Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals. A combined Honda and Nissan would create a $54 billion company with annual output of 7.4 million vehicles, making it the world's third-largest auto grou
The federal government has asked provincial administrations to take action against petroleum product dealers for failing to pass on the full impact of price reduction to consumers. The federal government has slashed petroleum prices several times but the entire benefit has not reached consumers owing to the poor administrative control of provinces. Now, the government has asked provinces to tak
Pakistan on Wednesday approved the establishment of a new Export Processing Zone (EPZ) in Balochistan with 80% Chinese ownership, a move authorities claim has the endorsement of the International Monetary Fund (IMF). The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, greenlit the establishment of the Siah Dik Copper Project in District Chag
Pakistan on Wednesday approved the establishment of a new Export Processing Zone (EPZ) in Balochistan with 80% Chinese ownership, a move authorities claim has the endorsement of the International Monetary Fund (IMF). The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, greenlit the establishment of the Siah Dik Copper Project in District Chag
Bears continued to dominate the trade floor on Wednesday at the Pakistan Stock Exchange (PSX) as shares declined by nearly 3,800 points, two days after the State Bank of Pakistan (SBP) cautiously eased the interest rate to 13 per cent. The benchmark KSE-100 index declined by 3,835.48 points, or 3.34pc, to stand at 111,025.20 points from the previous close of 114,860.68 points at 3:27pm. Fina