Business

KARACHI: Pakistan's National Flag carrier to induct four new aircrafts which will benefit Pakistan International Airline (PIA) to fly on Sialkot to Barcelona and Lahore to Bankok routes.  The President and CEO, PIA - Air Marshal Arshad Malik informed during address to PIA employees at the Head Office that PIA...

ISLAMABAD: Finance Minister, Asad Umar received a delegation of Pakistan Britain Business Council (PBBC) and its sister organization, Pakistan Scotland Business Council (PSBC) led by Mr. Julian Hamilton Barns and Mr. Rashid Iqbal here Friday. The delegation briefed the Minister about the Councils’ plans for investment and financing different projects...

SHANGHAI:  China's biggest e-commerce company said sales topped $30 billion over a 24-hour period Sunday, soaring past last year's record of about $24 billion. Singles day sale is known as 11:11 or 'Double 11' is the world biggest online sales event.  Read More: Victoria’s Secret Fashion Show 2018: New York The company...

ISLAMABAD: International Monetary Funds (IMF) reportedly pressing The federal government to hike Petroleum Products Prices in Pakistan.  IMF presses the Federal Government to increase the Petrol Prices by Rs.15  within the span of next three months.  According to sources, IMF delegation had expressed dissatisfaction over the performance of the Federal Cabinet and suggested reforms...

State Bank of Pakistan: Bank Islami got hit by a major Cyber Attack and a massive breach of 6.5 Million USD where user Debit Cards and PINs were stolen and published on Dark web for sale. State Bank of Pakistan issued Directives to All the Banks in Pakistan As a...

KARACHI: Pakistan Stock Exchange (PSX) gains 4% after Prime Minister's visit to Saudia Arabia went successfully to bail out Pakistan. The Current Market indicates positivity since the market opening this morning, approx 4% percent increase has been noticed so far. The confidence in the market is back to the track after severe...

Nestlé Pakistan recorded an increase in revenue of 1.8% for the nine months ended September 30, 2018, despite increasingly difficult economic conditions and competitive pressures. The total revenue of the Company increased by PKR 1.7 billion and stood at PKR 94.1 billion. The results were announced upon the conclusion of...

Pakistan Telecommunication Company Limited (PTCL), the Country’s leading telecom and ICT services provider has announced its financial results for the nine months’ period ended September 30, 2018 at its Board of Directors meeting held in Islamabad on October 11, 2018 Read More: Global Internet Could Crash in next 48 hours PTCL Group’s revenue for...

After a bearish trend yesterday, PSX which lost 1300 point in a day to record low 37898 and value of rupee declined significantly in kerb markets after trading had been halted. Economic and political instability, with government's decision to get IMF's bailout package, has resulted in mixed signals in Pakistan's...

Toyota Indus Motor Company Ltd (IMC) has decided to introduce Toyota Vios while to discontinue Toyota Corolla GLi in Pakistan. IMC sources have confirmed the news. Last Year in September, Toyota IMC said they will not launch Toyota Vios and Yaris aka Vitz 1000cc vehicles in Pakistan however, It appears increasing...

In continuation of FBR's policy of facilitation of taxpayers and ensuring ease of doing business, IT wing has launched Iris-ADX (Asynchronous Data eXchange), an application that allows the taxpayers / E-intermediary to prepare data related to Income Tax return and Wealth statement in Offline mode. The taxpayer / El will...

Automobile News - Master Motors signed an agreement with Changan Motors (China) on June 29, 2018. The Chinese automaker Changan will be investing 100 million USD in Pakistani Market. The International Engineering & Machinery Asia Expo 2018 was held at Lahore on September 2, 2018 where Master Motors unveiled the...