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  • PFA seals production units of renowned eateries, bakeries

    June 25, 2017 1:11 AM

    LAHORE: The Punjab Food Authority (PFA) Saturday sealed production units of renowned eateries and bakeries and imposed heavy fines on them for poor quality of food ingredients. The PFA teams carried out raids under the supervision of its Director General Noorul Amin Mengel and sealed the production unit of Bundu Khan Sweets over use of expired khoya

  • Wal-Mart not mulling Whole Foods bid

    June 25, 2017 12:00 AM

    NEW YORK: Wal-Mart Stores Inc is not actively considering making an offer for Whole Foods Market Inc, a source familiar with the matter told Reuters on Friday. Whole Foods, which accepted a $13.7 billion offer from Amazon.com Inc last week, has not received any rival bids as of Friday, a second source said. Both sources spoke on condition of anonymity

  • Huawei Y3 available in Pakistan

    June 25, 2017 12:00 AM

    KARACHI: Huawei, has launched another entry level device in its winning mid-range series, Huawei Y3 2017, a statement said on Saturday. This revolutionary device is now available in the Pakistan and is indeed the best choice in terms of the innovative features it boasts. Available in three beautiful colours; white, gray, gold, in this price range offers

  • ACCA partners with London university

    June 25, 2017 12:00 AM

    KARACHI: The first group of graduates to complete the University of London master’s route to ACCA (the Association of Chartered Certified Accountants) membership are looking forward to future opportunities afforded through having two world-renowned qualifications, a statement said on Saturday. Made possible through an innovative partnership between ACCA and the University

  • ‘Australian bank tax spooks global investors’

    June 25, 2017 12:00 AM

    SYDNEY: Australia´s decision to slap a A$6.2 billion tax on its major banks has created uncertainty among global investors who no longer see the country as a stable investment destination, according to the chief executive of National Australia Bank. NAB chief executive Andrew Thornton said London-based investors he had met were concerned about the federal

  • Jeep, car production up 5pc in 10 months

    June 24, 2017 12:00 AM 2

    ISLAMABAD: The production of jeeps and cars witnessed increase of five percent during the first ten months of the current fiscal year (2016-17) compared to the corresponding period of last year. As many as 160,650 units of jeeps and cars were manufactured during July-April (2016-17) compared to the production of 159,202 units during July-April (2015-16), according

  • SBP issues fresh currency notes worth Rs342 billion – Daily Pakistan

    June 23, 2017 4:42 PM 2

    KARACHI – The State Bank of Pakistan (SBP) has issued fresh currency notes worth 342 billion rupees this Ramadan. According to a statement issued by the central bank, the commercial banks have been issued fresh currency notes worth 40 billion rupees out of this amount. The amount also includes 25 billion rupees issued through SMS service by 1002 branches

  • NIT announces interim dividend for all funds

    June 23, 2017 12:00 AM 3

    KARACHI: The board of the National Investment Trust Limited (NIT) has approved interim dividend for all funds under its management for the year ending June 30, 2017, a statement said on Thursday. NIT is presently managing 10 funds with assets under management of around Rs111 billion as of June 21, 2017, it added. The board has declared an interim cash dividend

  • FBR imposes up to 60pc regulatory duty on vehicle imports

    June 21, 2017 11:54 PM 3

    KARACHI: The Federal Board of Revenue (FBR) has imposed up to 60 percent regulatory duty on import of new, old and used luxury vehicles. The FBR issued two different SROs on Wednesday to update the implementation of regulatory duty that was announced in the budget on May 26, 2017. The FBR notified regulatory duty on ad valorem basis imposed on about

  • Qatar Airways partners with The Curragh

    June 21, 2017 11:05 PM 3

    Qatar Airways yesterday announced its further commitment to Ireland by partnering with The Curragh following the inaugural Dublin-Doha flight on June 12. The airline’s entry into the Irish market strengthens Irish and Qatari business relationships as well as connecting Irish passengers to more than 150 destinations worldwide. Through the Irish and Qatari