Trump considered daughter Ivanka for head of World Bank

'She would've been great at that because she's very good with numbers' WASHINGTON: President Donald Trump considered nominating his daughter to head the...

Stock market gains 550 points as investor confidence improves

Overall trading volumes improved by 32pc and were recorded at 189.15m KARACHI: After few early bumps, the Pakistan Stock Exchange managed to stand...

Asad Umar meets ADB, WB officials in Washington

ISLAMABAD: A Pakistani delegation, led by Finance Minister Asad Umar, met with the representatives of Asian Development Bank (ADB), World Bank (WB) as...

Toyota sees new business opportunity in leveraging hybrid tech

TOYOTA CITY: The head of Toyota Motor Corp's electric vehicle (EV) business has said that the automaker has received enquiries from more...

Abraaj founder, managing partner arrested on fraud charges

NEW YORK/LONDON: The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd were arrested on the...

‘Next budget to be made in light of IMF programme’

A staff level mission will be visiting Pakistan this month to finalise the Memorandum of Economic and Financial Policies, which will...

CCP imposes hefty fine on 18 electric cable manufacturers

ISLAMABAD: The Competition Commission of Pakistan (CCP) on Thursday imposed a penalty of Rs18 million on 18 electric cable manufacturers for violating Section...

Huawei says its equipment as secure as any, pans US campaign

BRUSSELS: China's Huawei Technologies said on Thursday the security of its telecoms network equipment was as tight as any, and hit back at...

SBP reserves decrease by $220m, stand at $10.27bn

KARACHI: The total liquid foreign reserves of the country stand at $17.228 billion, said the State Bank of Pakistan (SBP). According to the SBP's...

Pakistan offers 52 Super Mushak aircraft to Turkey

ISLAMABAD: Pakistan has offered 52 Super Mushak Aircraft to Turkey under the Pak-Turk Strategic Economic Framework (SEF). According to sources, the prime minister recently...

PM assures maximum facilitation of Chinese companies in Pakistan

ISLAMABAD: Prime Minister Imran Khan said on Thursday that the government accorded top priority to the China-Pakistan Economic Corridor (CPEC), as it would...

Sustained efforts required for Pakistan’s economic revival: Dawood

LAHORE: Prime Minister's Advisor on Commerce Abdul Razak Dawood said that Pakistan was ready to take its economy forward but the task required...

UAE’s Mubadala Petroleum mulls further expansion in Pakistan

ISLAMABAD: Mubadala Petroleum, an international oil and gas company based in the UAE, has expressed a keen interest in further strengthening its foothold...

Negotiations on Pak-Turkey FTA to conclude in June

'Pakistan and Turkey can increase bilateral trade from the existing $598m to $6bn in the near term' ISLAMABAD: Negotiations on the Free Trade Agreement...

Services trade deficit shrinks 36.54pc in eight months FY19

ISLAMABAD: The country's services trade deficit narrowed by 36.54pc during the first eight months of the current fiscal year as compared to...