HONG Kong-based carrier Cathay Pacific said net profit almost doubled last year as tumbling oil prices slashed fuel costs and...

KATHMANDU: Nepal’s spending on oil imports plunged 55.4 percent in the first seven months of the fiscal year as the...

BERLIN: The cylinder tower of the German carmaker BMW is seen in Munich. BMW yesterday reported a record profit of...

NEW DELHI: India, the world's third largest steel producer, imported steel worth Rs 36,073 crore in the first 10 months...

ISLAMABAD: With the aim to achieve the budgetary targets, Federal Board of Revenue (FBR) has barred the officers from going...

AMSTERDAM: Dutch lender ABN AMRO has opened a branch in Shanghai focusing on supporting the bank's corporate clients in the...

ABUJA: Nigeria, Africa’s top oil producer wants to end its need for imported petroleum products within 18 months, the country’s...

BRUSSELS: Seven Belgian pharmaceutical companies are accused of supplying a Mexican drugs baron with ingredients to make millions of methamphetamine...

JOHANNESBURG: South Africa, which needs to import millions of tons of maize this year because of a drought, will source...

ISLAMABAD: Federal Board of Revenue (FBR) has extended the deadline of budget proposals from the stakeholders till March 18. Earlier,...

DHAKA: Bangladesh is highly dependent on India for cotton, the basic raw material for the textile industry, due to comparative...

LAHORE: The local business community has urged the government to further extend the period of Voluntary Tax Compliance Scheme (VTCS)....

WASHINGTON: While a majority of the money comes from private investment, federal, state and city money will be needed to...

MUNICH: German engineering giant Siemens announced on Wednesday that it plans to cut 2,500 jobs worldwide in order to improve...

WASHINGTON: The port of Baltimore's business as the nation's No. 1 point of entry for automobiles continued to boom in...

ISLAMABAD: Federal Board of Revenue (FBR) will not further extend the date for filing tax returns after March 15, a...

KARACHI: The cotton trading market remained bearish as only 300 bales changed hands, while the Karachi Cotton Association (KCA) spot...

LONDON: British quarterly GDP growth fell to 0.3 percent last December, the National Institute of Economic and Social Research (NIESR)...

LONDON: The port authorities of Subic Bay and Virginia inked a cooperation agreement at a Virginia facility on March 5,...

OSLO: Norway's sovereign wealth fund posted a 2.7 percent return, or 334 billion kroner (39 billion U.S. dollars), in the...