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  • SECP approves US equity index futures contracts

    September 29, 2017 12:00 AM 6

    KARACHI: The Securities and Exchange Commission of Pakistan (SECP), having notified the ‘International Equity Index’ as a financial instrument for the purposes of Futures Market Act, 2016, has accorded approval for trading of US equity index futures contracts through the platform of Pakistan Mercantile Exchange (PMEX), a statement said on Thursday. These

  • Govt's focus on e-buses: A status check on the services in Indian cities

    September 28, 2017 5:42 AM 5

    India has sought funding from World Bank and Asian Development Bank (ADB) to purchase electric buses for all its major cities to boost its electric mobility initiative. Nitin Gadkari, Minister of Road Transport and Highways said at the All India Management Association, "We have requested them to provide such loan at reasonable rates so that we can procure

  • World's largest uncut diamond sold for $53mn

    September 27, 2017 3:49 PM 5

    A tennis ball-sized rough diamond unearthed nearly two years ago by Canada's Lucara Diamond Corp has been sold for $53 million, the Vancouver-based company said on Monday. The 1,109-carat stone, which is the world's largest uncut diamond, was bought by high-profile British diamond dealer Graff Diamonds for $47,777 per carat, and will now be cut and polished

  • Karachi cheapest among Pakistan’s top five big cities

    September 25, 2017 1:12 PM 6

    Karachi is the cheapest among Pakistan’s top five big cities while Lahore emerged as the most expensive city in terms of cost of living, says a report published by State Bank of Pakistan (SBP). According to the report, Karachi’s year-on-year consumer price index inflation (CPI) was in August recorded at 1.7 per cent as compared to previous year’s 3.3 per cent. “Among

  • Global Virtual Reality Headsets Market 2017 – Oculus Rift, Sony PlayStation VR, Samsung Gear VR, Microsoft HoloLens

    September 25, 2017 11:37 AM 10

    Virtual Reality Headsets market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability also lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The market study

  • Seafood exports grew by 19.63pc in two months

    September 25, 2017 1:38 AM 10

    ISLAMABAD - Fish and fish preparations exports from the country during first two months of current financial year increased by 19.83 percent as compared the exports of the corresponding period of last year. About 13,648 metric tons of fish and fish preparations worth $35.273 million exported during the period from July-August, 2017 as compared the exports

  • At smartphone pioneer HTC: a new, or virtual, reality

    September 24, 2017 12:00 AM 8

    TAIPEI/SINGAPORE: When HTC Corp brought back founder Cher Wang two years ago to turn around the struggling Taiwanese mobile phone maker, investors hoped she could stem a sharp loss in market share to Apple and Samsung Electronics. But the gamble to rebuild the early smartphone pioneer’s reputation failed, as its market share has continued to dwindle

  • China gasoline exports up

    September 24, 2017 12:00 AM 6

    BEIJING/SHANGHAI: China´s gasoline exports rose in August as refiners continued to sell excess product abroad amid a domestic glut, customs data showed on Saturday. August gasoline shipments rose 35.2 percent from a year ago to 910,000 tonnes, according to data from the General Administration of Customs. Diesel exports rose to 1.47 million tonnes in August

  • ‘FBR ought to extend deadline for returns filing’

    September 24, 2017 12:00 AM 6

    KARACHI: Federal Board of Revenue (FBR) has to extend the deadline for filing of tax returns for the tax year 2017 as wealth statement form is yet to be finalised and uploaded on its e-filing system, tax experts said on Saturday. On September 20, FBR issued a draft of wealth statement form through a statutory regulatory order (SRO) and asked the stakeholders

  • US, EU sign deal to streamline insurance regulation

    September 23, 2017 10:05 PM 5

    The United States and the European Union signed an agreement Friday to streamline regulations on international insurance and reinsurance companies, and free up capital for investments, a deal that was 20 years in the making. The governments said the deal, negotiated by former US president Barack Obama’s administration and announced just before he left office