Business

Business

Pakistan ranked ‘least efficient innovator’ throughout Asia by the ADB

A new ‘Creative Productivity Index’ (CPI) developed by the Asian Develop­ment Bank (ADB) and Economic Intelligence Unit (EIU) has ranked…

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Stocks cross 30,000-level once again

Thanks to Bulls led by foreign institutional investors, the KSE-100 index crossed the psychological barrier of 30,000 points, again, yesterday,…

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IMF to introduce LIDC group

The International Monetary Fund (IMF) is set to introduce a new grouping of countries to be known as ‘Low Income…

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Punjab taxi scheme delayed due to undisclosed reasons

The launch of Punjab government’s taxi scheme, for which the Pak Suzuki Motor Company Limited (PSMCL) has already entered into…

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200mmcfd of imported LNG approved for CNG users

Reviving hopes of CNG users, the government yesterday decided to divert a part of liquefied natural gas (LNG) expected to…

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Stocks recover overnight losses

After a brief respite on Wednesday, stocks continued to rally with the KSE-100 index posting gain of 167.06 points or…

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SBP advises Banks to finance SMEs

The State Bank of Pakistan (SBP) yesterday advised banks to extend loans to the small and medium enterprises (SMEs) under…

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Saudi Arabia’s giant new oil refinery in trouble

Saudi Aramco and joint venture partner Sinopec have started test runs at their 400,000 barrel per day (bpd) Yanbu refinery,…

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Ferrari president forced to step down

Ferrari, a byword for flashy sports cars, hit rough ground yesterday with the shock announcement that its president of 23…

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