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  • Remittances up 13.45pc to $3.9bln in July-August

    September 11, 2018 12:00 AM

    KARACHI: Remittances from overseas Pakistani workers rose 13.45 percent in the first two months of the current fiscal year, the central bank data showed on Monday, with most of the increase coming from the United States and the United Kingdom. Remittances stood at $3.9 billion in July-August FY19, compared with $3.4 billion in the corresponding period

  • Iran lets money exchange houses import foreign bills

    September 9, 2018 12:00 AM 2

    Tehran: Iran gave permission to money exchange offices on Saturday to start importing foreign currency banknotes, state media reported, in an apparent attempt to stop the rial from plunging to a new low against the dollar. Iran´s currency has lost about two-thirds of its value this year, hitting a record low earlier this week of 150,000 rial to the U.S. dollar

  • Apple says US tariffs on China would hit ‘wide range’ of products

    September 9, 2018 12:00 AM

    SAN FRANCISCO: A “wide range” of Apple Inc products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods, the company told U.S. trade officials, but gave no sign of an impact on its iPhone cash cow. A “wide range” of Apple Inc products including the Apple Watch would be affected by proposed U.S. tariffs on Chinese goods

  • Second meeting of Pak-Saudi JWG on trade held in Islamabad

    September 8, 2018 12:00 AM 2

    Islamabad: Pak-Saudi Joint Working Group on Trade and Investment was constituted in the 11th Session of Pak-Saudi Joint Ministerial Commission held at Islamabad in January 2018, with a view to enhancing bilateral economic cooperation through identifying concrete & specific areas in trade and investment. Second meeting of the JWG was held at Islamabad

  • Euro zone Q2 GDP growth at 0.4pc

    September 8, 2018 12:00 AM 2

    BRUSSELS: The euro zone economy grew at 0.4 percent in the second quarter, EU statistics agency Eurostat confirmed on Friday, as business and other investments rose sharply while net trade was negative. Eurostat confirmed its first estimate that the economy of the 19 countries sharing the euro zone increased by 0.4 percent quarter-on-quarter, while revising

  • USAID, IFMP organise workshop

    September 8, 2018 12:00 AM 2

    LAHORE: Twenty four finance industry professionals completed a five-day long training the trainers’ workshop on capital markets and fixed income investment, on Friday, a statement said. The workshop was jointly organised by the United States Agency for International Development's (USAID) Financial Market Development (FMD) Activity in collaboration with the Institute

  • PPL discovers oil in Punjab

    September 8, 2018 12:00 AM 2

    KARACHI: Pakistan Petroleum Limited (PPL), operator of Karsal Block with 100 percent working interest, has made an oil discovery from its exploratory well Talagang X-1, located in Chakwal district, Punjab, a statement said on Friday. Talagang X-1 was spud on May 24, 2018 and drilled down to the depth of 3,675 metres measured depth inside Nammal formation

  • Apple to provide online tool for police to request data

    September 8, 2018 12:00 AM 2

    SAN FRANCISCO: Apple Inc plans to create an online tool for police to formally request data about its users and to assemble a team to train police about what data can and cannot be obtained from the iPhone maker, according to a company letter seen by Reuters. The letter, dated Sept. 4, was from Apple General Counsel Kate Adams to U.S. Sen. Sheldon Whitehouse

  • Home Catalog Shopping hosts third award ceremony

    September 7, 2018 12:00 AM

    KARACHI: Home Catalog Shopping Pvt Ltd. (Best Products) held their “3rd Award Ceremony” to honor their 3 lucky customers from their latest campaign. The winning customer of the Grand Prize of Rs. 25,00,000 was Mr. Muhammad Suleman from Khyber Pukhtunkhwan, Winner of the 1st Prize of Rs. 5,00,000 was Mr. Muhammad Zahid Azmi from Lahore and the winner

  • German industrial orders fall

    September 7, 2018 12:00 AM

    BERLIN: German industrial orders fell unexpectedly in July on weak foreign demand, data showed on Thursday, in a further sign that factories in Europe´s largest economy are feeling the bite of protectionist trade policies. The Federal Statistics Office said contracts for ´Made in Germany´ goods were down by 0.9 percent after a revised plunge of 3.9 percent