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UBS is preparing contingency plans that could include moving its headquarters out of Switzerland if lawmakers tighten the bank’s capital requirements, the Wall Street Journal reported on…
MUMBAI: The Indian rupee is likely to rise at the open on Thursday , boosted by the pullback in US Treasury yields after an initial rise on sticky inflation data, with traders still pricing in…
Indian shares are set to open lower on Thursday , tracking Asian peers as a quicker-than-expected increase in US consumer price inflation raised expectations of another rate hike by the Federal…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the establishment of a Corporate Intelligence Unit (CIU) to proactively identify registered companies suspected of…
LAHORE: Punjab Minister for Information and Culture Azma Bokhari has said that every news report and propaganda campaign by a particular political party is based on falsehoods and aimed at earning…
ISLAMABAD: A brawl between Power Planning and Monitoring Company (PPMC) officially “unregistered” entity of Power Division and National Grid Company (erstwhile NTDC) over “institutional allocation…
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday said Pakistan’s fiscal deficit had declined to 2.6 percent of GDP from a peak of 12.5 percent, while tax…
ISLAMABAD: AsiaPak Investments Limited has sought the government’s support for a proposed export-oriented aluminium smelter in the Port Qasim industrial area, targeting annual exports of more than…
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday urged international financial institutions to align financing terms with Pakistan’s improved sovereign ratings and expanding access to…
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed banks to expand lending to farmers, small businesses and prospective homeowners, calling for improved access to finance in three…
BANGKOK: IMF chief Kristalina Georgieva on Wednesday warned that current economic developments and the rapid advance of AI threaten to deepen the gulf between advanced and developing economies…
ISLAMABAD: Export-oriented industries have strongly opposed proposed increases of 5 to 10 percent in electricity tariffs by power distribution companies (DISCOs), warning that higher energy costs…
RIYADH: Saudi Arabia plans to move ahead with a major investment conference in Riyadh despite Houthi attacks on the kingdom, offering on-site and virtual attendance as well as alternative air and…
ISLAMABAD: A Pakistani firm has signed a memorandum of understanding (MoU) with a Chinese company to establish a joint venture for manufacturing electric buses in Pakistan.
ISLAMABAD: Pakistan is facing mounting exposure to cyber-enabled financial fraud, with estimated scam losses equivalent to 2.5 percent of gross domestic product (GDP), highlighting growing risks to…
ISLAMABAD: President Asif Ali Zardari has called for further strengthening Pakistan-Türkiye relations, with a focus on achieving the mutually agreed target of USD 5 billion in bilateral trade…
ISLAMABAD: The Lahore High Court (LHC) has directed the secretaries of the Commerce and Interior and Narcotics Control divisions, the chairman of the Federal Board of Revenue (FBR), and the Member…
ISLAMABAD: Business community of the federal capital, in close consultation with all the local market committees, has decided to form a joint committee to find a permanent and practical solution to…
KARACHI: Marking 75 years of enduring diplomatic ties, Sindh Chief Minister Syed Murad Ali Shah met with top leadership of China’s Hubei province on Wednesday to forge broader provincial-level…
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