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  • Railways delegation meets ADB official

    July 4, 2018 12:00 AM 1

    ISLAMABAD: The Asian Development Bank (ADB) on Tuesday appreciated Pakistan Railways efforts for the completion of digital land asset database. ADB Mission Leader Adrian Torres expressed these views during a meeting with Member of the Ministry of Railways Faisal Ismaeli, a statement issued here said. Torres was briefed about creation of draft manual

  • LG launches new Q Stylus model

    July 1, 2018 12:00 AM 2

    KARACHI: LG Electronics (LG) on Saturday announced the new LG Q Stylus, the latest model in the expanding Q series midrange smartphones equipped with premium features, a statement said. The LG Q Stylus features handwritten input for those times when writing is more productive and expressive than typing, it added. Depending on the market, LG Q Stylus

  • JazzCash, NBP in BEOE fee service deal

    July 1, 2018 12:00 AM 2

    KARACHI: JazzCash on Saturday announced it has entered into a collaborative deal with National Bank of Pakistan (NBP) to provide fee collection service to Bureau of Emigration and Overseas Employment (BEOE). A company statement said henceforth all Pakistani citizens pursuing overseas employment could pay the application fee through JazzCash Mobile Account

  • China’s ZTE shakes up board in bid for US ban lift

    July 1, 2018 12:00 AM 2

    SHENZHEN/HONG KONG: Chinese telecoms giant ZTE Corp announced a new board on Friday in a radical management shakeup as part of a $1.4 billion deal with the United States, moving it closer towards getting a devastating American supplier ban lifted. The United States slapped the crippling seven-year supplier ban on ZTE, China’s No. 2 telecommunications

  • Trump says Saudi agreed to raise oil output by 2 million barrels

    July 1, 2018 12:00 AM 3

    WASHINGTON/RIYADH: US President Donald Trump said in a tweet on Saturday that Saudi Arabia´s King Salman had agreed to his request to increase oil production "maybe up to 2,000,000 barrels" to offset a decline in supplies from Iran and Venezuela. Trump tweeted: "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil

  • JS Global organises Pakistan Investment conference in US

    June 30, 2018 12:00 AM 3

    WASHINGTON: JS Global Capital (JSGCL), Pakistan’s leading brokerage and investment banking firm, organized the third of its kind Pakistan Investment Conference 2018 from 25-27 June 2018 in the United States. The high-powered delegation included Kamran Nasir -CEO JS Global Capital Ltd, Khalid Mansoor- Member Overseas Investors Chamber of Commerce (OICC)

  • SECP, universities sign MoU

    June 30, 2018 12:00 AM 3

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has signed memorandums of understanding (MOU) with Government College University Lahore (GCU), Kinnaird College for Women (KC), and Beaconhouse National University (BNU) to collaboratively disseminate financial education to students. The MoUs fall under the banner of Jamapunji, SECP’s

  • Novartis plans spinoff of Alcon, $5bln share buyback

    June 30, 2018 12:00 AM 3

    Geneva: Swiss pharmaceutical giant Novartis said Friday it planned to cut loose its Alcon eye care division, and aimed to buy back $5.0 billion of its own shares by the end of 2019. Novartis said that by spinning off Alcon, it would be able to better focus on its pharmaceutical business. At the same time, Alcon "would become a publicly traded global

  • Changan Automobile, Master Motor sign agreement: Chinese joint venture to start $100mln car plant by year-end

    June 30, 2018 12:00 AM 3

    KARACHI: Chinese automakers are set to kick-start their $100 million car assembling plant with annual production capacity of 30,000 units by the year-end, officials said on Friday. “We are excited to see the market potential in Pakistan as well as the export opportunities we can tap,” Wang Huanran, assistant president and general manager of Overseas

  • Salt export potential highlighted

    June 29, 2018 12:00 AM 2

    KARACHI: Pakistan is the only country, which has iron-rich pink coloured salt and offers huge export potential worth billions of dollars, speakers at the World Salt Conference said on Thursday. “Pink colour is the result of various minerals naturally found in pink salt, including iron, which plays an important role in the eradication of iron deficiency