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  • S&P raises rating on Greek debt

    January 21, 2018 12:00 AM

    Washington: S&P Global Ratings on Friday raised the rating on Greek government debt by a notch citing the improved outlook for the crisis-stricken country´s finances and economic growth. positive outlook, which means the ratings agency could raise the grade further in the next year. "The upgrade reflects Greece´s steadily improving general government

  • KE wins best solar project award

    January 20, 2018 12:00 AM

    KARACHI: The K-Electric (KE) on Friday announced it has become the first company of the country to win the best project award in the category of ‘Corporate Solar Sustainability Program of the Year’. “The utility received the honour at Middle East Solar Industry Association’s (MESIA) Solar Awards 2018 ceremony, held as a part of the five-day World Future

  • Hinopak Motors earns profit

    January 20, 2018 12:00 AM

    KARACHI: Hinopak Motors Limited earned a net profit of Rs191.324 million for the quarter ended December 31, 2017, which is 135 percent lower than the profit of Rs449.328 million during the same period of the last year, a statement said on Friday. The earnings / share (EPS) clocked in at Rs15.43 for the quarter under review as against EPS of Rs36.123 during

  • KPT cargo handling up in Jul-Dec

    January 20, 2018 12:00 AM 1

    “The port handled a total of 27.198 million metric tons of dry, bulk, liquid, and containerised cargo during July-December period of 2017/18 compared to 25.83 million metric tons handled in the same period last fiscal,” the KPT said in a statement. “The container handling also increased to 1.107 million twenty equivalent units (TEUs) in the period compared

  • Toshiba reaches deal to help resolve Westinghouse bankruptcy

    January 19, 2018 12:00 AM

    NEW YORK: Toshiba Corp said on Thursday it had clinched an agreement to sell its claims in bankrupt U.S. nuclear plant maker Westinghouse Electric Co LLC in a deal that would add $3.7 billion to the Japanese owner´s depleted capital base. The Japanese conglomerate has also agreed to transfer its Westinghouse-related shares to Canada´s Brookfield Business

  • Emirates offers global sale

    January 19, 2018 12:00 AM 2

    KARACHI: Emirates has launched a global sale to encourage travellers from Pakistan to explore new destinations and revisit their favourite cities, a statement said on Thursday. The airline is offering special offers on Business and Economy class fares to a wide range of cities across six continents. Bookings have to be made between January 16 to January

  • Real estate expo from 27th

    January 19, 2018 12:00 AM

    KARACHI: Pak Real Estate Group in collaboration with the Defence Clifton Association of Real Estate Agents (DEFCLAREA) and Defence Society Residents Association (DSRA) will organise the Real Estate Expo 2018 and award show from January 27, 2018, a statement said on Thursday. The three-day event will be held at Marble Arch, Sunset Club, DHA, it added

  • Forex reserves slip to $19.77bln

    January 19, 2018 12:00 AM

    KARACHI: The liquid foreign exchange reserves of the country declined $249 million during a week, owing to external debt servicing, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country slipped to $19.771 billion by the week ended January 12, 2018 as compared to $20.02 billion during the preceding week. During

  • Zong 4G launches Smart Car solution

    January 18, 2018 12:00 AM 4

    KARACHI: Zong 4G started the New Year 2018, with yet another state-of-the-art 4G enabled product, Zong 4G Smart Car solution, a statement said on Wednesday. Zong 4G Smart Car solution takes the 4G users in a new realm of digitalisation, by offering three features in one innovative vehicle onboard diagnostics OBD–II device, monitored through a mobile

  • Marriott, Maverick sign agreement

    January 18, 2018 12:00 AM 4

    LAHORE: Marriott International Inc announced an agreement with Maverick International Private Limited (an associate of Maverick Hotels, Inc of USA) to open a 300-room Marriott Hotel in Lahore, a statement said on Wednesday. Alex Kyriakidis, president and managing director of the Middle East and Africa, Marriott International said: “We are delighted to work with Maverick