Bubble trouble? Bitcoin tops $11,000 after $1,000 surge in 12 hours
Bitcoin zoomed past $11,000 (£8,185.50) to hit a record high for the sixth day in a row on Wednesday...
Meredith to buy US publisher Time in Koch-backed deal
US media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated...
German car makers warned of possible battery materials shortage
The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in...
Khawaja Asif assures of Sialkot businessmen solution to their problems
Federal Minister for Foreign Affairs Khawaja Muhammad Asif has said that the government is fully aware of problems of the business community and making all-out efforts for solving them. He was talking to leading exporters during his visit to the Sialkot Chamber of Commerce and Industry (SCCI) on Saturday.... Read more
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 services. For its first fiscal quarter to September 30, the tech giant said profit was up 16 percent from a year ago to $6.6 billion. Revenue meanwhile rose 12 percent... Read more
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 the bloc by the first quarter of 2018, Brexit minister David Davis said on Wednesday. “I would be aiming to get certainly the outlines of it agreed, if we could,... Read more
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 financial year 2017-18 for Gilgit & Baltistan. Prime Minister Shahid Khaqan Abbasi, who is also the Chairman of the Council, chaired the meeting. The Prime Minister in his remarks at... Read more
Toyota’s Lexus will end partnership with The Weinstein Co
Toyota Motor Corp’s Lexus unit said on Tuesday it is ending its partnership with film and TV production firm The Weinstein Company after allegations that co-founder Harvey Weinstein sexually harassed or assaulted a number of women. “Lexus has chosen to terminate its agreements with The Weinstein Company that saw... Read more
HBL decides to appoint new CEO by December 2017
Habib Bank Limited (HBL) board has announced that existing Chief Executive Officer (CEO), Nauman Dar, will retire by end of the December 2017. Following the board meeting, HBL announced that “Nauman K Dar will be retiring from the role of president and CEO, with effect from December 31, 2017,”... Read more
HBL’s PnL takes dive to Rs 1.6 billion after DFS fine
Habib Bank Limited (HBL) profit for the first three quarters FY 2017 has gone down to Rs. 1.6 billion following the penalty by the New York State Department of Financial Services (DFS). The New York State Department of Financial Services (DFS) had fined Habib Bank $225 million for failures to... Read more
Motorcycle production rises 34.81pc in two months
The motorcycles production in the country witnessed a sharp increase of 34.81 percent during first two months (July-August) of the year 2017-18 as compared to same period of last year. The motorbikes production jumped to 324,824 units in July- August (2017-18) from the production of 240,937 units in same... Read more
Weekly inflation increases by 0.46 percent
The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on October 19 for the combined income groups decreased by 0.46 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 225.23 points against 224.20... Read more
Apple shares drop on iPhone 8 demand worries
Apple Inc’s shares fell 1.5 percent in premarket trading on Thursday on growing concerns about muted demand for the iPhone 8 and iPhone 8 Plus. The company has cut orders for both models by about 50 percent for November and December, Taiwan-based Economic Daily News reported, citing a supply... Read more
FBR fixes 30 to 50 pc regulator duties on sports products
The Federal Board of Revenue has levied regulatory duty on import of various sports products, ranging from 30 percent to 50 percent. According to FBR, the regulatory duty of articles and equipments for table tennis has been fixed at 50 per cent, lawn tennis rackets, whether or not strung... Read more
Finance Division directed to work with WB to ensure correct economic reporting
Finance Minister, Senator Muhamamd Ishaq Dar has directed the Finance Division to proactively work with the World Bank (WB) to ensure correct reporting of economic data. Chairing a meeting at the Ministry of Finance, the Finance Ministry also directed to ensure timely and effective implementation of the various ongoing... Read more
A controversial member of Qatar’s royal family said Saturday that Qatari authorities have frozen his bank accounts over his role in Doha’s crisis with its neighbours. “The Qatari regime has honoured me by freezing all my bank accounts,” Sheikh Abdullah bin Ali Al-Thani tweeted. Saudi Arabia, the United Arab... Read more
Pakistan, Russia cooperation in various sectors a step towards strengthening of bilateral ties: PM
Prime Minister Shahid Khaqan Abbasi on Friday said that Pakistan–Russia cooperation in various sectors was a step towards strengthening of bilateral relations. The prime minister was talking to Yury P. Sentyurin, Deputy Minister of Energy of the Russian Federation, who called on him at the PM Office. The prime... Read more