Foreign loans worth $10.7bn taken in FY20
ISLAMABAD: Pakistan paid $10.4 billion on account of debt servicing of external public loans during FY20, according to an annual report on foreign economic...
Big tech firms to face 6pc fines if breach new EU content rules
BRUSSELS: Big tech firms such as Google and Facebook will face fines of up to 6% of turnover if they do not do more...
Oil set for weekly gain amid coronavirus vaccine progress
LONDON: Oil prices steadied on Friday, and were set for a sixth week of gains as progress towards novel coronavirus vaccination programmes fed hopes...
Car sales up by 48pc YoY in November
LAHORE: Car sales increased by 48pc YoY in November this year to 14,454 units, the Pakistan Automotive Manufacturers Association (PAMA) reported on Friday.
Indus Motor...
Investors swap China holdings from Wall Street to Hong Kong as delisting threat brews
SHANGHAI: Global fund managers are reducing their holdings in U.S-listed Chinese companies such as Alibaba, Netease and JD.com as risks grow they will be...
SECP unveils corporate insurance agents regulations
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified Corporate Insurance Agents Regulations, 2020 in a bid to strengthen the regulatory framework...
Chinese AI company eyeing smart control of Covid in Pakistan
BEIJING: An artificial intelligence (AI) company in China’s is interested in smart control of Covid-19 in Pakistan, China Economic Net (CEN) reported on Friday.
The...
EU to provide Rs11.1bn for water security, education in Balochistan
ISLAMABAD: The European Union (EU) will provide Rs11.1 billion to support the government of Balochistan address water scarcity and improve access and quality of...
Stocks extend rally with 166-point gain
KARACHI: The Pakistan Stock Exchange (PSX) continued with the positive momentum on Friday, recording gains for the third consecutive session amid improved market sentiments...
Integry raises $1 million pre-seed
The news comes just as the software integration market has heated up due to COVID-19.
Remittances remain above $2bn for sixth consecutive month
Pakistan maintained a strong momentum in workers' remittances, crossing the $2-billion mark for the sixth consecutive month in November, State Bank of Pakistan (SBP)...
Coronavirus vaccine to be available in Pakistan by March 2021: SAPM
ISLAMABAD: The Ministry of National Health Services has announced that the coronavirus vaccine will be available in Pakistan by March 2021.
Special Assistant to Prime...
IHC irked by CDA’s failure to pay compensation after land acquisition
ISLAMABAD: Islamabad High Court (IHC) on Thursday grilled Capital Development Authority (CDA) for failing to award compensation to the people from whom it had acquired land...
Govt plans to save over Rs500bn through targeted subsidies
ISLAMABAD: The government's 'subsidies cell', under the supervision of Special Assistant to Prime Minister on Revenue Waqar Masood, has estimated to save around 500...
Developing Asia’s economy to contract 0.4pc in 2020, grow 6.8pc in 2021: ADB
MANILA:Â Economic activity in developing Asia is forecast to contract by 0.4pc this year before picking up to 6.8pc in 2021, as the region moves...