Business
Business
Nestle Pakistan records a an exceptionaly high 43% rise in net profit
Nestle Pakistan boosted its net earnings by a staggering 43% on a year-on-year basis in the nine months ended September…
Engro Foods’ posts net loss for 3rd straight quarter
Engro Foods reported a net loss in the third quarter of 2014, according to the company’s latest financial results, revealed…
Market watch: Bears reappear at KSE
The index felt the political turmoil prevalent in the city with investors exercising caution. At close, the Karachi Stock Exchange’s…
Apex court unlocks OGDCL selloff
In an interim order issued yesterday, the Supreme Court gave the government the green-light to carry out the privatisation of…
Meezan Bank acquires HSBC
Pakistani branch operations of HSBC Bank Middle East have now merged with and into Meezan Bank, according to a notice…
SBP data: Current account deficit at a high $1.33b
Pakistan’s current account deficit in the first three months of 2014-15 remained $1.33 billion, according to data released by the…
Saudi’s biggest bank crumples under Islamic scholars pressure
Saudi Arabia's biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into…
Virgin pays $1 for Tigerair
Virgin on Friday took full control of Tigerair airline Australia, buying the remaining 40 percent it did not already own…
Rich-Poor gap in US near highest levels in 100 years
Federal Reserve chief Janet Yellen warned that the gap between the rich and poor in the United States is widening…