Akzo Nobel divests specialty chemicals business to Carlyle for $12.6 billion
AMSTERDAM: Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore’s GIC ...
Twitter to ban cryptocurrency ads starting Tuesday
LONDON: Twitter Inc will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving...
Abraaj contemplating to divest part of its investment business
DUBAI/ABU DHABI: Private equity firm Abraaj Group is considering selling part of its investment management business as it seeks to stem the...
Govt contemplating decreasing income tax rates for salaried class in upcoming budget
ISLAMABAD: The incumbent government is contemplating to decrease income tax rates for salaried class individuals in the upcoming budget, aiming to reduce...
Asian stock markets rebound, as dollar saps
SYDNEY: Asian share markets rose sharply on Tuesday as reports of behind-the-scenes talks between the United States and China rekindled hopes a...
Oil prices rise, as tensions in Middle East may lead to supply disruptions
SINGAPORE: Oil prices rose on Tuesday, pushed up by concerns that tensions in the Middle East could lead to supply disruptions.
Hopes that...
LCCI chief urges Greek businessmen to enhance trade
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javaid said on Monday that average trade around $70 million between...
Pakistan to be among top 50 of EoDB list by 2020
LAHORE: Provincial Finance Minister Dr Aisha Ghaus Pasha said that Pakistan aims to be among the top 50 countries on the Ease...
Punjab offers lucrative investment opportunities in all sectors: OPC VC
LAHORE: Vice Chairperson Overseas Pakistanis Commission (OPC) Punjab Senator Shaheen Khalid Butt has said that the Punjab province offers lucrative opportunities for...
Economic stability, law and order has boosted confidence of foreign investors: PM
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi Monday said that Pakistan has achieved significant economic stability and with the improved law and order...
Market Daily: Indices settle flat after a volatile session
LAHORE: The Pakistan Stock Exchange (PSX) was off to a weak start, as it took inspiration from regional markets following a global...
Devaluation to hit poor, boost profits for influential sectors: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Monday said devaluation will increase the burden on poor, increase foreign debt and liabilities while...
Banking spread shrinks to historic low
KARACHI: In a surprising development, the average banking spread shrank in February despite a hike in the benchmark interest rate at the...
PAMA calls for reducing input tax rate on tractors
KARACHI: Pakistan Automotive Manufacturers Association (PAMA) has requested the government to reduce the input tax rate on tractors, which is resulting in a...
ICAP calls on prime minister, stresses need for tax reforms
KARACHI: A delegation of Institute of Chartered Accountants of Pakistan (ICAP) led by its President Riaz A Rehman Chamdia called on Prime...