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Category: Business

Cementing ties could beat financial problems

Karachi: After a gap of two years, mergers and acquisition activity looks likely to kick off in the cement sector. Anhui Conch Cement Company Limited—the largest...

Samsung Electronics Now Ranked No. 1 in Enterprise SSD Market

Islamabad (PR):Samsung Electronics, the world leader in advanced memory technology, today announced that it is now the world’s number one supplier of enterprise solid...

Dastgir hints at downward revision in export target

ISLAMABAD: The country has missed the export target for the outgoing fiscal year by a wide margin and is unlikely to come closer to the ambitious export goal of $35...

Alarmed Opec to explore ways of checking downtrend next month

TORONTO: An informal Opec meeting has now been scheduled in Algiers late September, to discuss the alarming market scenario. Is Opec endeavouring to ‘talk the price...

KPT to amend its century-old act

KARACHI: The Karachi Port Trust (KPT) is planning to introduce amendments to its century-old act in an attempt to help the port operate more efficiently and remain...

Strong corporate earnings help PSX reach all-time high of 39,908

KARACHI: Stocks rallied during the outgoing week with the benchmark KSE-100 index peaking at an intra-day high of 40,082 points, crossing the milestone 40,000-mark. The...

UBG of FPCCI lauds Govt’s economic direction

KARACHI(INP) The United Business Group (UBG) of FPCCI on Sunday lauded the economic direction of the government terming it beneficial for the whole population. Provision...

Business groups appeal to China over cybersecurity law

BEIJING: A coalition of 46 business groups from the United States, Europe and Asia has appealed to China to change proposed cybersecurity rules they warn will harm trade...

Xiaomi appreciates PTA move to block Xiaomipk.com

Islamabad:Earlier this month Xiaomi Inc., one of the world’s leading smartphone manufacturers, made headlines for allegedly being ‘banned’ in Pakistan. The news,...

FBR to reconsider valuation rates, claim builders

KARACHI: The Federal Board of Revenue (FBR) is likely to consider revision of valuation rates of a number of properties which are issued higher than the open market...