Petroleum sales hit record two-year high in October
Sales of petroleum oil products (POL) hit a two-year high in October with 1.7 million tonnes of petroleum products sold, an increase...
Nintendo raises Switch forecast to 24 million units on pandemic gaming boom
TORONTO: Nintendo on Thursday said it expects to sell 24 million of its Switch games consoles in the year ending March 2021,...
Dubai Islamic Bank selects Blitz Advertising as creative agency
KARACHI: Following a lengthy creative review that started in March 2020, Dubai Islamic Bank has selected Blitz Advertising as its new creative...
IOCO to revise duty drawback rates for improving textile exports
LAHORE: Input Output Coefficient Organisation (IOCO) has assured All Pakistan Textile Mills Association (APTMA) leadership of revising duty drawback rates on exports,...
Alibaba beats quarterly revenue estimates
BEIJING: China’s Alibaba Group Holding Ltd beat estimates for quarterly revenue on Thursday, as its core e-commerce business continued to grow following...
Airbnb to make IPO filing next week, braving Covid-19 surge
TORONTO: US home rental company Airbnb Inc plans to make its initial public offering (IPO) registration public as early next week, setting...
ADB to provide $10bn for development projects
The Asian Development Bank (ADB) will provide about $10 billion in fresh assistance to Pakistan over the next five years to speed...
‘Pakistan needs to import 400,000MT LPG to meet consumers’ demand in winter’
ISLAMABAD: Liquefied Petroleum Gas Distributors Association (LPGDA) on Thursday projected that the country was in need of importing 400,000 Metric Tonnes (MT)...
4,400 acres PR land under illegal occupation
ISLAMABAD: Some 4,400 acres land of Pakistan Railways (PR) was currently under unauthorised occupation of institutions and private persons in all provinces...
Dollar loses ground as Biden inches closer to White House
TORONTO: The dollar slipped to its weakest level in more than two years against the yuan and eased against other Asian currencies...
World food price index rises in October for fifth month running
ROME: World food prices rose for a fifth month running in October, fully recovering from the shock caused by the global coronavirus...
Kremlin says lack of clarity at US election could have bad impact on global economy
MOSCOW: The Kremlin said on Thursday that the lack of clarity after the Nov. 3 U.S. presidential election so far could have...
PHMA welcomes cut in power tariff for SMEs
LAHORE: The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has welcomed the cut in power tariff for small & medium enterprises (SMEs).
The association...
PALPA rejects cut in salaries, benefits
KARACHI: Pakistan Airlines Pilots Association (PALPA) on Wednesday rejected the slash in salaries and benefits of privileged employees.
The PALPA spokesperson in a statement...
CPEC attracted $25bn FDI in seven years: China
BEIJING: The China-Pakistan Economic Corridor (CPEC) has achieved major progress since its launch seven years ago, bringing a total of $25 billion of...