Reliance Communications says committed to settle dues with Ericsson
The transaction was key to the debt-laden telecom operator’s restructuring plan, announced in May 2018, which entailed the sale of telecom assets such as towers and airwaves to Jio
China’s Chongqing to step up support for real economy
SHANGHAI: The sprawling southwestern Chinese city of Chongqing has introduced more measures to bolster the real economy amid growing pressure from Beijing...
France presses Renault over executive compensation paid via Dutch holding company
PARIS: The French government has told Renault to provide more details on compensation paid to senior executives via a Dutch holding company...
Neelum-Jehlum to produce electricity at full capacity from April
ISLAMABAD: Neelum Jhelum Hydroelectric Power Project is bracing up for full generation during the next high flow season that is due to...
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...
Iran’s central bank proposes slashing four zeros from falling currency: IRNA
DUBAI: Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency...
Cabinet to consider the summary of appointment of President/CEO ZTBL
The slot of President ZTBL Bank fell vacant after the termination of former President and CEO ZTBL Syed Talat Mahmood in October last year and the government had given the acting charge to Sheikh Aman Ullah
Iran approves anti-money laundering bill to ease foreign trade
Foreign businesses say Iran’s compliance with FATF standards and its removal from the organisation’s blacklist are essential if they are to increase investment, especially after reimposition of the U.S. sanctions on Tehran
US employers went on a surprising hiring spree in December
The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week
Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers
Washington seeks to bring Iranian oil exports to zero in order to curb Tehran’s missile and nuclear programs and counter its growing military and political influence in the Middle East
Twelve-member delegation leaves for Sydney to attend 3-day FATF moot
According to the report, a total of 4,643 dubious transactions linked to money laundering and terror financing were unearthed and blocked since 2015
Gas shortage and power plants tripping cripples’ national grid
Pakistan Electric Power Company (PEPCO) on Friday disclosed total power generation stood at 9,800 megawatts, whilst demand was 12,500 megawatts, resulting in a shortfall of 2,700 megawatts
RLNG supply not feasible to fertilizer plants, facing liquidity crunch says, SNGPL
To avoid a liquidity crisis, SNGPL has requested the Ministry of Finance to release subsidy amount worth Rs1,332,184,376 against gas provided to both fertilizer plants from December 8th to December 31st, 2018 on an immediate basis
Report puts entire blame of gas crisis on MD’s of SNGPL & SSGC
According to officials, the major beneficiaries of the recent gas crisis was the oil mafia which was successful in promoting the utilization of imported furnace oil in power plants in contravention of the merit order
NTDC to depute anti-fog insulators for controlling tripping in foggy weather
To rein in these incidents, the NTDC has floated tenders and it is anticipated the anti-fog insulators will be installed at Port Qasim by March 2019