Conflicting updates surface on Alibaba’s talks to buy major Telenor Bank chunk

LAHORE An atmosphere of uncertainty prevailed when conflicting news on Alibaba's interest in Telenor Banks surfaced. Earlier Jack Ma’s Alibaba, the world’s biggest e-commerce player, had...

CPEC provided network to achieve win-win cooperation in Asia: Chinese Ambassador

ISLAMABAD Chinese Ambassador to Pakistan Sun Weidong has said that CPEC will provide important network and platform to achieve win-win cooperation in Asia and beyond. He...

Crossover Pakistan participates in mega IT event, ITCN Asia 2017

KARACHI Crossover Pakistan has carved its mark by becoming part of the biggest IT & Telecom event of Pakistan; ITCN Asia 2017. The 3-day event...

Country’s current account deficit widens to $2.601bn for Jul, Aug

KARACHI The balance of payment figures rang an alarming bell for the economists as the country’s current account deficit (CAD) widened almost double to (negative)...

Toys ‘R’ Us files for bankruptcy protection in the US

LAHORE Toys 'R' Us has filed for bankruptcy protection in the US and Canada as it attempts to restructure its debts. The firm was once a...

Market daily: PSX crosses 43,000pts among cheering investors

LAHORE In an exciting day of trading, the benchmark KSE 100 index settled beyond the 43,000 psychological level. Market participation almost doubled with low and...

Telecom sector; third highest contributor in terms of FDI for July-August 2017

Karachi:  Pakistan’s telecom sector was the third highest contributor in terms of foreign direct investment (FDI) during July and August, reported State Bank of...

Asians stock markets slip after record highs on Wall Street

Tokyo: Asian shares wavered on Tuesday, bolstered by record highs on Wall Street but hobbled by uncertainty as traders waited on a Federal Reserve...

Miftah Ismail may be appointed as advisor to PM on Finance

Islamabad: Dr Miftah Ismail may be appointed as Advisor to Prime Minister on Finance, as Ishaq Dar requested to be relieved from this post...

China inks $375m MOU’s at 18th International textile Asia exhibition

Lahore: A local newspaper reported that China signed $375m worth memorandum of understandings (MOUs) for investment in Pakistan at the 18th International Textile Asia...

ADB $900m loan faces bureaucratic hurdles and procedural delays

Islamabad: A local newspaper reported that $900m Asian Development Bank (ADB) funding approved for Pakistan has been affected by bureaucratic hurdles and complex procedural...

Inter-provincial coordination committee to discuss disputes on Sept 19

Islamabad: The federal government has called a meeting of the Inter-Provincial Coordination Com­mittee (IPCC) on September 19 to resolve a host of burning issues...

Cabinet approves to amend existing conventions between Pakistan, Turkey, Finland, Italy and Bahrain for...

Islamabad: Federal cabinet has approved to amend the existing convention between Pakistan, and Turkey, Finland, Italy and Bahrain for the avoidance of double taxation...

UK to maintain GSP Plus facility unilaterally after Brexit

Islamabad: Though confusion still persists regarding the trade preference to Pakistan by European Union after Brexit, United Kingdom has assured that the GSP Plus facility will...

Bank of China allowed to commence banking operations in Pakistan

KARACHI: State Bank of Pakistan (SBP), has given approval to the Bank of China Limited (BCL), for commencement of its banking business in Pakistan. Earlier, SBP...

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