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February 11, 2018 12:00 AM Barclays to join credit card ban

LONDON: Barclays is likely to follow other major lenders in the United States in stopping customers from buying Bitcoin and other cryptocurrencies with its credit cards, according to an interview with a senior executive at its credit card unit. “We are making the decision that we will likely no[t] allow cryptocurrency purchases on the card,” Paul Wilmore

February 7, 2018 12:00 AM Distributors demand removal of duty on LPG

ISLAMABAD: All Pakistan LPG Distributors Association (LPGDA) Chairman Irfan Khokhar on Tuesday asked for the withdrawal of 5.5 percent advance tax and regulatory duty on import of Liquefied Petroleum Gas to ensure smooth supply at affordable rates across the country. “I fear a LPG crisis in the coming days, if concerns of LPG importers regarding advance 3

February 7, 2018 12:00 AM Byco brings five-time raise in gasoline production

KARACHI: Byco Petroleum Pakistan brought its gasoline output up five times to 1,500 tons/day as the company’s second unit started production. “At the current level of crude processing at the Byco oil refining complexes I and II i.e. 75,000 barrels/day, the cumulative motor gasoline production has increased five times from 300 tons/day to 1,500 tons/day 5

January 28, 2018 12:00 AM Serena ‘so proud’ of friend Wozniacki

MELBOURNE: Serena Williams says she is “so proud” of her long-time friend Caroline Wozniacki after the Dane succeeded her to become the Australian Open champion on Saturday. Williams, who has not played a competitive match since capturing the title at Melbourne Park exactly a year ago, was too on edge to watch. “I got too nervous to watch but woke up to CaroWozniacki 3

January 20, 2018 1:27 PM We won’t let Balochistan people suffer any more: Bilawal

HUB: Chairman Pakistan People’s Party (PPP) Bilawal Bhutto Zardari said that his party has always served the people of Pakistan, including Balochistan. He was addressing at a public meeting in Hub on Saturday along with the party’s co-chairman Asif Ali Zardari. Bilawal said that PPP had performed various jobs in Balochistan for the betterment of the people 5

January 12, 2018 12:00 AM French credit growth worries ECB

Frankfurt: Members of the European Central Bank´s governing council are concerned that rising private-sector borrowing in France could threaten financial stability, minutes from a December meeting published Thursday showed. "It was remarked that loan growth in the euro area´s second largest economy had seen rather buoyant expansion," according to the minutes 10

January 3, 2018 12:00 AM JCR-VIS reaffirms Matco Foods ratings

KARACHI: JCR-VIS Credit Rating Agency has reaffirmed the entity ratings of Matco Foods Limited (MFL) at single A-minus / A-two with stable outlook, a statement said on Tuesday. Current ratings reflected MFL’s adequate liquidity profile and capitalisation levels. The rating incorporated MFL’s position as one of the leading rice exporters in the country 3

December 22, 2017 12:00 AM El Shorbagy, Zahed thru in contrasting fashion

ISLAMABAD: While there seems no stopping Marwan El Shorbagy in a quest to add another feather in his cap, Malaysian world junior champion Eain Yow Ng gave a good account of himself before bowing out in four games against Zahed Mohamed (Egy) as semifinals line-up in the Pakistan Open Squash was decided at the Mushaf Ali Mir Complex Thursday. World No 24 Zahed

December 22, 2017 12:00 AM Russia-Turkey S-400 missile deal

MOSCOW: Russia said Thursday that it had completed negotiations with Turkey for the sale of an S-400 air defence missile system, with delivery scheduled for late 2019. “Practically speaking, the contract is entering the phase of realisation,” said Vladimir Kozhin, a presidential aide who oversees matters of military cooperation. “All parameters, all technologies 1

December 16, 2017 2:10 AM Pakistan-born woman tried to use bitcoin to aid IS, say prosecutors

NEW YORK: A suburban New York hospital technician accused of using bitcoin and other cryptocurrencies to launder money meant for the militant Islamic State (IS) group was arrested on charges of money laundering in support of a foreign terrorist organisation and bank fraud, prosecutors said on Thursday. Federal prosecutors in New York’s Suffolk County 5