Business

Federal govt borrowed Rs3,373 billion loan in three years

Federal govt borrowed Rs3,373 billion loan in three years

ISLAMABAD (Yes News) – Minister for Finance Senator Mohammad Ishaq Dar in his written reply to a call attention notice informed the Upper House of the Parliament that the federal government borrowed Rs3,373 billion loan in last three years. Debt on each Pakistani soared by Rs16,865. Statistics further stated that Pakistan borrowed Rs550 billion from International […]

Two maritime patrol vessels arrive at Gwadar Port from China

Two maritime patrol vessels arrive at Gwadar Port from China

GWADAR (Yes News) – Two maritime patrol vessels built in China for Pakistan Maritime Security Agency (PMSA) have arrived at Gwadar Port today (Saturdy). The ships have been named as PMSS Hingol and PMSS Basol. Availability of these latest ships to PMSA will further secure the sea against all crimes including terrorism. China and Pakistan […]

506-point rally tosses index to record 49,372

506-point rally tosses index to record 49,372

KARACHI: The bulls were back with a vengeance on Wednesday which saw the benchmark KSE-100 index power past the 49,000-resistance level to gain 506 points (1.04 per cent) and settle at the all-time high 49,372 points. Investors remained positive in index-heavyweights, MCB Bank rose 3.59pc, Fauji Fertiliser 3.63pc, United Bank 2.02pc, Hub Power 2.57pc and […]

Karachi supplied 200MGD unfiltered, unchlorinated water

Karachi supplied 200MGD unfiltered, unchlorinated water

KARACHI: The city receives 200 million gallons of unfiltered water daily. The Karachi Water and Sewerage Board (KWSB) has no functional system either to properly chlorinate drinking water or check the presence of major contaminants in it. Only a handful of the 180 industrial units in the Port Qasim Authority (PQA) jurisdiction have their own […]

Nokia sues Apple for infringing patents

Nokia sues Apple for infringing patents

Nokia Corp said on Wednesday it had filed a number of lawsuits against Apple Inc for violating 32 technology patents, striking back at the iPhone maker’s legal action targeting the one-time cellphone industry leader a day earlier. Nokia’s lawsuits, filed in courts in Dusseldorf, Mannheim and Munich, Germany, and the US District Court for the […]

Bullish trend continues at PSX as 100 index touches 46,540

Bullish trend continues at PSX as 100 index touches 46,540

KARACHI: Pakistan’s KSE-100 Index is once more on a bullish trajectory today (Thursday), continuing upwards from its gain since the past 10 days. The market opened today at 46,185 points, and dipped over 40 points just after 9:30 AM. However, it reversed the losses and shot up to peak at 46,540 points at 11:22 AM. […]

Volkswagen plans 30,000 job cuts worldwide

Volkswagen plans 30,000 job cuts worldwide

Volkswagen has announced plans to cut 30,000 jobs worldwide with about 23,000 of the losses borne in Germany. VW, still dealing with the aftermath of the emissions-cheating scandal, aims to rejuvenate its core brand, and develop new electric and self-driving cars. VW says it will create 9,000 jobs as part of investments in new products. […]

Pak ambassador to UNESCO presents his credentials

Pak ambassador to UNESCO presents his credentials

Paris, August 01, 2016: The ambassador of Pakistan to UNESCO Mr. Moin ul Haque has said that Pakistan places great emphasis on the cause of Education at national level. He said this while presenting his credentials to Ms. Irina Bokova, Director General UNESCO as Permanent Delegate/Ambassador of Pakistan to the prestigious UN organization here this […]

ICIJ admits error, removes name of PM Nawaz Shairf

ICIJ admits error, removes name of PM Nawaz Shairf

Islamabad: April 27, 2016. A Spokesman of the Government of Pakistan has said that the International Consortium of Investigative Journalists (ICIJ) has admitted that it had erroneously included the name of the Prime Minister of Pakistan Muhammad Nawaz Sharif while publishing details of persons who control Off-Shore Companies based on documents leaked from Law Firm […]

Jammu Kashmir Diaspora Chamber of Commerce is calling for international trade

Jammu Kashmir Diaspora Chamber of Commerce is calling for international trade

Manchester (Press Release) A network of leading Kashmiri Diaspora businesses and entrepreneurs of J&K origin and heritage in the United Kingdom is actively working to establish Jammu Kashmir Diaspora Chamber of Commerce. This innovative initiative is supported by Kashmir Development Foundation (KDF) in partnership with Conciliation Resources to enhance business to business interactions and to […]

PRIME MINISTER HOUSE

PRIME MINISTER HOUSE

A high level meeting was chaired by Prime Minister Muhammad Nawaz Sharif to review the prevailing security situation at PM House here today. The meeting was attended by Minister of Interior Ch. Nisar Ali Khan, Federal Minister for Finance Mr. Ishaq Dar, Chief Minister Punjab Muhammad Shehbaz Sharif, Advisor on Foreign Affairs Mr. Sartaj Aziz, […]