A huge collection of 3400+ free website templates JAR theme com WP themes and more at the biggest community-driven free web design site
Home / Business (page 40)

Business

Bank of China allowed to begin operations in Pakistan

KARACHI (Web Desak) The Bank of China (BoC) has been allowed to commence banking business in the country, said the State Bank on Monday.This is the second Chinese bank which has been allowed to operate in Pakistan.Earlier, the Industrial and Commercial Bank of China (ICBC) opened two branches in Karachi …

Read More »

MoUs signed for $315m investment in Pakistan at textile expo

LAHORE (Web Desk) The three-day 18th International Textile Asia Exhibition concluded with $375 million worth of Chinese investment in Pakistan, pledged through several memorandum of understanding’s (MoUs) signed between Chinese and local firms.The event was jointly organised by the E-commerce Gateway Pakistan and Pakistan Readymade Garments Manufacturers and Exporters Association …

Read More »

Gas reforms will impact households

ISLAMABAD (Web Desk) Residential gas consumers are likely to be affected by gas sector reforms spearheaded by Prime Minister Shahid Khaqan Abbasi notwithstanding the government’s assertions to put in place two different tiers of gas supplies and pricing.The erstwhile Ministry of Petroleum and Natural Resources under Mr Abbasi as federal …

Read More »

GM to recall 2.5m vehicles in China over Takata airbags

BEIJING (Web Desk) General Motors will recall more than 2.5 million vehicles in China over concerns about airbags made by troubled Japanese giant Takata, Chinese authorities said, dealing a blow to the United States automaker in the world’s largest car market.GM and its joint venture partner Shanghai GM will start …

Read More »

Index adds 1,386 points on FTSE rebalancing

KARACHI (Web Desk) Stocks rallied during the outgoing week with the KSE-100 index going up by 1,386 points (3.35 per cent) to 42,787.Strong support at the 41,000-point level provided the market with a major trigger.The index closed in the positive in four out of five sessions during the week. The …

Read More »

Rupee depreciation report submitted

KARACHI (Web Desk) The inquiry report about the rupee’s sudden depreciation against the dollar on July 5 has been submitted to the Ministry of Finance.However,banking sources said the report did not hold anyone responsible for the depreciation of 3.1 per cent in a single day.The probe committee submitted the report …

Read More »

Petrol likely to get scarce amidst dwindling stocks

ISLAMABAD (Web Desk) Petrol stations started drying up on Friday as stocks plummeted to a critical level.A shortage of petrol looms amidst a spike in consumption, fewer imports, transportation challenges and chronic circular debt.The country’s total usable petrol stocks fell below 130,000 tonnes, which is sufficient for less than five …

Read More »

Pakistan’s services export up 15pc

ISLAMABAD (Web Desk) Pak­istan’s exports of services recorded a growth of 15.32 per cent year-on-year to $403.71 million in the first month of the current fiscal year, the Pakistan Bureaus of Statistics said on Friday.The export of services entered positive growth in the past couple of months after recording negative …

Read More »

UBL to approach FIA for fake messages on social media

ISLAMABAD (Web Desk) The United Bank Limited (UBL) has decided to approach the Cyber Crime Circle of the Federal Investigation Agency (FIA) in connection with “fake messages” being circulated on social media websites to damage its reputation.According to a letter written by the chief legal counsel of the bank to …

Read More »

Gold prices steady at two-week low

LONDON (Web Desk) Gold steadied above an earlier two-week low on Thursday as the dollar softened despite strong US consumer inflation data, which could allow further interest rate increases from the Federal Reserve.The US currency was down 0.2 per cent against a basket of currencies, having posted its biggest one-day …

Read More »