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Pak decides to open its land routes for transit trade under an international agreement

In what appears to be a major policy shift, Pakistan has decided to open its land routes for transit trade under an international agreement. Signed in December in the Indonesian city of Bali under the World Trade Organisation (WTO), the ...

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IHC voids govt’s decision to shut gas supply in Potohar region

The Islamabad High Court (IHC) on Thursday declared the three-month closure of Compressed Natural Gas (CNG) stations in the Potohar region as void and while announcing its verdict directed the station owners to resume the sale of CNG three days ...

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‘Gravity’ helps Time Warner beat forecasts

Time Warner Inc reported better-than-expected quarterly profit and revenue, helped by the success of the space thriller movie “Gravity” released by its Warner Bros movie studio. Time Warner’s shares rose about 6 percent in light trading before the bell on ...

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PIA to be restructured before sale

Ahead of privatisation, restructuring of the Pakistan International Airlines (PIA) has begun and the national flag carrier will be privatised in phases, according to Privatisation Commission Chairman Mohammad Zubair. Talking to a select group of journalists, he said that flight ...

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Shipping activity at Port Qasim

KARACHI, Feb 4 (APP): Two ships C.V Safemarine Ngami and M.T Clipper Makishio carrying containers and palm oil were arranged berthing at Qasim International Container Terminal arid Liquid cargo Terminal respectively at Port Qasim on Monday, February 3. Meanwhile two ...

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China drags on otherwise buoyant Asia factory sector

(Reuters) – Asian manufacturing outside China showed signs of solid expansion in January as order books swelled, but factories in the region’s giant struggled for growth, heightening concerns about an economic slowdown. China’s service-sector growth also slowed down – to ...

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Govt to make strategy for Industrial revival: Secretary Textile

ISLAMABAD, Feb 1 (APP):Federal Secretary,Ministry of Textile Industry,Rukhsana Shah has said the government would make a comprehensive long and short terms strategy plan for the revival of Textile industry in the country. Talking to APP, she stressed the need to ...

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Exclusive: Chinese-backed Blu LNG slows down U.S. growth plans

(Reuters) – Blu LNG, one of the biggest names in the move to wean U.S. trucks off diesel onto natural gas, has laid off 20 percent of its staff, ousted several senior executives and slowed down development of fueling stations ...

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