Business
Business
Foreign Exchange Reserves fall to $14.5bn
The country’s foreign exchange reserves decreased to $14.513 billion for the week ending July 11, from $14.637bn the previous week,…
Return on govt bonds raised to attract investment
The government yesterday,increased cut-off yields on Pakistan Investment Bonds (PIBs) to encourage banks and others to invest in long-term papers.…
Dry ports to be set up at three border points
The government has decided to establish dry ports at Torkham, Chaman and Wagha border points at a cost of Rs20.196…
Abbott Laboratories beats second-quarter profit estimate
Abbott Laboratories Inc reported better-than-expected quarterly earnings yesterday on recovering sales of its nutritional products and improved profit margins for…
USF disburses record Rs4.2bn subsidy
Universal Service Fund (USF) disbursed a subsidy of Rs4.2 billion during the previous fiscal year for its projects to provide…
E-commerce gateway to enhance consumers’ confidence: Anusha Rahman
"The e-commerce gateway is need of the hour and its establishment will further boost consumers’ confidence," said Minister of State…
21st Century Fox’s bid for arch rival Time Warner rejected
Rupert Murdoch's media conglomerate 21st Century Fox said yesterday that it made a bid for rival Time Warner, but that…
Houston Mayer Annise Parker hosts Iftar dinner
The Mayor of Houston, Annise Parker, has said that, "Houston was a city harboring hardworking individuals and that the exemplary…
‘Fed support’still needed by US economy
Federal Reserve Chair Janet Yellen said on Tuesday that the economic recovery is not yet complete and for that reason…