Moderna says its vaccine is 94.5pc effective in preventing Covid-19
Moderna Inc said on Monday its experimental vaccine was 94.5pc effective in preventing Covid-19 based on interim data from a late-stage clinical...
Pakistan to be special partner at CAEXPO in China
BEIJING: Pakistan will be a special partner country at the forthcoming 17th China-ASEAN Expo (CAEXPO) scheduled to be held on November 27...
Foreign direct investment surges 151pc to $317m in October
Foreign direct investment (FDI) into the country surged 151pc year-on-year to $317.4 million in October 2020, compared with $126.5 million in the...
Abu Dhabi’s Etihad to start direct flights to Israel next year
DUBAI: Abu Dhabi’s Etihad Airways said on Monday it would start daily flights to Tel Aviv in March after the United Arab...
Global stocks head for record high on recovery, vaccine hopes
LONDON/SYDNEY: Global stocks eyed a fresh record high on Monday as signs of economic recovery in China and Japan, recent strong corporate...
Saudi Aramco plans debt market comeback with multi-tranche bond deal
DUBAI: Saudi Aramco said on Monday it had hired banks for a multi-tranche U.S. dollar-denominated bond issuance, as the world’s largest oil...
Nissan exploring possible sale of 34pc stake in Mitsubishi Motors: Bloomberg
TOKYO: Nissan Motor 7201.T is looking to sell some or all its 34% stake in Mitsubishi Motors 7211.T, Bloomberg News reported on Monday, citing...
Banking sector investments surge by Rs2tn: SBP
ISLAMABAD: Investments of the banking sector, amid weaker demand for advances and abundant liquidity, surged by Rs2 trillion during the first half...
Import of costly LNG to hit masses, double circular debt: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said that the government is importing costly gas which will affect the masses and...
Imported wheat to be available for consumers at Rs87.50 per kg
PESHAWAR: The Khyber Pakhtunkhwa (KP) government has imported an ample quantity of sugar that would be provided to people at Rs87.50 per...
Pakistan, China working on transportation projects under CPEC: Haque
BEIJING: Pakistan’s Ambassador to China Moin-ul-Haque has said that Pakistan and China are discussing and working on many other transportation projects under...
Trade delegation to visit Afghanistan on Monday
ISLAMABAD: Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood on Sunday said that a trade delegation would leave for...
Govt brings down petrol price to Rs100.69 per litre
The federal government on Sunday announced a cut in the prices of petroleum products, bringing a litre of petrol down to Rs100.69.
In...
SHC issues stay order against reduction in pilots’ salaries, flying hours
KARACHI: The Pakistan Airline Pilots’ Association (PALPA) has taken a stay order against the reduction of pilots’ guaranteed flying hours and pay...
Hammad Azhar vows tax cuts for businesses to spur economic growth
LAHORE: Federal Minister for Industries and Production Hamad Azhar has said that taxes on businesses will be reduced in order to expedite...