Category: Business

Chinese brands controlled a record 66 per cent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20pc on the back of popularity for brands like Vivo, RealMe and Oppo. Xiaomi’s India shipments fell by 2pc over last year, but the Beijing-based company was still the […]

ISLAMABAD: Pakistan is expecting major support from China and Saudi Arabia in economic and agricultural cooperation over the next couple of days. A senior government official told Dawn that four major agreements would be signed with China during the current visit of Prime Minister Imran Khan to Beijing while the President of Islamic Development Bank […]

KARACHI: Wheat has become costlier by Rs100 to Rs3,150 per 100kg bag in the open market following reports of crop damage in Punjab due to recent rains coupled with brisk exports of the commodity. As a result, millers have raised wheat flour prices ahead of Ramazan. The price of flour no.2.5 was raised to Rs1,700 […]

FAISALABAD: President Arif Alvi said that Faisalabad has become the centre stage of trade and business activities in the wake of China-Pakistan Economic Corridor (CPEC) project. Addressing the Export Excellence Award ceremony organised by the Pakistan Textile Exporters Association (PTEA) here on Thursday, he said that Pakistan is expanding its business ties with more nations […]

ISLAMABAD: The country’s exports to Afghanistan decreased by 24.8 per cent during the first nine months of the ongoing fiscal to $883.26 million against $1.175 billion recorded during same period last year, data released by the State Bank of Pakistan showed on Thursday. Imports from Afghanistan, however witnessed an increase of 22pc to $131.68m between […]

KARACHI: Buyers continued to dominate the cotton market for the fourth consecutive day on Thursday. Falling stocks of quality cotton with ginners and sustained demand from mills kept cotton prices on the higher side. Much of the activity remained around quality cotton though many textile spinners were unable to get hold of deals of their […]

The Pakistan Stock Exchange (PSX) on Thursday morning suspended trading after a technical fault in its trading network limited access for some brokerages. According to a PSX notice, the trading was suspended after multiple brokerage houses reported that they were unable to place their orders. “Due to some technical issues identified in the trading system […]

The Asian Development Bank (ADB) sees value in continuing to lend to China, its president said on Thursday, in response to calls for the institution to stop granting loans to the world’s second-largest economy. ADB President Takehiko Nakao also said the multilateral financial institution’s lending to China “is not huge” so it will not crowd […]

Telecoms gear maker Nokia reported on Thursday a surprise first-quarter loss amid tougher competition for the new, super fast wireless 5G networks that are expected to increase in business this year. The company, based in Espoo, Finland, said its net loss for the January-March period was 116 million euros, against profit of 83 million euros […]

ISLAMABAD: Pakistan will fight its case before the Financial Action Task Force (FATF) on May 15 in Colombo, Sri Lanka, besides undertaking diplomatic efforts for performance-based review of its “robust” compliance with global standards against money laundering and terror financing. This was the crux of an in-camera briefing to the Standing Committee of the National […]