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...

Bank Islami rubbishes claims of receiving financial assistance from SBP

KARACHI Bank Islami Pakistan Limited (BIPL) clarified in a statement filed in the stock exchange that it did not receive any financial assistance from State...

Jazz appoints Kazim Mujtaba as Head of Marketing

Islamabad: Kazim Mujtaba has been appointed as Jazz’s Head of Marketing, according to his LinkedIn profile and also reported by a local technology website. Prior...

Apple making major changes to App store as iOS 11 release looms

Cupertino: Apple’s newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new...

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...

Global oil prices fall slightly on news of rising US shale output

Singapore: Oil markets dipped on Tuesday, pulled down by rising U.S. shale output and fears that another hurricane hitting the Caribbean could knock out...

Fissures reported regarding selection of foreigner as MD, PSX

Karachi: A local newspaper report has claimed of fissures regarding selection of Richard Morin, as Managing Director of the Pakistan Stock Exchange (PSX). A Chinese...

Packages Limited completes 35pc acquisition of Stora Enso’s stake in BPL

Karachi: In a notification sent to the bourse on Tuesday, Packages Limited announced that it had completed its 35pc acquisition of Stora Enso’s stake...

Honda invests $267 million to ramp up production of 2018 Accord model

Detroit: Honda Motor Co Ltd said on Monday it has invested $267 million and will add 300 new jobs to support increased production of...

Telecom operators collected around Rs2 trillion in taxes during last five years

Islamabad: The cellular companies received nearly Rs 2 trillion as tax from customers during the past five years, reported Online. According to documents available...

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...

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