Business
Business
Saudi Arabia changes Aramco status to joint-stock company
Saudi Arabia has changed the status of national oil firm Aramco to a joint-stock company as of Jan. 1, the…
Pakistan’s foreign reserves drop $26mn to $14,107mn
Foreign exchange reserves decreased $26 million to $14,107 million in the week ending Dec 29, compared to $14,133 million in…
Spotify hit with $1.6 billion copyright lawsuit
Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including…
Use of Chinese Yuan for denominating foreign currency transactions In Pakistan
The State Bank of Pakistan (SBP), in the capacity of the policy maker of financial and currency markets, has taken…
CPI based inflation remains in single digit at 4.57%
The Consumer Price Index (CPI) on year-on-year basis during December 2017 witnessed an increase of 4.57 per cent as compared…
Repairs begin on Libyan oil pipeline damaged by blast
Repairs were carried out on Saturday on a Libyan oil pipeline badly damaged by an explosion four days earlier, an…
Finance adviser Miftah Ismail targets tax reforms, touts rupee flexibility
New finance ministry chief Miftah Ismail said he plans significant tax reforms in the five months before the government’s term…
China’s Huawei flags slowest revenue growth in four years
China’s Huawei Technologies Co Ltd expects 2017 revenue to rise 15 per cent to 600 billion yuan ($92.08 billion), its…
Apple suppliers drop on report of weak iPhone X demand; analysts’ views mixed
Shares in several of Apple Inc’s Asian suppliers fell for a second straight day on Tuesday, hurt by a report…