Hong Kong-based company starts smartphone manufacturing in Pakistan
ISLAMABAD: A Hong Kong-based smartphone manufacturer, Infinix, has become the first smartphone company to start manufacturing in Pakistan. Prior to this, only a...
Textile millers reject proposed ban on cotton import
LAHORE: Textile millers on Friday rejected recommendations made by the National Assembly's Standing Committee on National Food Security and Research to impose...
Auto sales picking up after months of downslide, Senate panel told
ISLAMABAD: Although the auto industry had reported over 60pc decline in sales during the past few months "owing to inflation, price hikes and...
EU likely to extend Pakistan’s GSP+ status next month
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razzaq Dawood has hinted that the European Union might extend Pakistan's Generalised System of...
IMF, Pakistan reach staff-level agreement for $450m tranche
WASHINGTON: Pakistani authorities and the International Monetary Fund (IMF) staff have reached an agreement that could pave the way for a disbursement of...
CAA’s latest initiative may harm PM’s tourism plan
KARACHI: The Civil Aviation Authority (CAA) is looking at the possibility of suspending flight operations from 12 am to 6 am across the...
Govt mulls deregulating LNG sector to facilitate textile industry
'Import of LNG at competitive rates will help textile millers rationalise their production costs'
ePay Punjab fetches Rs1bn revenue in five months
LAHORE: ePay Punjab, the first-ever government payment aggregator for citizens’ facilitation and ease of business, has collected over Rs1 billion in tax...
Coronavirus scare takes over stock market
KSE-100 recorded its biggest intraday loss in a year, but recovered most ground to close 251 points lower
NPLs rise 11.8pc to Rs776bn in Dec 2019
KARACHI: The non-performing loan (NPLs) within the banking industry increased by 11.76pc YoY to Rs776 billion at the end of the last...
FATF ‘grey list’ poses credit risks to Pakistani banks: Moody’s
KARACHI: Pakistan’s banking system faces credit risk from the country’s continued inclusion on the Financial Action Task Force’s (FATF) ‘grey list’ of nations,...
NTDC gets Rs6.4bn for construction of 220kV substation, transmission lines at Jhimpir
LAHORE: In order to induct 956MW power from wind power projects to the system, the National Transmission and Despatch Company Ltd (NTDC)...
Power tariff reduced for textile sector
LAHORE: The federal government has agreed to provide electricity to the textile and other zero-rated industries at the rate of 7.5 cents/kWh...
POL prices likely to witness significant cut
A cut in the prices of petroleum products is expected in the next couple of days, officials at the Ministry of Finance...
US seeks to boost trade with Pakistan, says top official
Commerce Secretary Wilbur Ross apprised of Pakistan’s economic reforms, investment opportunities, FATF compliance