China-Pakistan FTA talks conclude with ‘breakthrough’ in negotiations
The eighth round of China-Pakistan Free Trade Agreement negotiations finally concluded on a positive note on Friday, as the...
Over 21 percent growth in net tax collection in two month
The net tax collection by Federal Board of Revenue (FBR) during the first two months of the current fiscal...
Google disables offensive ad keywords found by BuzzFeed
Alphabet Inc’s Google said it had disabled a “majority” of the offensive keywords that BuzzFeed found could be used...
Facebook takes the next step to monetise WhatsApp: WSJ
Facebook Inc is gearing up to make money from WhatsApp, the messaging service used by more than a billion people every day, the Wall Street Journal reported on Tuesday. WhatsApp will be testing new features to make it easier for people to communicate with businesses they want to reach... Read more
CPEC to be most precious asset of Pakistan
Islamabad Chamber of Small Traders has said that China Pakistan Economic Corridor (CPEC) was an important step towards new global economic order which would trigger growth in the third world, therefore, it was not acceptable to the developed western world. The western economic model has failed to provide relief... Read more
Electric cars and renewables not enough to meet Paris climate goal
The cost of electric vehicles (EVs) will fall to match those running on combustion engines by 2022, a key trigger that will mean by 2035 half of all passenger vehicles sold globally will be electric, according to the head of a top energy consultancy. But this expected exponential rise... Read more
Hyundai Motor replaces head of China operation
Hyundai Motor has replaced the head of its Chinese operation, media reports said on Saturday, as it struggles to regain a foothold in the world’s biggest auto market amid a diplomatic spat between the Asian trading partners. Tao Hung Than has been named the new head of Hyundai’s China... Read more
More than four million Time Warner Cable records exposed in leak
More than four million records of users of Time Warner Cable’s MyTWC app were found unsecured on an Amazon server last month, digital security research center Kromtech Security Center said in a blog post on Friday. The files — more than 600 gigabytes in size containing sensitive information such... Read more
Apple sets September 12 for iPhone event marking tenth anniversary
Apple sent out invitations Thursday to a September 12 media event at which the US tech giant is expected to unveil new iPhone models for the 10th anniversary of the culture-changing smartphones. The keenly anticipated event will be the first to take place in the Steve Jobs Theater at... Read more
Ryanair CEO says won’t bid for Air Berlin
Ryanair chief executive Michael O’ Leary on Wednesday said his airline would not make a bid for insolvent Air Berlin, slamming what he called a German “stitch-up” designed to benefit Lufthansa. Several airlines are jostling to take over parts of Air Berlin after it filed for insolvency earlier this... Read more
Malaysia’s Axiata to buy Pakistan telecom towers for $940 million
Malaysian telecommunications group Axiata Group Bhd on Wednesday said it will buy communications towers in Pakistan for $940 million in partnership with local conglomerate Dawood Hercules Corp Ltd. Axiata said its telecommunications infrastructure services unit, edotco Group Sdn Bhd, and Dawood Hercules will buy 13,000 towers from Pakistan Mobile... Read more
PSX closes below 42,000
The Pakistan Stock Exchange (PSX) KSE-100 index closed below the 42,000 on Tuesday. On Tuesday, the PSX continued downward trend and the index lost 741 points during the day’s trading session with investors trading shares valuing more than Rs4.74 billion. The market closed at 41,233 points, reaching a high... Read more
HBL faces penalty over Rs66 billion, decides to shutdown operations in New York
Habib Bank Ltd (HBL) has decided to close New York Operations. According to a letter written by the bank’s company secretary, Nausheen Ahmad, to Pakistan Stock Exchange (PSX), HBL announced to close its operations at the New York branch as it may face civil monetary penalty of up to Rs67... Read more
Uber board picks Expedia’s Dara Khosrowshahi as new CEO
Uber Technologies Inc on Sunday chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. Khosrowshahi, 48, would take on... Read more
Petroleum products witness overall 3.39% increase in 12 months
The petroleum production grew overall by 3.39 percent during the last fiscal year as compared to corresponding year 2015-16. Production of six POL items including jet fuel oil, motor spirits, high speed diesel, furnace oil, jute batching oil and LPG witnessed increase, while Kerosene oil, diesel oil, lubricating oil... Read more
Senate holds in-camera briefing about arbitration claims after denial of mining lease
The House of Federation on Thursday held in-camera briefing about the arbitration claims filed by Tethyan Copper Company against Pakistan in relation to the denial of a mining lease for the Reko Diq project. Prime Minister Shahid Khaqan Abbasi briefed the house in-camera on the implications of the decision... Read more
UAE imposes excise tax from Oct 1
The United Arab Emirates (UAE) has imposed Excise Tax with effect on October 1st, 2017. In an exclusive interview with UAE official news agency WAM, Undersecretary of the Ministry of Finance Younis Haji Al Khouri said, “The tax shall impact all excise goods consumed inside the country, including all... Read more