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  • MCB, Saudi institute sign deal

    January 1, 2019 12:00 AM 14

    LAHORE: MCB Bank Limitecd has entered into an agreement with leading Saudi financial institution Bank Al Jazira (Fawri) for the facilitation of remittances to beneficiaries in Pakistan, a statement said on Monday. Through the strategic partnership, MCB Bank will further facilitate overseas Pakistanis in Saudia Arabia to transfer remittances to Pakistan

  • No Uber or Airbnb in South Korea

    December 30, 2018 12:00 AM 14

    SEOUL: When Choi Ba-da pitched his car-sharing firm Luxi to Hyundai Motor officials in 2017, he told them there would be no future for South Korea’s top automaker if it failed to embrace emerging technologies, Reuters reported. His pitch worked: Hyundai agreed to buy a 12 percent stake in Luxi for $5 million, its first investment in a car-sharing firm as it joined

  • Farmers advised to cultivate sunflower

    December 30, 2018 12:00 AM 16

    FAISALABAD: Farmers have been advised to prefer cultivation of Baharia sunflower crops instead of late sowing of wheat. Talking to APP on Saturday, spokesman of Agriculture Department said cultivation of sunflower would commence from January 1st as it is tha best suitable time and the growers should complete it by mid of February to get bumper crop. He said that late sowing

  • Chinese companies offer subsidies on Huawei phones in show of support

    December 30, 2018 12:00 AM 13

    Shanghai: Chinese firms are encouraging staff to buy Huawei smartphones following Canada´s arrest of a top Huawei executive on a US extradition request, which has triggered an outpouring of nationalist support. Several companies are offering employees subsidies for Huawei phone purchases, while others have even warned staff against buying Apple products

  • Industries to remain shut today to overcome gas shortage

    December 30, 2018 12:00 AM 13

    KARACHI: Industrialists and Sui Southern Gas Company Limited (SSGC) reached an agreement on Saturday to keep industrial units closed today (Sunday) in order to help the utility cope up with the gas shortfall. Former president Site Association of Industry and Karachi Chamber of Commerce and Industry Zubair Motiwala told media that business community understands

  • APTMA seeks PM’s help

    December 29, 2018 12:00 AM 16

    LAHORE: All Pakistan Textile Mills Association (APTMA) Patron-in-Chief Gohar Ejaz has urged Prime Minister Imran Khan to chair regular meetings of the textile industry stakeholders for monitoring policy implementation, as well as performance in investment and exports, a statement said on Friday. The industry is committed to achieve $30 billion exports

  • NBP to observe extended hours

    December 28, 2018 12:00 AM 17

    KARACHI: The branches of the National Bank of Pakistan (NBP) and field offices of the SBP Banking Services Corporation (SBP-BSC) will observe extended banking hours up to 8:00pm on December 31, 2018 (Monday) to facilitate tax collection, a circular said on Thursday. “The NBP branches will settle their transactions with respective SBP-BSC field offices

  • Punjab CNG stations to remain closed for two weeks

    December 28, 2018 12:00 AM 23

    LAHORE: Sui Northern Gas Pipeline Ltd (SNGPL) on Thursday announced that compressed natural gas (CNG) filling stations operating on re-liquified natural gas (RLNG) in Punjab will remain closed for two weeks with immediate effect. According to a notification issued by SNGPL, owing to suspension of RLNG supplies, the load management plan for CNG stations

  • Hubco plans rise in coal project’s stake

    December 28, 2018 12:00 AM 20

    KARACHI: Hub Power Company Limited (Hubco) is mulling to almost double its stake in an estimated two billion dollars of imported coal-run power project, touted as the biggest one in the China-Pakistan Economic Corridor (CPEC) initiative. “Hubco now intends to increase its shareholding in China Power Hub Power Generation Company (Pvt) Limited (CPHGC)

  • NBP, Aljazira Bank to collaborate

    December 27, 2018 12:00 AM 26

    LAHORE: The National Bank of Pakistan (NBP) will jointly work with Bank Aljazira to increase remittances from Saudi Arabia through legal channel. According to the NBP sources on Wednesday, the matters for transfer of money of Pakistanis working in Saudi Arabia, have been finalised between the two institutions in a meeting held recently. The NBP and Bank Aljazira