Microsoft tops forecasts with 16% profit growth
Microsoft on Thursday delivered stronger-than-expected earnings for the past quarter, lifted by gains in cloud computing and other business...
Britain aiming for outline Brexit transition deal by first quarter of 2018: Brexit minister
Britain wants an outline agreement with the European Union on the transitional arrangements that will apply after it leaves...
GB Council approves budget of Rs 2.4 billion for year 2017-18
The Gilgit & Baltistan Council  Wednesday  approved a budget with a total outlay of about Rs 2.4 billion for...
Overseas Pakistanis remit $4.8bn in first 3 months of FY18
The overseas Pakistani workers remitted US $4,790.01 million in the first three months (July to September) of the fiscal year 2018 (FY18), compared with US $4,740.37 million received during the same period in the preceding year, the State Bank of Pakistan (SBP) said in a statement. The SBP said... Read more
‘Nudge’ theorist Richard Thaler wins Nobel economics prize
US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioral economics, showing how human traits affect supposedly rational markets, the Royal Swedish Academy of Sciences said on Monday. Thaler brought to prominence the idea of “nudge” economics, where humans are subtly... Read more
Chinese furniture manufacturers’ delegation visiting Pakistan from tomorrow
A high level 4-member Chinese furniture manufacturers delegation is scheduled to visit Pakistan for three-days from 10 October (Tuesday) to tap new prospects of mutual investment in the field of furniture industry and further strengthen the existing bilateral trade relations with Pakistani counterparts. The Chinese delegation is visiting Pakistan... Read more
‘Nudge’ theorist Richard Thaler wins Nobel economics prize
US economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioral economics, showing how human traits affect supposedly rational markets, the Royal Swedish Academy of Sciences said on Monday. Thaler brought to prominence the idea of “nudge” economics, where humans are subtly... Read more
US to sell $15bn THAAD missile defense to Saudi Arabia
The US government has approved the sale to Saudi Arabia of the advanced Terminal High Altitude Area Defense (THAAD) missile defense system for $15 billion, the State Department said Friday. “This sale furthers US national security and foreign policy interests, and supports the long-term security of Saudi Arabia and... Read more
Netflix raising subscription prices
Netflix on Thursday said it is bumping up subscription prices in the US and parts of Europe as the leading online streaming service invests in more shows and features. Shares of the Silicon Valley-based company jumped more than four percent to $192.44 in trading following news of the relatively... Read more
Google launches new phones, speakers in hardware push
Alphabet Inc’s Google on Wednesday unveiled the second generation of its Pixel smartphone along with new voice-enabled home speakers, redoubling its commitment to the hardware business as it competes with a surge of devices from Apple Inc and Amazon.com Inc. Google’s new products, including a Pixelbook laptop, wireless earbuds... Read more
POL discovers largest oil, gas reserves
Pakistan Oilfields Limited (POL) had discovered one of the largest oil and gas reserves from its Jhandial well (Punjab) in last five years. Jhandial well is located in Ikhlas Block in Northern Potwar, about 83 kilometers Southwest of Islamabad in District Attock said an official. POL holds 80% share... Read more
Oil falls more than 2 percent on signs of higher output
Oil fell more than $1 a barrel on Monday as a rise in US drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years. Iraq announced its exports rose slightly in September while a Reuters survey showed... Read more
Now taxes can be paid through ATMs, internet banking
The State Bank of Pakistan (SBP), the Federal Board of Revenue (FBR) and 1-Link signed an agreement on Monday through which taxpayers now can pay FBR taxes and customs duty using internet banking or ATMs. In a signing ceremony, SBP, FRB and 1-link inked an agreement to develop a... Read more
Google unveils new moves to boost struggling news organisations
Google announced new steps to help struggling news organisations Monday — including an end to a longstanding “first click free” policy to generate fresh revenues for publishers hurt by the shift from print to digital. The moves come amid mounting criticism that online platforms are siphoning off the majority... Read more
Gulf states say goodbye to tax-free reputation
Hard hit by a drop in oil income, energy-rich Gulf states will next year introduce value-added tax to a region long known for being tax-free. Some have hailed introducing VAT as the start of “exciting, dramatic” change in the region, but the measure is also expected to push prices... Read more
SBP keeps monetary rate unchanged at 5.75 percent
The State Bank of Pakistan has kept that policy rate unchanged at 5.75 percent. The announcement to this effect was made in the Monetary Policy Statement issued here on Friday. It said that the Macroeconomic environment remains conducive to growth without impacting headline inflation. Favorable initial estimates of major crops, a healthy... Read more
FRB extends deadline for filing tax returns till October 31
The Federal  Board of Revenue  has extended the deadline for filing of income tax returns till October 31. Federal Minister for Finance Ishaq Dar on Friday approved extension date for filing of Income Tax Returns/Statements by Companies, salaried individuals, other individuals and AOPs, till October 31, 2017. The minister... Read more