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  • PTCL’s profit falls to Rs6.5 billion in Jan-Sept

    October 12, 2017 12:00 AM 11

    ISLAMABAD: Profit of Pakistan Telecommunication Company Limited (PTCL) fell seven percent to Rs6.5 billion with earnings per share (EPS) of Rs1.27 for January-September as the firm’s revenue declined during the nine-month period. PTCL recorded Rs7.59 billion in profit with EPS of Rs1.49 during the corresponding period a year ago. The company’s board

  • The Digital Video Revolution at CASBAA Convention 2017

    October 11, 2017 3:01 PM 6

    HONG KONG, Oct 11, 2017 - (ACN Newswire) - Regional multichannel TV and digital video trade body CASBAA today announced the key themes (and workshop programme) for the CASBAA Convention 2017 to be staged at Studio City in Macau, from 6-8 November. The line-up for the three-day CASBAA Convention 2017 has been designed "to capture the urgent issues facing

  • Taiwan Sept exports surge at best pace in 7 yrs, showing solid tech demand

    October 11, 2017 11:21 AM 4

    TAIPEI (Oct 11): Taiwan's already-buoyant exports surged much more than expected in September, growing at the fastest on-year pace in more than seven years, thanks to strong global demand for electronic gadgets at the start of the year-end shopping season. Exports in September rose 28.1% from a year earlier, the finance ministry said on Wednesday. That was the fastest

  • IMF must be abolished, says demonetisation supporter Jagdish Bhagwati after India growth forecast cut

    October 11, 2017 7:50 AM 10 5

    Shortly after International Monetary Fund cut India’s FY18 economic growth estimate owing to demonetisation and GST, noted economist Jagdish Bhagwati rubbished the forecast saying that the institution must be abolished. Shortly after International Monetary Fund cut India’s current fiscal 2017-18 economic growth estimate by as much as 50 basis points

  • Avari group launches hotel in Multan

    October 11, 2017 12:00 AM 8

    Avari group launches hotel in Multan MULTAN: China would not let anyone dismember Pakistan or harm its territory because it was investing $ 46 billion in it for its survival, a leading businessman said on Tuesday. “China-Pakistan Economic Corridor (CPEC) would be a game changer for Pakistan which would bring prosperity, development and employment for thousands

  • Remittances fall 19.75pc to $1.293bln in September

    October 11, 2017 12:00 AM 11

    KARACHI: Workers remittances fell 19.75 percent year-on-year to $1.293 billion in September, the central bank data showed on Tuesday. The slowdown in remittances in September is mainly attributed to lower inflows from the big source markets in the Gulf region, the United Stated and the United Kingdom. However, the inflow of workers’ remittances edged

  • PIA refurbishes its Boeing 777 at airline’s engineering base in Karachi

    October 10, 2017 11:19 AM 4

    Pakistan International Airlines (PIA) first Boeing 777 has been refurbished at the airline’s engineering base in Karachi, said a press release on Tuesday. The in-house refurbishment includes new seat covers, change of carpet and deep cabin cleanliness for the plane. “This project utilises PIA engineering capabilities and in a similar fashion all aircraft

  • Palm oil stocks up 3.98 pct in Sept: MPOB

    October 10, 2017 7:14 AM 6

    KUALA LUMPUR: Malaysia's total palm oil stocks in September 2017 rose by 3.98 per cent to 2.01 million tonnes from 1.94 million tonnes in August, said the Malaysian Palm Oil Board (MPOB). In a statement today, MPOB said, crude palm oil (CPO) stocks rose by 0.96 per cent to 1.06 million tonnes during the month under review from 1.05 tonnes registered

  • Pakistan celebrates World Post Day

    October 10, 2017 1:29 AM 6

    ISLAMABAD: Hand in hand with Universal Postal Union, the Pakistan Post traditionally celebrates the World Post Day every year on October 9, with a new resolve to provide postal services, financial services, customised e-services and logistics to the customers, meeting the demands of the technology-driven competitive environment. The Pakistan Post celebrated

  • AccorHotels bids for Mantra

    October 10, 2017 12:00 AM 12

    Sydney: France´s AccorHotels has made a Aus$1.17 billion (US$910 million) bid for one of Australia´s biggest hotel operators, the Mantra Group, the local company said Monday in a move that sent its share price soaring. Mantra, which operates more than 20,000 rooms in Australia, New Zealand and Indonesia, said it had received an offer of Aus$3.96 cash per share