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  • IR commissioner assigned AEOI duty

    September 12, 2018 12:00 AM 1

    KARACHI: The Federal Board of Revenue (FBR) has assigned a commissioner of Inland Revenue to continue the ongoing campaign against black money held abroad by Pakistanis and utilise the information received under Automatic Exchange of Information (AEOI). The FBR on Tuesday assigned Asma Aftab, a BS-20 officer of Inland Revenue Service, additional charge

  • Karandaaz, DFID initiate credit enhancement facility for infrastructure projects

    September 12, 2018 12:00 AM

    ISLAMABAD: Karandaaz Pakistan and UK’s Department for International Development (DFID) on Tuesday introduced Pakistan Credit Enhancement Facility (PCEF) to public and private sector stakeholders at a conference. The local currency credit enhancement facility was being set up to address and overcome existing constraints in the supply of local financing

  • LG to attend IFA 2018

    September 11, 2018 12:00 AM

    KARACHI: At IFA 2018, LG Electronics (LG) will be introducing two exciting additions to the G7 series of smartphones with the LG G7 One and LG G7 Fit, a statement said on Monday. Building on the foundation of the advanced LG G7 ThinQ, both the new phones offer a balance of premium features and exceptional prices for discerning customers, it added. Many consumers

  • Cinepax, STARZ PLAY collaborate

    September 11, 2018 12:00 AM

    KARACHI: Cinepax on Monday announced a joint venture with STARZ PLAY, the fastest growing Streaming Video on Demand (SVOD) service in MENA to launch ‘STARZ PLAY by Cinepax’, a statement said. The new service will grant subscribers access to thousands of hours of blockbuster hits and Pakistani, Hollywood, Bollywood, Kids favorites, it added. ‘STARZ PLAY by Cinepax’

  • Health Asia exhibition starts today

    September 11, 2018 12:00 AM

    KARACHI: The 15th Health Asia International Exhibition and Conference will start from September 11, 2018 at the Karachi Expo, a statement said on Monday. The three-day exhibition, incorporating Pharma Asia International Exhibition and Conferences is the biggest annual health and pharmaceutical industry event of Pakistan, it added. Around 500 delegates

  • State Bank rejects rumours

    September 11, 2018 12:00 AM

    KARACHI: The State Bank of Pakistan (SBP) on Monday rejected rumours that it would discontinue Rs5000 denomination banknote, a statement said. “The SBP board has not submitted any recommendation for demonetisation or discontinuation of Rs5,000 or any other banknote to the federal government or cabinet,” the SBP said. It is also clarified that the SBP Act, 1956 clearly

  • TDAP, SCCI organise pre-departure session to S Korea

    September 11, 2018 12:00 AM

    Sialkot: Trade Development Authority of Pakistan (TDAP), Regional Division North, Sialkot organized a pre-departure meeting session of TDAP-SCCI joint trade delegation to South Korea held in the Sialkot Chamber of Commerce and Industries (SCCI). In the session the Officers of TDAP, Chairman Exhibition and Delegation Committee, SCCI and representatives

  • Jack Ma to step down in 2019

    September 11, 2018 12:00 AM

    Shanghai: Alibaba co-founder Jack Ma announced on Monday he would step down as head of the pioneering Chinese e-commerce giant in one year, a departure already drawing comparisons to the retirement of late Apple founder Steve Jobs. Analysts said the early withdrawal of 54-year-old Ma, the charismatic face of a company that has revolutionised how and what China

  • OGDCL makes first oil, gas discovery in Hangu

    September 11, 2018 12:00 AM 2

    KARACHI: Oil and Gas Development Company Limited (OGDCL) discovered crude oil and gas from its exploratory Chanda well-1, which is located in district Kohat of Khyber Pakhtunkhwa, a bourse filing said on Monday. “This is the first discovery of crude oil and gas from Hangu Formation in Chanda Oil field,” OGDC said in a statement to the Pakistan Stock

  • Apple supplier shares slide after Trump tells tech giant to make products in US

    September 11, 2018 12:00 AM

    TAIPEI: Shares of Apple Inc suppliers fell across Asia on Monday after U.S. President Donald Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports. Trump’s comment came after Apple told U.S. trade officials on Friday that proposed tariffs by Washington in an escalating trade war with China