OPEC’s Barkindo says rebound in oil investments ‘very minimal’
BAKU:Â The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow,...
Countries scramble after Thomas Cook collapse strands travellers
The collapse of British travel operator Thomas Cook TCG.L has left hundreds of thousands of holidaymakers abroad and forced governments and insurers...
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...
Meezan Bank announces 30pc growth in half-year financial results
KARACHI: The Board of Directors of Meezan Bank in its meeting, approved the Bank’s financial statements for the half year ended June...
SBP advises banks to root out terrorist financing
The State Bank of Pakistan (SBP) has directed all Banks, Development Financial Institutions (DFIs) and the Microfinance Banks (MFBs) to align their...
Auto sales up 21pc for July-May 2017-18
KARACHI: Total car sales have gone up by 21 per cent in the last eleven months of the current fiscal year with 201,134 units.
According...
Canada’s Sunrise Records agrees to buy UK music retailer HMV
LONDON:Â Canadian company Sunrise Records has agreed to buy ailing British music retailer HMV, safeguarding around three-quarters of jobs, administrators KPMG announced Tuesday.
HMV,...
Coca-Cola, US State Department to use blockchain to combat forced labour
NEW YORK: Coca-Cola and the United States (US) State Department along with two other companies said on Friday they are launching a...
2nd Pakistan Banking Awards to be held in Karachi
Karachi
The 2nd Pakistan Banking Awards 2017 will be held this month at a local hotel in Karachi with an aim to highlight...
Govt ready to submit National Electric Policy to CCI in April: Leghari
ISLAMABAD: Water and Power Minister Awais Ahmed Khan Leghari on Wednesday said the government is set to submit National Electric Policy next month in...
Govt to reduce LNG supply amidst falling demand
LAHORE: The government on Monday directed scaling down of Liquefied Natural Gas (LNG) from both specialised import terminals due to falling fuel...
Germany probes Audi over South Korea ‘fraud’: report Â
BERLIN:Â German prosecutors are investigating whether Audi fraudulently obtained authorisations for some cars in South Korea by falsifying chassis numbers and test records,...
Gas price increase to be focal point of discussion in ECC meeting
According to Ogra law, the regulator is required to revise gas prices bi-annually to be notified on the first of July and January and local gas prices are linked to global oil prices
Deutsche Bank and Commerzbank go public on merger talks
FRANKFURT: Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, although both warned that a deal was...
Big corporates back crypto ‘plumbing’ despite currency caution
LONDON: Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they’re steering...