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  • CPEC summit, expo from tomorrow

    April 22, 2018 12:00 AM

    KARACHI: A two-day China-Pakistan Economic Corridor (CPEC) Summit and Expo 2018 will start from Monday, April 23, a statement said. The summit will highlight the visions of the governments of China and Pakistan for enhanced trade cooperation with the aim to drive regional peace, prosperity and economy, it added. Dr. Ahsan Iqbal, federal minister for planning

  • EU needs ‘full’ exemption from US tariffs

    April 22, 2018 12:00 AM

    WASHINGTON: The European Union needs to be exempted from steel and aluminum tariffs announced by the United States in order to work with Washington on trade with China, France´s Finance Minister Bruno Le Maire said on Friday. We cannot live with full confidence with the risk of being hit by those measures and by those new tariffs. We cannot live with a kind of sword

  • Meezan Bank’s Q1 profit up 28.4pc

    April 20, 2018 12:00 AM 5

    KARACHI: Meezan Bank on Thursday reported its net profit for the first quarter ended March 31, 2018 increased 28.4 percent drawing strength from a boost in commission and brokerage income. The bank in a bourse filing said the profit rose to Rs2.345 billion from Rs1.825 billion recorded in the same quarter of the preceding year. “The bank’s earnings grew because

  • Nishat Mills finalises auto venture deal with Hyundai

    April 20, 2018 12:00 AM 6

    KARACHI: Nishat Mills Limited on Thursday announced it has joined hands with South Korea’s Hyundai Motor Company (HMC) to start manufacturing passenger and commercial vehicles. “Hyundai Nishat Motor, a subsidiary of Nishat Mills Limited has entered into a non-exclusive distributorship agreement with HMC, for the rights to distribution of passenger cars and one-ton

  • Saudi firms keen to invest in Pakistan

    April 19, 2018 12:00 AM 4

    KARACHI: Saudi Arabian companies expressed keen interest in starting business in Pakistan at a seminar held in Riyadh, a government statement said on Wednesday. Board of Investment, Council of Saudi Chambers, Riyadh Chamber and Embassy of Pakistan in Riyadh jointly organised the seminar in which more than 150 Saudi Arabian companies participated

  • LG Electronics receives 21 honours

    April 19, 2018 12:00 AM 4

    KARACHI: LG Electronics received 21 honours at this year’s Red Dot Design Awards, one of the world’s top three design awards alongside iF Design Awards and IDEA (International Design Excellence Awards), a statement said on Wednesday. Of the products recognised, two LG products shone the brightest with Best of the Best honours: the ultra-premium built-in

  • KCCI seeks reduced taxes

    April 19, 2018 12:00 AM 4

    KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to reduce taxes and duties on the import of motorcycle parts with a view to discourage smuggling and provide relief to the common man, a statement said on Wednesday. KCCI President Muafasdar Malik said that motorcycles are commonly used by the lower

  • Parliamentary Secretary on Climate Change meets with JS Group officials

    April 18, 2018 12:00 AM

    Karachi: Romina Alam Khan, Parliamentary Secretary for Climate Change visited the Central Offices of JS Group to meet with officials from JS Bank and the Mahvash and Jahangir Siddiqui Foundation (MJSF). As per the Global Climate Risk Index 2018 report, Pakistan is ranked as the 7th most vulnerable country to global warming and climate change. In view of the country’s

  • ‘Huge potential for aviation business’

    April 18, 2018 12:00 AM 1

    KARACHI: There is a huge potential for aviation business in Pakistan, mainly after the China-Pakistan Economic Corridor (CPEC), said Kanaporn Apinonkul, country manager of Thai Airways International. Speaking to a group of journalists at the concluding ceremony of two weeks Thailand food festival, he said, at present, Thai Airways operated daily flight

  • Commonwealth Big Lunch hosted

    April 17, 2018 12:00 AM 5

    KARACHI: The British Council in Pakistan and the British Deputy High Commission in partnership with SEED Ventures organised a Commonwealth Big Lunch at the British Council Library to celebrate the Commonwealth community and build connections through food, a statement said on Monday. British Deputy High Commissioner Elin Burns was the chief guest on the occasion