VEON eyes to buy GTH’s assets in Jazz for $2.55 billion
Global Telecom’s capital amounts to EGP 2.7 billion distributed over 4.7 billion shares at a par value of EGP 0.58 per share.
Brent crude touches two-week highs, as oil prices rise
NEW YORK: Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock...
Underutilisation of PGPC’s LNG terminal may cost govt $40m in 2019
ISLAMABAD:Â Pakistan LNG Terminal Limited (PLTL) has said that the gas consumers would have to pay an additional amount of approximately $40 million...
Iranian power firm seeks PM’s intervention for unpaid NTDC dues
Despite completing Pak-Iran 220KV transmission line for Gwadar, the company has only received 40% of the contracted payment
China offered to establish deep-country oil refinery in Lahore
Islamabad: China has been extended an offer by Pakistan for setting up a mid-country deep-conversion oil refinery in Lahore, according to officials.
This...
Banking sector flourishes amid economic crisis in Pakistan: CEN
BEIJING: The banking sector has topped among other businesses that thrived during the present times of economic crisis in Pakistan, China Economic...
Lame duck PML-N govt blocks building third LNG terminal
With competition nipped in the bud, the consumers shall pay the tab
ISLAMABAD:Â The lame duck PML-N government, whose tenure ended on May 31,...
Gul Ahmed: defiant or delusional?
As this magazine has consistently pointed out for the last three weeks, it is not the best time to be in the...
Punjab govt ignored vital components of agriculture growth strategy
LAHORE: Despite placing agriculture sector development at the forefront of its development agenda, Punjab government could not give attention to basic components...
Pakistan and Iran to reopen banking channels
State Bank of Pakistan (SBP) and the Central Bank of Iran (CBI) are expected to sign an agreement in the next week...
Government to privatise SME Bank, Mari Petroleum, PSM and PIA
ISLAMABAD: While the opposition parties like Pakistan Peoples Party (PPP), Pakistan Tehrik-e-Insaf (PTI) and others are concerned about government’s move of privatising Pakistan...
U.S. asks allies to shun Huawei equipment, WSJ reports; sector stocks fall
The move would further pile pressure on the world’s biggest telecom gear maker, which is under scrutiny from Western intelligence agencies for its perceived ties to China’s government and the possibility its equipment could be used for espionage
Alibaba acquires 100 percent stake in Daraz
The financial details of the transaction were not revealed and Daraz would continue to operate under the same brand following the sale to Alibaba, said Rocket Internet.
Habib Bank eyes opportunities connected with CPEC in Xinjiang
Habib Bank, one of the largest private banks in Pakistan which opened its branch in Urumqi, is eyeing opportunities connected with the...
SECP gives green signal to two modarabas worth Rs 800m
The Religious Board constituted by the federal government for the SECP under Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, has...