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  • Malaysia may grow 5 percent

    September 14, 2018 12:00 AM 4

    HONG KONG: Malaysian Finance Minister Lim Guan Eng said on Thursday that the Southeast Asian country can sustain 5 percent annual economic growth as its new administration reviews mega projects and copes with hefty debts left by the previous government. In August, Malaysia cut its 2018 growth forecast to 5 percent, from 5.5-6.0 percent and reported much slower

  • Saudi Arabia raises $2bln with new Islamic bonds

    September 14, 2018 12:00 AM 3

    DUBAI: Saudi Arabia has raised $2 billion in new sukuk, or Islamic bonds, completing its external funding requirements for 2018. The transaction is the kingdom´s second international sale of sukuk after a $9 billion issue last year. The bond sale was "part of the Ministry of Finance´s commitment to the development of the Shariah-compliant debt capital

  • Former WB official named BoI chair

    September 14, 2018 12:00 AM 3

    ISLAMABAD: Haroon Sharif, an eminent economist and former World Bank official, has been appointed as the chairman of the Board of Investment (BoI). A decision to this effect was taken by the federal cabinet that met here with Prime Minister Imran Khan in chair. Haroon Sharif holds vast experience of banking, investment and has been associated with the Securities

  • TDAP organizes seminar on Export of Glass Bangles

    September 13, 2018 12:00 AM 3

    Hyderabad: Trade Development Authority of Pakistan (TDAP), Hyderabad organized a seminar on Export Potential of Glass Bangles at Conference Hall of Hyderabad Chamber of Small Traders & Small Industry. A large number of members of business community from Hyderabad Chamber of Small Traders & Small Industry, Hyderabad Chamber of Commerce & Industry(HCCI)

  • TDAP to promote bangle exports

    September 13, 2018 12:00 AM 3

    KARACHI: The Trade Development Authority of Pakistan (TDAP) has planned display of locally-manufactured glass bangles in foreign consulates and embassies to attract foreign buyers and visitors in order to engender trade, a statement said on Wednesday. At a session with glass bangle manufacturers, TDAP Deputy Director Ashiq Hussain Khoso said that the authority

  • BoI invites foreign investors

    September 13, 2018 12:00 AM 3

    ISLAMABAD: The Board of Investment (BoI) has invited investors from Japan and Germany to invest in energy, auto and other sectors of Pakistan to benefit from attractive incentives offered by the country. In a meeting with investors from Germany and Japan, BoI identified energy, solar panels, electronics, automobile, textile, chemicals and plastics sectors

  • Apple’s newest iPhone could have big screen, big price

    September 13, 2018 12:00 AM 4

    SAN FRANCISCO: Apple Inc is expected to blast further past the $1,000 price barrier when it launches new iPhones on Wednesday, but Wall Street is most intrigued by how deep into its larger-than-ever lineup prices hikes may go. Apple´s market capitalization has passed $1 trillion and the company needs to sustain revenue growth from its signature product

  • United Tech to pay $14 mln for illegal foreign payments

    September 13, 2018 12:00 AM 1

    WASHINGTON: United Technologies Corp will pay $13.9 million to settle charges it made illegal payments or provided trips and gifts to officials from Azerbaijan, China, Kuwait, South Korea, Pakistan, Thailand and Indonesia in order to obtain business, the top U.S. securities regulator said on Wednesday. The Connecticut-based company did not admit or deny the findings

  • PTCL 3G EVO to stop working after 17th

    September 12, 2018 12:00 AM

    ISLAMABAD: To provide high speed and seamless internet experience to its customers, PTCL has recently implemented major upgrade of its CharJi 4G LTE network in Karachi, Islamabad, Rawalpindi and Peshawar. As part of this process, 3G EVO services in these cities will stop working from September 17, 2018, a statement said on Tuesday. PTCL 3G EVO customers

  • Power generation licence issued

    September 12, 2018 12:00 AM

    KARACHI: The National Electric Power Regulatory Authority (Nepra) has granted a generation licence to Jilani Energy Pvt Ltd for a 6.5MW coal-based captive power plant proposed to be setup for meeting the power requirements of Jilani Group of Companies, which is pioneer in the field of fabric and plastic packaging products in Pakistan. The power sector