Foxconn targets India’s chip scheme
TAIPEI/ MUMBAI: Foxconn said it intends to apply for incentives under India’s semiconductor production plan, a day after the Taiwanese…
Oil prices up by 2% to 10-week high
NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling US dollar, hopes…
Currency market turns positive
ISLAMABAD: The receipt of a fresh loan of $2 billion from Saudi Arabia has turned sentiment positive in the currency…
Govt decides to sell HBFC
ISLAMABAD: The government on Monday decided to sell House Building Finance Company (HBFC) under a negotiated deal but deferred decision…
Remittances decline by 14% in FY23
KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis experienced a significant slowdown, declining by 14% to a…
Money laundering unveiled in solar panel imports
KARACHI: Startling revelations have emerged regarding the commercial activities of solar panel importers, exposing a staggering case of over invoicing…
Startup funding plummets by 95%
KARACHI: The startup ecosystem in Pakistan has experienced a drastic decline in funding during the second quarter of 2023, marking…
Potential Pak-Russia oil deal runs into hitches
ISLAMABAD: Pakistan and Russia are unlikely to strike a long-term oil supply deal as talks between the two sides have…
Russia says free trade pact with Iran possible
MELBOURNE: A free trade zone agreement between Iran, Russia and several countries that cover the vast Eurasian region spreading from…
CPEC projects garnered $25b direct investment
ISLAMABAD: The China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative (BRI), has witnessed remarkable progress…