Motorcycle production rises 34.81pc in two months
The motorcycles production in the country witnessed a sharp increase of 34.81 percent during first two months (July-August) of...
Weekly inflation increases by 0.46 percent
The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on October 19 for the combined income...
Apple shares drop on iPhone 8 demand worries
Apple Inc’s shares fell 1.5 percent in premarket trading on Thursday on growing concerns about muted demand for the...
Trump administration prepares to ease export rules for US guns
The Trump administration is preparing to make it easier for American gun makers to sell small arms, including assault rifles and ammunition, to foreign buyers, according to senior US officials. Aides to President Donald Trump are completing a plan to shift oversight of international non-military firearms sales from the... Read more
Oil rises after Iraq signals possible OPEC cut extension
Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in U.S. inventories. US West Texas Intermediate (WTI) crude futures CLc1 were up... Read more
Beijing, Shanghai shut down bitcoin exchanges: media
Banking regulators in Beijing and Shanghai have ordered local cryptocurrency exchanges to shut down, state media reported Tuesday, in the latest blow to the once flourishing Chinese market for virtual money. A Beijing-based regulator required all exchanges in the city to submit a plan by 6:00PM on September 20... Read more
US Senate backs massive increase in military spending
The US Senate passed its version of a $700 billion defense policy bill on Monday, backing President Donald Trump’s call for a bigger, stronger military but setting the stage for a battle over government spending levels later this year. The Republican-controlled chamber voted 89-8 for the National Defense Authorization... Read more
China-Pakistan FTA talks conclude with ‘breakthrough’ in negotiations
The eighth round of China-Pakistan Free Trade Agreement negotiations finally concluded on a positive note on Friday, as the breakthrough in talks ended a two-and-a-half year stalemate. The second phase of negotiation which began on Sept 14 in Beijing, was attended by co-chairman Mohammad Younus Dagha, Secretary Commerce, Pakistan... Read more
Over 21 percent growth in net tax collection in two month
The net tax collection by Federal Board of Revenue (FBR) during the first two months of the current fiscal year increased by 21.02 percent as against the same period of last year. The gross revenue collection during July-August (2017-18) witnessed growth of 24 per cent as compared to the... Read more
Google disables offensive ad keywords found by BuzzFeed
Alphabet Inc’s Google said it had disabled a “majority” of the offensive keywords that BuzzFeed found could be used by advertisers to target people searching for racist and anti-Semitic topics. Google — the world’s biggest advertising platform — not only allowed advertisers to target searches such as “Why do... Read more
Oil holds near five-month high in most bullish week since July
Brent oil prices held near five-month highs on Friday, and were on track for the biggest weekly gain since late July, on forecasts for rising demand and the gradual restart of US oil refineries. The Organization of the Petroleum Exporting Countries this week forecasted higher demand for its oil... Read more
VW recalls 4.86 million vehicles in China over airbag concerns
Volkswagen will recall almost five million vehicles in China over airbag concerns, Chinese authorities said Thursday, dealing a new blow to the German automaker in the world´s largest car market. VW and its joint ventures with Chinese partners FAW and SAIC will start withdrawing 4.86 million vehicles fitted with... Read more
CPEC – an exemplary project for economic development in Pakistan: Dr Hongca
Characterizing the China-Pakistan Economic Corridor (CPEC) an exemplary pilot project for economic development in Pakistan, Dr Xu Hongcai, Chinese Deputy Chief Economist, Wednesday said achievements on diverse economic fronts had started taking place, lending credence to the overarching Belt and Road Initiative (BRI). Presenting threadbare and comprehensive exposition on... Read more
Apple unveils three new iPhones, hails ‘biggest leap forward’
Apple unveiled three new iPhone models on Monday, including a top-of-line handset described as “the biggest leap forward” since the original iPhone 10 years ago. Apple chief executive Tim Cook announced the premium iPhone X — pronounced 10 — as well as a new iPhone 8 and 8 Plus.... Read more
Palm oil imports surge by over 68 percent in July
The palm oil imports into the country surged by 68.56 percent during the month of July 2017 compared to the same month of the last year. Pakistan imported palm oil worth $176.600 million in July 2017 compared to the imports of $104.771 million in July 2016, showing growth of... Read more
Women pickers toil unprotected in Pakistan’s cotton fields
Widow Amina Batool has laboured in Pakistan’s scorching cotton fields for nearly eight years to eke out a living and feed and clothe her two children. She lives in a two-room, mud-thatched house on the outskirts of Vehari town, in Pakistan’s Punjab cotton belt, surrounded by shrubs and eucalyptus... Read more
Criticism of Equifax data breach response mounts, shares tumble
Equifax Inc (EFX.N) faced a storm of criticism on Friday over a hack that may have compromised personal data for some 143 million Americans, with consumers clamoring for answers and cyber security experts questioning the response to the massive breach. Lawmakers and regulators joined the chorus, scrutinizing the company’s... Read more