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Cosco’s 20,000 teu vessels series confirms
COPENHAGEN: The top maritime conglomerate Cosco has sealed a series of giant containership orders on home soil. Brokers report Cosco...
Kirloskar brothers Ltd launches magnetic drive pump in Germany
BERLIN: Pune-based pumps maker Kirloskar Brothers Ltd (KBL) has launched the technologically advanced Romak (RMK) at an event for the...
FreeSeas acquires 51% stake in standcorp
ATHENS: NASDAQ-listed FreeSeas is pushing through a reverse stock split of the company’s issued and outstanding common stock at a...
General cargo ship catches fire off Aberdeen
ATHENS: A small general cargo vessel burst into flames around 10 nm off the port of Aberdeen, Scotland, forcing the...
Petrobras request US judge to throw out fraud case by investors
ATHENS: Petrobras, Brazil’s graft-racked state-run oil giant asked a US judge on Thursday to throw out a fraud case against...
Germany potash producer K+S confirms takeover proposal
BERLIN: German potash producer K+S SDFGn.DE said it has received a takeover proposal from larger Canadian rival Potash Corp of...
27.1km long route: 620 trees to be cut down for Lahore Orange Line train
LAHORE: As many as 620 trees would be cut down for the construction of Lahore Orange Line Metro Train Project...
Highest-ever mark: Forex reserves increase to $18.2 billion
ISLAMABAD: Federal Finance Minister Ishaq Dar has revealed that the country’s foreign currency reserves has increased to $18.2 billion, touching...
High prices of vehicles: Competition Commission starts inquiry against Toyota, Suzuki
ISLAMABAD: The Competition Commission of Pakistan (CCP) has initiated a probe against the leading auto manufacturing companies, Toyota and Suzuki....
Rising death toll in Karachi: ‘Energy emergency’ may be imposed
ISLAMABAD: After increasing death toll of people in Karachi due to loadshedding, Prime Minister Nawaz Sharif is considering imposition of...
Non-compliance on agreements: Business Express sends notices to PR for compensation
LAHORE: Business Express has sent a legal notice to Pakistan Railways to seek compensation over non-compliance on agreements signed between...
CDGL declares 567 buildings dilapidated
LAHORE: The City District Government Lahore (CDGL) has declared about 567 buildings in nine towns and within the jurisdiction of...
Zain Iraq’s share rises 50% to close at 5.99 dinars
DUBAI: Shares in Zain Iraq surged on their Baghdad bourse debut on Tuesday, in thin trading of the stock, theoretically...
India’s Revenue Intelligence seizes 6kg gold at Chennai airport
NEW DELHI: CBEC at full strength with five new members Gold bars stashed in flight's loo Gold worth 1.64 seized...
National Bank of Ukraine decides to withdraw banking license of insolvent Bank Kyiv, liquidate bank
KIEV: On June 24 the National Bank of Ukraine (NBU) decided to revoke the banking license of insolvent bank Kyiv...
Delay in construction of Neelum project increases cost from Rs 274b to Rs414b
ISLAMABAD: The delay in construction work of the Neelum Jhelum Hydropower Project will increase its cost by 50 per cent...
NBP, Ufone join hands to boost digital banking
LAHORE: With the aim to boost operations of Upaisa, the National Bank of Pakistan, Ufone and Ubank have joined hands...
Low gas pressure effecting PSM’s production
KARACHI: The low gas pressure is badly effecting the production of Pakistan Steels Mills (PSM). PSM Spokesman Shazim Akhter, in...
South Korea to increases coal import tax on 1 July 2015
SEOUL: Indonesia’s coal exports to South Korea likely to face headwinds on 1 July 2015, when South Korea’s revised coal...
Gwadar desalination plant made functional after NAB’s intervention
QUETTA: The water desalination plant in Karwat, Gwadar, has been made functional after the National Accountability Bureau’s (NAB) intervention. The...
