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  • Turkey: Delegation to visit furniture exhibition

    October 1, 2017 8:55 AM 2

    LAHORE: A 25-member delegation of the Pakistan Furniture Council (PFC) will visit Turkey in October for a week to explore new investment avenues by sharing their vision, expertise for formulation of future policies, economic studies and project-specific reports and promotional efforts. The delegation will visit ‘Inegol’ to participate in Modef Fair Centre

  • Ariane 5 rocket puts satellites into orbit on second attempt

    October 1, 2017 1:08 AM 1

    An Ariane 5 rocket put two commercial satellites into orbit after an initial attempt was aborted earlier this month, operator Arianespace said early Saturday. The rocket launched successfully from the Kourou Space Centre in French Guiana on Friday, carrying the Intelsat 37e and the BSAT-4a satellites into space, Arianespace said. The launch had initially

  • Petrol, diesel prices up by Rs2 a litre

    October 1, 2017 12:04 AM 4

    ISLAMABAD: The government on Friday increased the prices of petrol, diesel and light diesel oil (LDO) by Rs 2 per litre each, while the price of kerosene was increased by Rs4 per litre for the month of October. With the increase in the prices of petrol, diesel and LDO, the new price of petrol from October 1 will be Rs73.50 per litre, diesel Rs79.40 per litre

  • Rupee to remain under pressure

    October 1, 2017 12:00 AM 1

    KARACHI: Rupee may come under pressure during the next week due to higher demand stemming from rise in international oil prices and quarterly profit repatriation by foreign firms, currency experts said. The experts said international oil prices showed an upward movement during the past 15 days. “Pakistan is an oil importing economy so the increase in prices

  • Petrol, diesel prices to go up by Rs2 from October 1

    September 30, 2017 3:12 PM 1

    ISLAMABAD: The government has decided to increase prices of all petroleum products effective from October 1, in a bid to keep them in line with global oil prices. Prime Minister Shahid Khaqan Abbasi considered the proposal and then decided to increase the prices of high-speed diesel (HSD), MS 92 RON petrol and light diesel oil (LDO) by Rs2 per litre

  • Broadband subscribers reach 47m

    September 30, 2017 12:05 AM 3

    KARACHI: The number of total broadband subscribers including 3G and 4G users has crossed 46.9 million as of August this year, registering a reasonable monthly growth rate, data released by PTA said. The data shows that broadband users significantly increased between July and August 2017 on the back of increased 3G and 4G subscribers of mobile internet

  • Middle East oil producers turn to crude trading to boost incomes

    September 30, 2017 12:00 AM 5

    SINGAPORE: Middle East oil producers are venturing into trading crude as three years of weak oil prices has encouraged them to find new sources of income beyond the business of exporting their output. OPEC kingpin Saudi Arabia, the world's biggest oil exporter, is among those making the shift. A subsidiary of state-owned Saudi Aramco plans to start trading

  • Broadband user base widens to over 46.9 million

    September 30, 2017 12:00 AM 5

    ISLAMABAD: Pakistan’s broadband subscriber base, including both wireless (3G/4G) and wireline users, broadened to over 46.9 million by August 2017 from around 45.6 million till a month earlier, mainly driven by a striking rise in the usage of mobile data services, Pakistan Telecommunication Authority (PTA) reported on Friday. “The major contribution

  • METRO, Unilever educate chefs

    September 29, 2017 12:00 AM 6

    KARACHI: METRO Cash & Carry Pakistan and Unilever Food Solutions organised joint programmes to educate professional chefs from hotels, restaurants and cafes (HORECA), a statement said on Wednesday. The programme educated chefs of the HORECA industry under their ‘food safety principles’ at four METRO locations in Lahore, Islamabad, Faisalabad, and Karachi

  • Forex reserves slip $48mln

    September 29, 2017 12:00 AM 2

    KARACHI: The foreign exchange reserves of the country slipped $48 million to $20.051 billion by the week ended September 22 from $20.099 billion a week ago, the central bank said on Thursday. The official reserves of the State Bank of Pakistan (SBP) decreased $151 million to $14.132 billion from $14.283 billion. The central bank said the foreign exchange