PSX mimics global markets, gains 369 points on Covid vaccine hopes
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday closed in green in line with global markets, which rallied on hopes of a...
Huawei to sell smartphone unit for $15bn to Shenzhen govt, Digital China, others: report
HONG KONG: Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led...
GroupM promotes Amna Khatib to chief digital officer
KARACHI: GroupM has promoted Amna Khatib to the C-suite as the chief digital officer. (CDO).
She is the second female member of...
No shortage of wheat after this month, ECC told
The Economic Coordination Committee (ECC) has been informed that wheat imported from Russia will reach Pakistan within this month after which there...
Pakistan can save $5bn by scaling up renewable energy: WB
ISLAMABAD: A World Bank (WB) study launched Tuesday suggests that a major scale-up of variant renewable energy (VRE) could help Pakistan save...
Global Markets: Vaccine euphoria keeps stocks cruising higher
LONDON: Stock markets and commodities continued to push higher on Tuesday after the euphoria of a coronavirus vaccine had sent global equity...
J.C. Penney rescue deal approved in bankruptcy court
NEW YORK: A US judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the...
US to see more Chinese listings as Biden will make art of deal easier, advisors say
HONG KONG: Chinese companies’ stock market listings in the United States reached a six-year high in 2020 and advisors expect the trend...
Adidas cautious for year end as pandemic returns
BERLIN: German sportswear firm Adidas expects sales to decline in the last three months of the year despite forecasting a return to...
Disneyland furloughs more workers, citing ‘limbo’ on reopening
LOS ANGELES: Walt Disney Co DIS.N said on Monday it was furloughing additional workers from its Disneyland theme park in Southern California, because...
Electrifying growth of renewables despite pandemic: IEA
PARIS: The coronavirus pandemic may have dealt a blow to energy demand but the growth of renewables in the electric power sector...
FBR asks Master Tiles to explain expenditure incurred on wedding of director’s daughter
ISLAMABAD: The Federal Board of Revenue (FBR) on Monday asked Master Tiles to explain expenditures incurred on the wedding ceremony of the...
PRA to bring marriage halls, caterers in tax net
LAHORE: The Punjab Revenue Authority (PRA) has launched a survey to gather information about marriage halls and lawns, caterers, and owners of marquees,...
Taj Afridi richest senator with Rs1.22bn assets; Zafarul Haq owns Rs50,000
Senate Chairman Sadiq Sanjrani owns assets worth Rs106.3m, whereas Shibli Faraz has assets up to Rs46.7m
Economic indicators highlighting positive trend: PM
PM Imran directs his economic team to highlight govt's achievements in media, berates opposition for 'using inflation issue for propaganda'