Category: Business

Samsung expects its quarterly operating profit to fall 29 per cent compared with last year, potentially unsettling a tech sector already skittish about slowing global economic growth. The announcement from the South Korean computer chip and smartphone giant comes less than a week after a weak outlook from Apple Inc jolted markets. Samsung said late […]

ISLAMABAD: The government has notified an ‘immediate ban’ on import of furnace oil and ordered all the refineries to utilise billions of rupees in annual ‘deemed duty’ they collect on petroleum products to upgrade their refining facilities. In a notification issued by the Ministry of Energy to all the refineries and government agencies concerned, the […]

Pakistan and Saudi Arabia are set to sign a Memorandum of Understanding (MoU) for the construction of a multi-billion dollar Saudi Aramco oil refinery in Gwadar, according to Saudi English daily Arab News. Earlier this week, a cabinet member confirmed that Saudi Crown Prince Mohammad bin Salman would arrive in the country in the first week of February and […]

US and Chinese negotiators on Monday held their first face-to-face talks since the world’s two largest economies agreed to a truce aimed at resolving their trade dispute. The visiting delegation, led by Deputy US Trade Representative Jeffrey Gerrish, left its hotel in Beijing on Monday morning without speaking to reporters for a first day of talks. The […]

KARACHI: Political headwinds are growing in Pakistan, warns Fitch Solutions – the macro research arm of the global credit rating agency – in a report issued on Friday. “The government will struggle to deliver results given growing downside risks to policy-making stemming from a growing opposition and rising influence of religious hardliners, as well as […]

PESHAWAR: The Khyber Pakthunkhwa (KP) government plans to line 20,000 watercourses in the next five years to provide uninterrupted water supply to farmers, especially in the tail-end areas of the province. KP Minister for Agriculture, Livestock and Fisheries, Mohibullah Khan on Friday said the government in its First 100 Days had chalked out a comprehensive […]

ISLAMABAD: The government is close to resolving the deadlock with Etisalat over pending $800 million payment from the sale of Pakistan Telecommunication Com­pany Ltd (PTCL), said Secretary Privatisation Comm­ission Rizwan Malik while briefing the Senate Standing Committee on Infor­mation Technology and Telecom­munications on Wednesday. He disclosed that a high-powered delegation from Etisalat has recently met […]

ISLAMABAD: The Khyber Pakhtunkhwa government on Thursday announced its digital policy for the next five years (2018-23) detailing measures for financial inclusion and equitable digital dividends for women and marginal communities. With the announcement of the policy, KP has emerged as the only province in Pakistan to have a digital policy which focuses on four […]