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  • PM hails Mari Petroleum

    November 25, 2017 12:00 AM 5

    KARACHI: Prime Minister Shahid Khakan Abbasi during his visit at the closing session of the Annual Technical Conference and Oil Show 2017 visited the Mari Petroleum Company Limited (MPCL) stall and hailed its efforts being carried out to enhance the oil and gas production through indigenous resources, a statement said on Friday. Mari Petroleum Company

  • Weekly inflation down 0.31pc

    November 25, 2017 12:00 AM 3

    ISLAMABAD: The sensitive price indicator-based inflation for the week ended November 24 for the combined income groups decreased 0.31 percent as compared to the previous week, the latest data of the Pakistan Bureau of Statistics (PBS) revealed on Friday. SPI for the week under review in the abovementioned group was recorded at 225.11 points against 225.81 points

  • ‘Private sector ready to help govt’

    November 24, 2017 12:00 AM 3

    LAHORE: Private sector is ready to share government’s socioeconomic responsibility provided it takes private sector into confidence and takes onboard in policymaking, a statement said on Thursday. LCCI acting president Khawaja Khawar Rasheed stated this during a visit to Ghurki Trust Hospital along with the executive committee members, it added. The LCCI acting

  • ‘One Pakistan, One Food’ rules urged

    November 24, 2017 12:00 AM 2

    LAHORE: Stakeholders of food and beverages sector have expressed identical views on the standards and regulatory framework, calling for “One Pakistan, One Food” rules. In his opening remarks at an event on food standards on Thursday, Rana Tanveer Hussain, federal minister for defence production said, "Pakistan’s food industry is the second largest and plays

  • Amazon tells Australian retailers to prepare for orders from today

    November 23, 2017 12:00 AM 2

    SYDNEY: Amazon.com Inc has told its Australian sellers to be ready to take orders on Nov. 23, according to a retailer, the first time the global retail juggernaut has given a start date for doing business in the world No. 12 economy. Australia has long been home to Amazon-registered sellers, but until now they had been limited to sending goods offshore

  • Citigroup sells upsized finance block

    November 22, 2017 12:00 AM 3

    SINGAPORE: Citigroup has sold a block of 43.1m shares in L&T Finance Holdings for Rs7.8bn (US$120m) after pricing the upsized trade at the bottom of the Rs180.50–Rs188.05 range, a person with knowledge of the transaction said. Citigroup Global Markets Mauritius had originally planned to sell 39.2m shares, equal to a 2.15% stake, according to a term sheet

  • PFC team to visit UK

    November 22, 2017 12:00 AM 4

    LAHORE: Pakistan Furniture Council (PFC) will participate in a three-day mega international event “Pakistan’s business delegation in the United Kingdom”, commencing from December 18 to introduce Pakistani handmade world-class furniture products to attract foreign investors and buyers, a statement said on Tuesday. PFC Chief Executive Mian Kashif Ashfaq

  • SoftBank funding may spur Uber to re-think tough Southeast Asian market

    November 22, 2017 12:00 AM 2

    SINGAPORE: SoftBank Group´s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led by SoftBank

  • Third party payment solution launched

    November 21, 2017 12:00 AM 6

    KARACHI: The National Savings has launched a third party payment solution that will allow customers to make regular payments from their accounts in a hassle-free way, the National Savings said on Monday. With this initiative, saving account holders can safely pay bills, rents, fees and other expenses through withdrawal slip in the name of the payee

  • China Citic, Baidu launch direct bank

    November 19, 2017 12:00 AM 5

    BEIJING: China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalise on China´s rapidly growing fintech sector. AiBank is one among several tie-ups between an internet firm and a lender in China´s booming online finance market where technology gurus like Alibaba Group Holding