Business

Tokyo: Subaru announced Thursday a global recall of 2.2 million SUVs, the biggest ever for the company, over a brake light glitch that could affect how the vehicle engines start. The company said it was recalling 306,728 units of Impreza and Forester in Japan, while the remaining 1.96 million vehicles will be recalled in North American and other regions. “It …

Karachi: Following were the closing rates of foreign currencies in kerb market issued by Forex Association of Pakistan here on Thursday, February 28, 2019.

ISLAMABAD: The government has increased petroleum product prices for the month of March, Finance Ministry has said. A notification for the increase in petroleum product prices has been issued here on Thursday. As per the notification, petrol price is increased by Rs2.5 per litre, diesel Rs4.74 per litre, kerosene oil by Rs4 per litre and light diesel oil by Rs2.5 …

Karachi: Following were the closing rates of foreign currencies in kerb market issued by Forex Association of Pakistan here on Friday, March 01, 2019.

ISLAMABAD: After opening lower, the Indian stock markets — Sensex and Nifty — extended losses on Tuesday, following violation of Line of Control by the Indian Air Force, Business Today of India reported. According to the report, the Sensex plunged nearly 500 points in opening deals and Nifty slipped below the 10,740 level. Most of the Bombay Stock Exchange sectoral indices were …

KARACHI: Panic swept the trade floor on the stock market as news of Indian military jets crossing into Pakistan flashed on the news screens. As a result, the KSE-100 index dipped by 785.12 points to close at 38,821.67. The Inter-Services Public Relations confirmed early morning that Indian military jets had violated Pakistan’s airspace in the dead of the night. Although the Indian …

PESHAWAR: The Peshawar Electric Supply Company on Monday claimed improvement in the recovery of dues from domestic consumers, and reduction in its line losses. Pesco chief executive officer Dr Amjad Khan told reporters at the Wapda House here that the company’s line losses had reduced through the collection of Rs500-Rs600 million every month since Dec 2018 when a crackdown on …

SUKKUR: Central stalwart of the Pakistan Peoples Party (PPP) and former leader of opposition in the National Assembly Syed Khursheed Ahmed Shah has said that Pakistan would have to change its foreign policy to strengthen its economy and provide ample opportunities to investors. Talking to reporters after inauguration of a flower show titled ‘An Evening With Flowers’ at Sukkur Institute …

LAHORE: The poor quality of petrol available in Pakistan is a major barrier to introduction of cars equipped with engines that meet the Euro 4 standards or above in this market, according to a senior executive of a South Korean auto manufacturer. “We would like to bring more eco-friendly cars in this market. But such plans depend on the quality …

LONDON: Global liquefied natural gas (LNG) trade is set to rise 11 per cent this year as China leads a global drive to reduce pollution and tackle carbon emissions, Royal Dutch Shell said in an annual LNG report on Monday. Shell’s forecasts, which see LNG demand rising to 354 million tonnes this year and to 384m tonnes in 2020, reflect …