Category: Business

European Union regulators have hit Google with a €1.49 billion ($1.68 billion) fine for abusing its dominant role in online advertising. It’s the third time the commission has slapped Google with an antitrust penalty, following multibillion-dollar fines resulting from separate probes into two other parts of the Silicon Valley giant’s business. The EU’s competition commissioner, […]

KARACHI: The government should devise policies for growth of the auto sector including formulation of standards for car parts, Senate Standing Committee on Industries said on Tuesday. During a visit to Toyota Motors plant, the committee observed that government functionaries need to facilitate the private sector while ensuring strict implementation of standards. Committee Chairman Senator […]

ISLAMABAD: The Ministry of Commerce on Tuesday announced that the shipments of food products in the pipeline will be cleared without the requirements of labelling in Urdu. This order came in the wake of demands from many importers who were facing problems in getting their shipments cleared after issuance of SRO237 on Feb 19 making […]

MUZAFFARABAD: Azad Jammu and Kashmir (AJK) Prime Minister Raja Farooq Haider on Tuesday announced that he would enhance the allocation of funds for the development of livestock sector in next fiscal year’s budget. During a visit to the research and development centre of the AJK livestock and dairy development department, he noted that people could […]

KARACHI: Selective buying was witnessed on the cotton market on Tuesday with buyers opting for quality cotton on higher rates. However, trade volume was restricted as textile spinners avoided low grade cotton. The current cotton season (2018-19) is nearing its end and acute shortage of quality cotton is being felt. The flow of phutti (seed […]

ISLAMABAD: Finance Minister Asad Umar on Tuesday said investment in human capital was very imperative and central to development of the country. Speaking at the Human Capital Summit, the minister said that investing in education and human capital was actually investing in economy as it yields high dividends. The government was fully committed to work […]

QUETTA: President of the Metallurgical Corporation of China (MCC) He Xuping said here on Tuesday that the company was working on expanding Saindak copper-cum-gold and Dhodar lead-zinc projects, adding that the expansion would pave for foreign investment in metal mining in Balochistan. He said this during a meeting with Balochistan Chief Minister Jam Kamal Khan […]

LAHORE: The Imran Khan government believes that the Pakistani nationals having more than 152,500 offshore bank accounts could have stashed away a hefty sum of $11 billion, half of which is presumed to have never been declared by them, out of the country. “…the number (of offshore accounts) is mind-boggling. So is the amount involved […]

The Asian Development Bank (ADB) has approved $9 million in Project Readiness Financing (PRF) to support the preparation and design of urban sector projects in Khyber Pakhtunkhwa, which will support the government in accelerating the delivery of infrastructure in the province, according to a press release issued on Tuesday. This is the first project approved under PRF […]

Engro Powergen Thar Limited’s (EPTL) lignite coal power plant in Thar has started pumping 330MW of electricity generated by domestic coal into the national grid. The first of two 330MW units of the 660MW project located in Thar Block II was tested and energised on Monday, a press release issued by the company stated. EPTL […]