German car sales stuck in reverse gear
FRANKFURT: New car registrations in Germany fell back in April, official data showed on Friday, in a sign the vital industry is still...
IMF seeks 25 per cent tariff hike amid bailout discussions
If the current government fails to control its losses then it would need to collect Rs367 billion in FY 2018-19 and Rs384 billion in FY 2019-20 in the form of increased tariffs.
Pak Suzuki announces yet another price hike, Cultus, Swift up Rs30,000
Auto industry experts speculate that Suzuki might adopt a similar business model to the one it follows in India where it offers 15 to 20 passenger vehicles, which is not the case in Pakistan.
Vegan startup substituting meat raises $241 million from IPO
Beyond’s rival Impossible, meanwhile, has linked up with Burger King to offer a vegan version of its signature Whopper. Nestle and Unilever are also aiming to expand their presence in the expanding sector.
Amended AML bill to give excessive powers to investigators, NA told
Opposition fears the bill could be used for political victimisation
ISLAMABAD: As leading politicians are facing cases related to money laundering, the...
Moot suggests Pakistan, Russia to follow CPEC model
ISLAMABAD: Scholars at a seminar urged further cementing Pak-Russia relations with an economic overview, calling for adopting a pattern of China, Pakistan Economic...
SBP reserves fall 2.4pc, stand at $8.8bn
The foreign exchange reserves held by the central bank declined 2.43pc on a weekly basis and were recorded at $8.8 billion, according...
World’s first Urdu based ‘Siri-styled’ voice-recognition AI bot launched
KARACHI: The underlying theme of this year's Smart CX conference, held in Karachi, was the use of innovative technology to enhance customer experience...
Arif Naqvi faces 24-hour curfew after bail decision
A British court has ordered former Abraaj chief executive Arif Naqvi be freed on £15 million bail while he fights extradition to...
‘Financial literacy to become part of new curriculum’
ISLAMABAD: Education Minister Shafqat Mahmood has shed light on the importance to inculcate financial discipline, savings culture and investment benefits among the youth...
Qatar agrees to supply LNG to Pakistan on low rates: sources
'The new LNG supply agreements will help Pakistan save approximately $2.5bn in 10 years'
ISLAMABAD: The government has convinced Qatar to supply 400...
IDB committed to enhancing economic cooperation with Pakistan
ISLAMABAD: Islamic Development Bank (IDB) President Dr Bandar M H Hajjar said on Thursday that the bank would extend all possible cooperation for...
Power companies disclose defaulters as arrears rise above Rs300bn
LAHORE: The outstanding amount of electricity bills in the country has reached over Rs300 billion, as the electricity distribution companies have displayed names...
Govt not considering privatising Pakistan Steel Mills, NA told
ISLAMABAD: Minister of State for Parliamentary Affairs Ali Muhammad Khan on Thursday informed the National Assembly that the government was not considering privatising...
Dawood vows further facilitation of business community in upcoming budget
PM's aide says govt wants to help investors grow their businesses, engage in exports and contribute more to national economy
PepsiCo...