Business
Telenor said on Thursday it would sell its 30.3 per cent stake in Thailand’s True Corporation for $3.92 billion, its second divestment from Asia in recent months, lifting the Norwegian group’s shares 8 pc. Telenor said it had signed an agre
Business
Nestle on Thursday announced that it would invest an additional $60 million in Pakistan and would also “undertake a robust expansion of its operations in the country”. The development came as Finance Minister Muhammad Aurangzeb met Remy Eje
Business
Oil prices slipped on Thursday after gaining in previous sessions, as investors assessed the supply and demand outlook, while a report showing a rise in US crude and gasoline stocks last week weighed on prices. Brent crude was down 28 cents
Business
The Directorate General of Customs Valuation has revised the determination of customs values for old and used mobile phones, particularly those imported in commercial quantities without packaging and accessories, as per a ruling dated January 16.<
Business
ISLAMABAD: Fitch Ratings, one of the world’s top three agencies, on Wednesday affirmed Pakistan’s long-term debt ratings at ‘B-’ (B-negative), which it had upgraded in April last year, and assigned a
Business
• Report highlights trade-based money laundering in solar kit imports • Senate panel fumes over absence of economic minister, provincial secretaries ISLAMABAD: Another episode of massive under-invoicing for tax evasion and trade-base
Business
KARACHI: A whopping jump of $127 per ounce in the international market to $4,840 per ounce pushed the domestic gold (24 karat) rate to Rs506,362 per tola on Wednesday, the highest in the country’s history, after an increase of Rs12,700 per tola fr
Business
KARACHI: The government on Wednesday reduced the cut-off yields on treasury bills by up to 31 basis points, bringing the yields for most tenors below 10 per cent for the first time in over four years. The yields on three-month and six-month
Business
ISLAMABAD: The government has launched a scheme to promote electric vehicle mobility across the country. The Pakistan Accelerated Vehicle Electrification (PAVE) scheme aims to accelerate the country’s transition towards clean, affordabl
Business
ISLAMABAD: Special Assistant to the Prime Minister Haroon Akhtar Khan on Wednesday said the government was planning to reduce taxes on industries and that the electricity tariff would be lowered soon. Addressing a news conference, Mr Khan
Business
ISLAMABAD: Foreign assistance inflows to Pakistan increased by more than 25 per cent to $4.5 billion in July-December 2025-26, mainly on the back of programme support of the International Monetary Fund (IMF). The total inflows (excluding IM
Business
Eyeing deeper strategic cooperation in the home entertainment sector, Japan’s Sony Corp announced on Tuesday that it had reached an initial agreement with China’s home appliance heavyweight TCL Electronics Holdings Ltd for the establishment of a j
Business
Pakistan’s local mobile phone manufacturing and assembly sector recorded a contraction in December 2025, according to data released by the Pakistan Telecommunication Authority (PTA). This slowdown is on account of weak consumer demand amid
Business
The initial public offering (IPO) of Pak-Qatar General Takaful Limited (PQGTL) entered its book-building phase on Wednesday, with bidding to continue until tomorrow, according to the
Business
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