The impact on flights to Pakistan includes flights from Dubai to Islamabad, which will be reduced from 11 to seven flights weekly, Dubai to Karachi flights will be reduced from 35 to 23 weekly, whereas flights from Dubai to Lahore will be reduced from 10 to nine weekly and...
ISLAMABAD: Chief Executive Officer of Pakistan International Airlines Arshad Malik has said a strategic business plan will be presented in March for the complete revival of the national flag carrier as per the vision of Prime Minister Imran Khan. He was addressing a news conference in Islamabad with Minister for...
KARACHI:  The Global Compact Network Pakistan (GCNP) has conferred the second prize of Business Sustainability Award 2018 to Indus Motor Company (IMC) in the category of Multinational Companies. This prestigious award is granted in recognition of integrating the ten principles of United Nations Global Compact (UNGC) and for embracing the Sustainable...
ISLAMABAD,(NNI): The Securities and Exchange Commission of Pakistan has warned the public against investing in a fake entity, “Fine Sarmayakari Company”, which has been trying to trap innocent people through social media to invest in fake schemes. It has come to the SECP’s knowledge that in the name of Fine Sarmayakari...
KARACHI: Indus Motor Company (IMC), the manufacturers of Toyota cars, has increased prices of its vehicles by up to Rs175,000 to completely pass on to consumers the rise in cost of production resulting from rupee depreciation. IMC, which hiked car prices four times in 2018, has again enhanced prices significantly following...
RIYADH: Pakistan and Saudi Arabia will sign a Memorandum of Understanding (MoU) in February for the construction of a "multi-billion dollar Saudi Aramco oil refinery" in Gwadar, Arab News reported. Information Minister Fawad Chaudhry told the Arab daily that Pakistan is likely to sign a number of investment deals, including...
KARACHI: State Bank of Pakistan (SBP) is likely to keep the interest rate unchanged at the remaining part of the fiscal year because of decline in oil price which helped tame the inflationary pressure helping trimming in prices of several commodities however rise in expenditures to widen fiscal deficit,...
LAHORE: Adviser to Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood said Exxon Mobil was making an investment of $250 million in Pakistan. He said the company had re-entered Pakistan after a gap of almost three decades and setup its office in the country. Pakistan is requesting China...
GUJRANWALA :The cyber-crime wing of the Federal Investigation Agency (FIA) arrested two suspects from Gujranwala for stealing money from recipients of the Benazir Income Support Program (BISP). According to the assistant director of FIA cyber-crime unit, a man named Waseem Farooq along with his female accomplice were arrested. Both suspects...
ISLAMABAD: A parliamentary panel was informed on Wednesday that Pakistan would receive another tranche of $1 billion from Saudi Arabia in the current month. Briefing the Senate Standing Committee on Finance, Additional Finance Secretary Mohammad Sohail said the United Arab Emirates (UAE) had committed to deposit $3 billion in the...
ISLAMABAD: Saudi Arabia's ambassador to Islamabad Nawaf Saeed Al-Malki called on Prime Minister Imran Khan and discussed bilateral issues and the expected heavy investment by the kingdom in Pakistan, said sources on Tuesday. Nawaf Saeed Al-Malki conveyed the special message of Saudi Arabia's leadership to PM Imran during the meeting...