Minister promises restoration of gas supply in Sindh

Web Desk On Dec 15, 2018 Last updated Dec 15, 2018 KARACHI: Federal Minister for Petroleum Ghulam Sarwar Khan on Saturday announced that the supply of Compressed Natural Gas (CNG) will be restored in Karachi and Sindh at around 8PM today, ARY News reported. Addressing media in Karachi alongside Governor Sindh Imran Ismail, the petroleum […]

PIA slashes fares for international flights

Web Desk On Dec 15, 2018 Last updated Dec 15, 2018 KARACHI: The country’s flagship carrier Pakistan International Airlines (PIA) on Saturday slashed its fares for a limited time on international flights on the eve of new year. According to the details, the national flag-carrier has announced special packages for the passengers leaving for Europe, China and […]

Apple to push software update in China as case threatens sales ban

SHANGHAI/SAN FRANCISCO: Apple Inc, facing a court ban in China on some of its iPhone models over alleged infringement of Qualcomm Inc patents, said on Friday it will push software updates to users in a bid to resolve potential issues. Apple will carry out the software updates at the start of next week “to address […]

“Japanese firms to invest in Pakistan’s steel, baby formula milk industries”

Web Desk On Dec 15, 2018 Last updated Dec 15, 2018 ISLAMABAD: Adviser to Prime Minister on Commerce, Textile and Industries Abdul Razak Dawood said that officials from major Japanese firms are scheduled to visit Pakistan next month for making investments in country’s steel and baby formula milk industries. Speaking at a press conference, Dawood informed […]

Pakistan not in rush to enter IMF deal: Finance Minister

Web Desk On Dec 15, 2018 Last updated Dec 15, 2018 ISLAMABAD: Finance Minister Asad Umar said Pakistan is in no rush to sign a deal with International Monetary Fund (IMF) to resolve its balance-of-payments issue, Radio Pakistan reported. In an interview with Saudi daily Arab News, the minister said “I have no urgency right now […]

China to suspend extra tariffs on US cars, parts

BEIJING: China pressed on with its trade war truce with the United States on Friday, announcing it will suspend extra tariffs added to US-made cars and auto parts for three months from January 1. The move is another sign that the ceasefire has not been derailed by the recent arrest in Canada of a top […]

Afghanistan opens new trade route with aim of building link to Europe

HERAT (Afghanistan): Afghanistan on Thursday opened a new international trade route aimed at establishing direct access to Central Asian and Europe as it seeks to build up an economy wrecked by decades of war and reduce reliance on Pakistan. President Ashraf Ghani inaugurated the route, known as the Lapis Lazuli corridor, at a ceremony in […]

State Bank receives another US$ one bln Saudi tranche

KARACHI: Pakistan’s central bank has received another installment of one billion dollars from Saudi Arabia’s bailout package for Pakistan. A spokesman of State Bank of Pakistan (SBP) has said that the bank has received another tranche of one billion US dollars from the package, the kingdom had announced after visit of Prime Minister Imran Khan. […]

Yellow vest protests plunge French business activity into contraction

PARIS: French business activity plunged unexpectedly into contraction this month, retreating at the fastest pace in over four years in the face of violent anti-government protests, a monthly survey showed on Friday. Data compiler IHS Markit said that its composite purchasing mangers index dropped to 49.3 points from 54.2 in November, sliding below the 50-point […]

Gas supply will be restored within five days, Umar assures business community

KARACHI: Finance Minister Asad Umar has assured Karachi’s business community for restoration of gas supply within three to five days to the industries in Karachi, ARY News reported on Thursday. In a telephonic conversation with Siraj Qasim Teli, a leader of city’s business community, the finance minister assured him about restoration of gas supply to […]