PML-N to present fifth budget today; total outlay at Rs4.8 trillion
Finance Minister Senator Muhammad Ishaq Dar will present the fifth federal budget  FY 2017-18 of the ruling party with...
After new concert carnage, industry hopes to prevail
Violence has once again struck music fans with a suicide attack on Ariana Grande’s Manchester show, but the booming...
PSX welcomes inclusion of EFG-Hermes
Egyptian investment firm EFG-Hermes has been in the Pakistan Stock Exchange as a broker. A ceremony was held to...
PML-N to present fifth budget today; total outlay at Rs4.8 trillion
Finance Minister Senator Muhammad Ishaq Dar will present the fifth federal budget  FY 2017-18 of the ruling party with an estimated outlay of Rs4.8 trillion for the fiscal year 2017-18 today. This is the first time that the Pakistan Muslim League-Nawaz government will present a budget for the fifth... Read more
After new concert carnage, industry hopes to prevail
Violence has once again struck music fans with a suicide attack on Ariana Grande’s Manchester show, but the booming concert industry hopes to withstand the new shock. The explosion Monday in the British arena, which killed 22 people moments after the US pop idol left the stage, comes a... Read more
PSX welcomes inclusion of EFG-Hermes
Egyptian investment firm EFG-Hermes has been in the Pakistan Stock Exchange as a broker. A ceremony was held to at Pakistan Stock Exchange, Karachi to welcome the FG-Hermes in the Pakistani market. Talking to the media, EFG-Hermes Group CEO Karim Awad said, “We believe we can play a big... Read more
Aeromexico Passenger jet collides with truck at Los Angeles airport, injuring 8
An Aeromexico passenger jet collided with a utility truck on a taxiway of Los Angeles International Airport shortly after landing on Saturday, injuring eight employees who were aboard the truck, but no one on the plane was hurt, authorities said. The cause of the mishap, which damaged the right... Read more
Wall Street ends off session highs after fresh Russia probe reports
US stocks rose but closed below their session highs on renewed concerns about Donald Trump’s presidency, after two new reports related to a federal investigation into possible coordination between Russia and Trump’s election campaign. A senior White House adviser is a significant person of interest in the law enforcement... Read more
Google challenges Apple’s Siri by opening digital assistant to iPhone
Google challenges Apple’s Siri by opening digital assistant to iPhone Alphabet Inc’s Google said on Wednesday it would make its digital assistant available on Apple Inc’s iPhone, making a play for the higher end of the smartphone market and challenging Apple’s Siri feature on its own devices. The announcement... Read more
Facebook to reimburse some advertisers after discovering bug
Facebook Inc said on Tuesday it would refund some advertisers after finding a bug that wrongly attributed video carousel ad clicks as clicks to the advertisers’ websites. When users tried to expand and watch the video carousel on the mobile web browser, the bug inadvertently directed the click to... Read more
Oil settles flat; dips after API reports US crude build
Oil prices settled little changed on Tuesday after several OPEC members voiced support for prolonging supply cuts through March 2018 to reduce a global crude glut. Crude prices dipped later in post-settlement trade after data from the American Petroleum Institute showed an unexpected build in crude and distillate products... Read more
iPhone 8: Release date, price, rumours and news
The iPhone 7 was  released in September 2016, but iPhone 8 model featuring only iterative upgrades. iPhone 8 release marks a 1oth anniversary since the iPhone,which was first announced by Steve Jobs on 9 January 2007, and released later that year on June 29. Some reports indicates that Apple... Read more
IMF tells Berlin to act now to reduce trade surplus
Germany must act to reduce the massive trade surplus that has stoked friction with European neighbours and the United States, the International Monetary Fund warned Monday. “In 2016 Germany’s current account surplus was the world’s largest in dollar terms,” IMF economists noted in a report. “Policies that boost public... Read more
India boycotts China summit, calls for ‘meaningful dialogue’ on connectivity initiative
India signalled it will boycott a summit in Beijing on Sunday on boosting China´s trade links to the rest of the world, setting off a new dispute between the neighbours. The two-day summit is expected to be attended by Russia´s President Vladimir Putin, Turkey´s President Recep Tayyip Erdogan and... Read more
State Bank of Pakistan grants banking license to Bank of China
The State Bank of Pakistan (SBP) has granted  banking license to the Bank of China. In a press release on Saturday SBP has confirmed that  the bank will commence its business in branch mode after meeting other regulatory requirements. The Bank of China is a subsidiary of China Central... Read more
Facebook to play down links to websites with deceptive ads
Facebook is planning to intensify its crackdown on so-called clickbait websites, saying it will begin giving lower prominence to links that lead to pages full of deceptive or annoying advertisements. The downgrade of the links was expected to take effect beginning on Wednesday on News Feed, the home page... Read more
Barclays to pay $97 mn for overcharging investors
British banking giant Barclays has agreed to repay nearly $100 million to investment clients it overcharged for services, US financial regulators said Wednesday. The bank overbilled investment clients by nearly $50 million, US Securities and Exchange Commission said in a statement. “Barclays failed to ensure that clients were receiving... Read more