By Staff Reporter
KARACHI: Car sales plunged 51 percent in September to another historic low, the Pakistan Automotive Manufacturers Association (PAMA) said on Wednesday, as import restrictions have decimated the auto industry with parts shortages and spiralling prices.
By Staff Reporter
ISLAMABAD: A special court in Lahore on Wednesday acquitted Prime Minister Shehbaz Sharif and his son Hamza Shehbaz in a multi-million-dollar money laundering case.
By Staff Reporter
KARACHI: State-run Pakistan State Oil (PSO) has won an arbitration case against international energy trader Gunvor Group Ltd. regarding excess payments for natural gas shipments, Bloomberg reported on Wednesday.
By Staff Reporter
ISLAMABAD: Saudi Arabia has agreed a joint venture with China to build a $10 billion refinery and petrochemical complex on Pakistan’s southwestern coast, nearly three years after the project was shelved.
By Staff Reporter
Islamabad: Ousted Prime Minister Imran Khan and other senior leaders of his Pakistan Tehreek-e-Insaf (PTI) party were booked by the Federal Investigation Agency (FIA) on Tuesday for allegedly receiving prohibited funding from abroad.
By Staff Reporter
KARACHI: Nobel laureate Malala Yousafzai arrived in Pakistan on Tuesday, her first visit to her home country in more than four years, to visit areas devastated by cataclysmic floods and meet flood-affected people.
By Staff Reporter
KARACHI: Pakistan’s remittances, one of the country’s main sources of foreign currency, fell 6.3 percent to $7.7 billion bln in the first quarter year-on-year due to the impact of looming recession on global economy, central bank data showed on Tuesday.
By Staff Reporter
ISLAMABAD: Rating agency Moody’s on Tuesday downgraded the long-term deposit ratings of five Pakistani banks to Caa1 from B3.
By Staff Reporter
THAR: Prime Minister Shehbaz Sharif on Monday said the inexpensive energy production from Thar Coal Mines Project would prove to be a game-changer of development for the entire country.
By Staff Reporter
ISLAMABAD: The government would spend Rs410.181 rupees to shield capital Islamabad from a protest rally planned by Pakistan Tehreek-e-Insaf (PTI).
