sector
Timesaco will launch a taxi service 'Buraq', delivery service 'Fema' and freight service 'Cargo+'
ISLAMABAD: Chinese investors have worked out a comprehensive business...
Mobile phone imports dip 11pc to $755.5m
ISLAMABAD: The imports of mobile phones into the country decreased by 10.87pc during the Financial Year 2018-19, as compared to the corresponding period...
HBL posts Rs9.9bn profit before tax in first half 2019
HBL on Wednesday declared a consolidated profit before tax of Rs9.9 billion for the six months ended June 30, 2019, with earnings...
US, China to hold trade talks early next week
WASHINGTON: US negotiators will visit China early next week for trade negotiations, US Treasury Secretary Steven Mnuchin told CNBC in an interview on...
Bears return as KSE-100 drops 314 points
KARACHI: After posting gains for two consecutive sessions, the Pakistan Stock Exchange (PSX) once again went under the control of bears, as the...
Global oil market in glut, but not a big enough one for OPEC
LONDON/DUBAI: OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts,...
Shahbaz Jameel appointed as ZTBL president
In pursuance of the Federal Cabinet’s decision, Muhammad Shahbaz Jameel, a senior banker, has been appointed as the president & CEO of...
Indian businessman Pramod Mittal detained in Bosnia
SARAJEVO: Indian businessman Pramod Mittal has been detained by police at a company in northern Bosnia on suspicion of organised crime and...
Nissan warns of profit plunge, set to unveil 10,000 job cuts
YOKOHAMA: Nissan Motor Co Ltd warned on Wednesday that first-quarter profit tumbled around 90pc, a day before it is expected to announce...
Less than 500 expats invest miserly $26 million in Diaspora bonds
Less than 500 expatriates have invested in Prime Minister Imran Khan's Pakistan Banao certificates, raising a measly $26 million, and putting the...
Honda Atlas profits fall by 77pc
Car manufacturer Honda Atlas posted loss in profit of 77percent for the first quarter, ended June 30 2019, as their profits fell...
Property valuation rates increase by up to 60pc
The Federal Board of Revenue (FBR) has announced a fresh spike in valuation of properties across the country for the purpose of...