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KARACHI: Honda Atlas Cars and Indus Motor Company have resumed operations after the government eased the nationwide lockdown imposed to check the spread of novel coronavirus COVID-19 in the country, both companies said in separate…

WASHINGTON: U.S. homebuilding dropped to a five-year low in April, underlining fears that the novel coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression. Housing starts…

ISLAMABAD: With the contraction of Pakistan’s GDP growth rate that falls into zero range at negative -0.38 percent for the outgoing fiscal year, the total size of the country’s economy and per capita income are expected to shrink…

NEW YORK: Walmart Inc beat Wall Street expectations with its quarterly revenue and earnings on Tuesday and reported record U.S. online sales as stockpiling drove consumers to its stores and website during the coronavirus pandemic, sending…

PESHAWAR: Khyber Pakhtunkhwa (KPK) business community has raised alarms over large number of Afghan transit trade goods containers being held at Karachi port under the pretext of scanning, which was slowing the trade down. A statement…

BOSTON: Tesla has kept financial losses at bay in the first quarter of the year, posting strong group-wide EBITDA and revenue numbers amid high hopes for its solar roof line in the longer term. Releasing a financial update on Wednesday,…

ISLAMABAD: Estimating a shortfall of about 16 per cent against the target for the current financial year, the government has decided to facilitate remittances from overseas Pakistanis through tax exemptions and other incentives under a…