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Category: Business

Tokyo shares slip as strong Yen hits exporters

TOKYO: Tokyo shares slipped Thursday morning as fading expectations of an imminent Federal Reserve rate hike sparked a yen rally, hitting exporters including Toyota and...

FBR, SECP reluctant to probe offshore investments

ISLAMABAD: Despite the lapse of over four months, the country’s tax machinery is still reluctant to obtain information about Pakistani residents’ investment in...

NA committee clears draft bill prohibiting benami transactions

ISLAMABAD: The National Assembly Standing Committee on Finance on Wednesday approved the draft ‘Benami Transactions (Prohibition) Act 2016’ which aims at punishing...

17 EoIs received for 40pc PSX stake

KARACHI: The Pakistan Stock Exchange (PSX) received a total of 17 Expression of Interests (EOIs) from local and foreign investors for acquisition of 40 per cent...

No NFC meeting held in 16 months

ISLAMABAD: The National Finance Commission (NFC) — a key centre-provincial forum on financial matters — has not formally met for about 16 months against a...

Country’s 1st dirty-cargo terminal to start work this year

KARACHI: The country’s first-ever dirty-cargo terminal would come on line by the end of the year which would help innovate handling of cement, clinker and coal,...

Cisco Systems to lay off about 14,000 employees: CRN

Karachi:Cisco Systems is laying off about 14,000 employees, representing nearly 20 per cent of the network equipment maker’s global workforce, technology news site...

Stock rally runs out of steam on profit-taking

KARACHI: A day after attaining the peak at over 40,000 points, the KSE-100 index could add just 19 points (0.1 per cent) on Wednesday to close at 40,050. Although...

LG’s Effort to Recreate Northern Lights on OLED TVs Resonates with Consumers Worldwide

Islamabad (PR):LG’sLights Out, Stars On campaign in Reykjavik, Iceland around its one-of-a-kind TV technology wrapped up in grand style today with an OLED-themed...

Pakistan planting economic seeds for a brighter tomorrow

ISLAMABAD (DNA) : Pakistan Index has been recently upgraded to MSCI’s emerging market category. The reclassification is expected to change the dynamics of the...