Mukesh Ambani acquires iconic British toy store Hamleys for $88 million
LONDON: Asia's richest man Mukesh Ambani has snapped up the storied British toy store Hamleys from its Chinese owners for $88 million, the latest...
Billionaire Warren Buffett gives new hint about his successor
OMAHA: Billionaire Warren Buffett on Saturday gave a clue on who might succeed him to run his Berkshire Hathaway empire but did not completely...
IMF man to head State Bank of Pakistan
--IMF's resident director for Egypt Dr Reza Baqir appointed as governor of central bank for three years
--Dr Ahmed Mujtaba Memon appointed as chairman of...
ADB approves $100 million for renewable power projects
MANILA: The Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million which will provide financing support including loans, guarantees,...
Climate change lowers Pakistan’s mango produce by 20pc
KARACHI: Climate change has affected mango produce in Pakistan, particularly in Sindh and Punjab, by 20pc, according to the Economic Survey of Pakistan. The country...
Senate panels dismayed over absence of ministers in meetings
Senator Sherry Rehman deplores the performance of planning ministry, says it is not China’s job to create an investment-friendly environment in Pakistan ISLAMABAD: As the key...
US firms in China frustrated, business lobby says
BEIJING: American firms in China remain frustrated and are growing more pessimistic about their prospects in the country, a top business lobby said Wednesday, while...
K-Electric asked to reduce time period for provision of new connections
ISLAMABAD: Prime Minister Imran Khan on Wednesday directed K-Electric to reduce to one month the time period of providing new electricity connections. The prime minister...
CPEC to enter ‘new era’ after PM Khan’s visit to Beijing: envoy
‘All countries are welcome to join the development of Pakistan’s economy’ ISLAMABAD: Chinese Ambassador Yao Jing said on Wednesday that the upcoming visit of Prime...
Wheat stock estimated at 28.16m tonnes, well over national requirements
ISLAMABAD: The Federal Committee on Agriculture (FCA) was informed that wheat production for 2018-19 has been estimated at 25.16 million tonnes from an area of...
Pharma industry decides to slash prices of 395 essential drugs
‘Prices will not increase if rupee remains stabilised, utility prices are maintained and rate of inflation is controlled’ KARACHI: Pakistan Pharmaceutical Manufacturers’ Association (PPMA) on...
ECC constitutes committee to oversee implementation on Ramadan Package
Finance minister says budgetary needs of many organisations were not assessed properly during the preparation of last year’s budget ISLAMABAD: The Economic Coordination Committee (ECC)...
India’s Jet Airways to suspend operations after banks reject funding request
MUMBAI/NEW DELHI: India’s embattled Jet Airways Ltd is set to temporarily halt operations from Wednesday onward after its lenders rejected the airline’s plea for emergency...
Digitisation critical to ensure transparency in businesses: PM
ISLAMABAD: Prime Minister Imran Khan said on Wednesday that digitalization was critical to ensuring efficiency and transparency in the conduct of official businesses. He was...
KP Irrigation Dept seeks ECNEC approval for construction of CRBC lift canal project
PESHAWAR: The Khyber Pakthunkhwa Irrigation Department here Sunday sought approval of the much-awaited mega Chashma Right Bank Lift Canal (CRBC) Project by the Executive...
Low quality seeds can reduce pulses’ production: Experts
MULTAN: The use of low quality seed is a major cause of decline in production of pulses in the country as huge amount of...
‘Instead of structural reforms PTI government all set to announce amnesty’
LAHORE: Former Federation of Pakistan Commerce and Industry (FPCCI) Standing Committee chairman Ahmad Jawad said that instead of structural reforms in Federal Board of...
