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  • Baby Born On India's Jet Airways Flight Gets Free Tickets For Life

    June 19, 2017 3:12 PM 5

    ( - A baby born aboard a Jet Airways flight from Saudi Arabia to India has just received his first birthday gift - free lifetime air tickets from the private Indian airline. The child's mother went into premature labor on Sunday at an altitude of 35,000 feet. The airline crew and a passenger, who was a trained paramedic, helped deliver the baby. The Jet Airways

  • Who's up for a flying car?

    June 18, 2017 8:00 PM 5

    After years of testing, the Pal-V firm is set for production of a three-wheeled, two-person gyrocopter vehicle for use on the roads and in the skies. "The dream has been around for 100 years now," says Markus Hess, chief marketing officer of Pal-V - a name taken from "personal air and land vehicle." The aim is to deliver a first flying car to a customer

  • China securities regulator quickens pace of fines

    June 18, 2017 12:49 AM 4

    BEIJING: China's securities regulator has doled out more fines, totaling almost $1 billion, in the first five months of this year than during the whole of 2016, the official Xinhua news agency said on Saturday. Chinese regulators have launched a raft of new rules and increased scrutiny over China's financial services sector in a bid to reduce leverage

  • Amazon to buy Whole Foods for $13.7 billion

    June 18, 2017 12:00 AM 6

    NEW YORK: Inc said on Friday it would buy Whole Foods Market Inc for $13.7 billion, in an embrace of brick-and-mortar stores that could turn the high-end grocer into a mass-market merchant and upend the already struggling U.S. retail industry. Amazon used aggressive pricing to become an e-commerce retail juggernaut and has recently been experimenting

  • ‘CPEC to be fate changer’

    June 18, 2017 12:00 AM 6

    ISLAMABAD: China-Pakistan Economic Corridor (CPEC) is a fate changer for the people of Pakistan, said Dr Murtaza Mughal president of the Pakistan Economy Watch on Saturday. The investment of $46bln under CPEC had increased up to $56 billion now, he said, adding, of this $35 billion will be invested on energy projects and the remaining on infrastructure

  • IMF says Pakistan outlook ´favourable´, warns of risks

    June 17, 2017 1:25 PM 5

    ISLAMABAD: The International Monetary Fund (IMF) said the outlook for Pakistan´s economy was "favourable", citing Chinese infrastructure investments among reasons for growth, but warned of risks to recent progress. Confidence in insurgency-hit Pakistan is growing, with the IMF saying last year that the country had emerged from crisis and stabilised its economy

  • CPEC to generate more than 700,000 new jobs in Pakistan: Analysts

    June 17, 2017 9:12 AM 4

    ISLAMABAD: Pakistan Economy Watch President, Dr Murtaza Mughal has said that China Pakistan Economic Corridor (CPEC) was a fate changer for the people of Pakistan. Talking to Radio Pakistan, he said that the investment of $46 billion under CPEC had increased up to $56 billion now. According to Dr Mughal $35 billion will be invested on energy projects

  • IIAP to feature state-of-the-art facilities

    June 16, 2017 1:53 AM 4

    ISLAMABAD - Pakistan has been hailed as one of the fastest emerging economies in the region with its booming manufacturing and service sector and rising infrastructure. Opening up another chapter in its economic growth is the establishment of the largest airport in the country, Islamabad International Airport (IIAP). Developed by the Civil Aviation Authority

  • Silkbank gets SBP’s nod to issue Rs2bln TFC

    June 16, 2017 12:00 AM 4

    KARACHI: Silkbank has secured central bank’s nod and will soon be issuing Rs2.0 billion worth of term finance certificates (TFCs) for complying with the capital adequacy ratio (CAR) requirement, a bourse filing said. The State Bank of Pakistan (SBP) has granted final approval to the bank for issuance of rated, privately placed, unsecured and subordinated

  • SECP notifies draft auditors reporting obligations rules

    June 16, 2017 12:00 AM 6

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Auditor’s (Reporting Obligations) Regulations, 2017, to obtain public opinion, a statement said on Thursday. The Companies Act, 2017, stipulates various reporting obligations on the part of auditors of the company. In pursuance of the requirements of the act, the SECP has specified