SECP defers applicability of IFRS 9
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) has deferred the applicability of the International Financial Reporting Standard (IFRS) 9 "Financial Instruments"...
Facebook releases 3rd edition of small business report
SANS FRANCISCO: Facebook has released its third edition of Global State of Small Business Report, a research collaboration with the World Bank...
Abraaj founder, managing partner arrested on fraud charges
NEW YORK/LONDON:Â The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd were arrested on the...
Pakistan’s biggest pharma deal in advanced talks: report
Businessman Munis Abdulla to purchase one of OBS Group's pharmaceutical operations for a reported sum of Rs11bn
Pakistan's OBS Group is in...
LG and Magna announce billion dollar joint venture in electric car gear
The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to...
Traders warn govt of dire consequences if demands not met
--'We are mulling to hold a march to the FBR’s office, a possible sit-in or a shutter down strike for an indefinite...
Qualcomm launches new chip to power 5G smartphones
Qualcomm Inc on Tuesday introduced its second-generation of so-called modem chips to connect phones to 5G networks, speeding up the race around...
Mercedes aims to be among top two players to scale autonomous tech: paper
FRANKFURT: Mercedes-Benz’s is not aiming to be the first manufacturer to develop a self-driving car but it wants to be among the...
KSE-100 closes flat amid volatile trading
KARACHI: Amidst volatile trading and thin market participation, the Pakistan Stock Exchange (PSX) closed Wednesday’s session flat. Foreign investors closed the previous...
PTCL licence expired on December 31 last year
LAHORE: The Pakistan Telecommunication Company Limited (PTCL) licence has expired on December 31, 2020, it was learnt on Friday.
The PTCL has started...
Market Daily: A glimmer of hope for investors at PSX, up 261.42 points
LAHORE: Driven by Thursday’s inertia, the KSE 100 index was off to a weak start at open and after falling to fresh...
Asian markets fall after Trump announces Mexico tariffs
HONG KONG:Â Asian stocks edged down on Friday, despite modest gains on Wall Street overnight, as US President Donald Trump's sudden announcement of...
FPCCI sees Qatari emir’s visit as good omen for Pakistan’s economy
The recent visit of Qatari Emir Sheikh Tamim bin Hamad Al Thani will go a long way in the promotion of bilateral...
UK net debt passes 100% of GDP for first time since 1961
Britain's public sector net debt surpassed 100% of gross domestic product in May as borrowing came in higher than expected, the Office...
Richard Branson’s Virgin Orbit files for bankruptcy, to seek buyer
Richard Branson's Virgin Orbit Holdings (VORB.O)Â filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term...