Shell profit edges higher to $6bn in first quarter
LONDON: Energy giant Royal Dutch Shell on Thursday said net profit edged higher to $6 billion in the first quarter, with the advance...
KSE-100 drops 236 points amid dull trading
KARACHI: Bearish trend prevailed at the Pakistan Stock Exchange (PSX) on Thursday, as the indices continued to slip amid low volumes. Foreign investors...
Efforts underway to enhance cotton production: Dawood
Growers urged to produce contamination-free cotton in order to fetch better prices from the int'l market
MULTAN: Advisor to Prime Minister on Commerce...
OPEC says determined to avoid an ‘energy crisis’
TEHRAN: OPEC is determined to avoid a global "energy crisis" as some of its members are facing international sanctions and others struggling with...
PSM privatisation process to commence once again
It has been speculated that around 5 to 6 international firms have approached the federal government to reach an arrangement for the privatisation and revival of PSM.
‘Use of oil as weapon by nations threatens Opec’
Any country using oil as a weapon could cause the collapse of oil producer group Opec, Iran’s Oil Minister Bijan Zanganeh said on Wednesday.
PSX warns against short selling, brokers dismayed
The official added that without this speculative activity, the prices would improve and the index would start moving upwards.
PTC launches its ‘Made in Pakistan’ exports initiative
Pakistan Tobacco Company (PTC) Limited, a subsidiary of a British American Group (BAT), launched its exports initiative “Made in Pakistan” aiming at...
Soneri Bank announces profit after tax of Rs723mn for first quarter of 2019
Soneri Bank Limited posted profit before tax (PBT) of Rs1,201 million and profit after tax (PAT) of Rs723 million for the quarter...
China to further open up banking, insurance sectors
BEIJING: In another move took to opening its $44 trillion financial sector to the world, China has announced to remove limits on...
HBL represents Pakistan at BRI forum in China
A high-powered delegation from Habib Bank Limited (HBL) its President and CEO HBL Muhammad Aurangzeb attended the financial forums held under the...
CM Shah hopes federal govt’s talks with IMF on sales tax would be according to constitution
KARACHI: Sindh Chief Minister Syed Murad Ali Shah Wednesday said that he believed as Pakistan moved forward in the talks with International...
Tyre smuggling caused Rs30bn loss to govt: Hussain Kuli Khan
ISLAMABAD: General Tyre and Rubber Company of Pakistan (GTR) Chief Executive Officer Hussain Kuli Khan Wednesday said that as per the statistics...
Pakistan ensures safety valve in BoP clause with China
Pakistan has ensured a safety valve in the balance of payments clause under the Free Trade Agreement (FTA) with China which would...
Defaulters owe Rs244.8bn to electric companies, majority being connections to tube wells
Energy defaulters owe a total of Rs244.79 billion as 10 major electricity distribution companies have published names of 45,914 defaulters.