Govt earmarks Rs60bn for highway projects
The government of Pakistan has decided to undertake several highway projects with an estimated cost of Rs60 billion on a build, operate and transfer (BOT) basis
Rare earths: The latest weapon in the US-China trade war
BEIJING: They are used in everything from lightbulbs to guided missiles, but with China controlling 95 per cent of the world's supply...
Huawei challenges US defence bill as sanctions fight ramps up
HONG KONG: China's Huawei Technologies Co Ltd has filed a legal motion seeking to declare a US defence law unconstitutional, in the telecom...
EDB opposes relaxation for importers of used cars
'Facilitation of importers will undermine the expected investment plan of $3.2bn in the auto sector'
ISLAMABAD: As the government was mulling to withdraw...
PIA to resume flights between Beijing and Tokyo
The Pakistan International Airlines (PIA) will resume flight operations between Chinese and Japanese capitals, Beijing and Tokyo, from May 30 in order...
ECC likely to approve Stock Market Support Fund tomorrow
ISLAMABAD: Amidst uncertainty in the performance of the stock market and Pakistani Rupee, the Economic Coordination Committee (ECC) of the Cabinet is likely...
CPHGC Unit II synchronised with national grid
The 660MW Unit II of the China Power Hub Generation Company (CPHGC) 2x660MW coal-fired power plant was successfully synchronised with the national...
Fraud probe targets top Porsche bosses: report
FRANKFURT: Three top executives at Volkswagen subsidiary Porsche including chief Oliver Blume are under investigation over alleged excessive payments to a former works...
‘Import of cheap RON fuel will retrograde motorcycle industry’
PAMA says govt's proposal to import cheap RON fuel will result in the rollback of all efforts and investments made to...
NEC approves 4pc GDP growth target for next fiscal year
PM stresses need for complete understanding and coordination between federal and provincial govts
ISLAMABAD: The meeting of the National Economic Council (NEC), chaired...
Abraaj founder released from custody after $19 million bail payment
Arif Naqvi will have to surrender his Pakistani passport, wear an electronic tag and remain under 24-hour curfew
LONDON: Arif Naqvi, the Pakistani...
China warns US not to politicise exchange rates
BEIJING: China warned the United States on Wednesday not to "politicise" the exchange rate of its currency amid a festering trade war between...
PSX gains over 1,000 points as market sentiment improves
KARACHI: Stocks staged a rally on Wednesday with the KSE-100 index benchmark gaining over 1,000 points intraday.
Positive sentiments prevailed at the exchange following...
President orders audit of AGP
ISLAMABAD: President Dr Arif Alvi, for the first time in the country's history, ordered the audit of the Auditor General of Pakistan (AGP).
According...
Up to 41pc increase in airfare ahead of Eid
Two-way ticket from Lahore to Karachi is being sold up to Rs39,500 from the previous Rs28,000
The Pakistan International Airlines (PIA) and...