Oil steadies as surprise US stockbuild weighs
LONDON: Oil steadied on Wednesday after earlier losses sparked by an unexpected rise in US crude oil inventories, and as President Donald Trump rattled...
Provinces term NEPRA’s annual report ‘contradictory to ground realities’
PESHAWAR: The governments of Khyber Pakhtunkhwa, Sindh and Balochistan have termed the annual report of National Electric Power Regulatory Authority (NEPRA) "contradictory to ground...
Fawad Chaudhry lauds PepsiCo-Amal youth programme as 1,600 students graduate
LAHORE: PepsiCo Pakistan on Wednesday hosted a virtual graduation ceremony for 1,600 fellows of the PepsiCo-Amal youth programme.
The speakers at the ceremony included Furqan...
Stocks add 180 points in volatile session
KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Wednesday, with the indices swinging both ways in search of a clear direction...
Honda to stop production at one of two India plants
NEW DELHI: Honda Motor Co has halted production at one of its two car manufacturing plants in India, the carmaker said on Wednesday, a...
LG and Magna announce billion dollar joint venture in electric car gear
The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics.
The...
FBR to question taxpayers on concealed informationÂ
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to question those taxpayers who did not declare their taxable income under the asset declaration...
Pakistan’s IT exports rise 39pc in July-Nov FY21
KARACHI: Pakistan's IT exports increased 39pc to $763 million in the first five months (July-Nov) of the current fiscal year (FY21), data resealed by...
Builders body expresses concern over hike in steel, cement prices
ABAD chief terms sudden hike in steel and cement prices 'a conspiracy against PM's affordable housing scheme'
PIA receives over 1,300 applications under voluntary separation scheme
KARACHI: More than 1,300 Pakistan International Airlines (PIA) employees have submitted applications seeking early retirement under the voluntary separation scheme (VSS), it was learnt...
Oil drops as new coronavirus strain revives demand fears
LONDON: Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a mutant variant of the coronavirus in...
KP govt approves 25 uplift schemes worth Rs36bn
PESHAWAR: The 13th meeting of Khyber Pakhtunkhwa's Provincial Development Working Party (PDWP) on Tuesday approved 25 uplift schemes of different sectors with an estimated...
British American Tobacco to move BPO operations from Malaysia to Pakistan
ISLAMABAD: British American Tobacco (BAT) has decided to move its 'shared services' operations from Malaysia to Pakistan, it was learnt on Tuesday.
BAT is the...
KP govt increases mills’ wheat quota
PESHAWAR: The Khyber Pakhtunkhwa (KP) government has announced to increase the wheat quota for flour mills from 5,000 tonnes to 6,000 tonnes per day...
POL import bill falls 22.8pc in July-Nov period
ISLAMABAD: The imports of overall petroleum group declined by 22.78 per cent during the first five months (July-Nov) of the current financial year (FY21)...