Business

Business

Ethiopia is the new low cost home for manufacturing garments

ADDIS ABABA: As basic wages soar in China, low-end manufacturing is starting to shift to cheaper locations around the world,…

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Good governance remains a key concern in Asia and the Pacific region: ADB Report

Despite remarkable economic growth, governance remains a concern in Asia and the Pacific. The rapid growth has lifted millions out…

1 Min Read

Saudi Arabia softens labour reform with new hours, subsidies

Saudi Arabia is changing tack in its labour reforms, softening the blow to companies with money for subsidies and training…

1 Min Read

“Sit-in caused Rs547bn loss to economy so far”: Federal Government

The government claimed yesterday that the 22-day sit-in on the Constitution Avenue and subsequent political unrest had adversely affected the…

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Stocks manage marginal gains

Stocks closed (somewhat)  flat yesterday with the KSE-100 index marginally up by 8.75 points or 0.03 per cent to 29,604.30.…

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Traders seeking early solution to political crisis

The capital’s business community has sought early solution to the lingering political crisis. In a meeting held here on Wednesday…

1 Min Read

Iran looking to raise refining capacity to 3m bpd by 2018

Iran hopes to boost its oil refining capacity to 3 million barrels per day by 2018 from 1.9m now with…

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Banks invest Rs196 billion in T-bills

Banks invested heavily in short-term treasury bills yesterday keeping in view the possibility of a change in the interest rate…

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PSO profit soars 73pc

Pakistan State Oil Company (PSO) yesterday unveiled accounts for the year ended June 30, 2014, showing 73 per cent growth…

1 Min Read