Friday , 19 January 2018
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China, India eye Asian Century as Brexit rattles old order

China, India eye Asian Century as Brexit rattles old order

By 2050, Asia will account for over half the world’s GDP, almost double that of 2011, according to the Asian Development Bank, with three billion newly affluent citizens. The EU and other powerful collectives such as the United Nations, NATO, IMF and World Bank hark back to the post-World War II era, with a vision of cooperation leading to peace, ... Read More »

Railways’ Karachi Division earns 29% additional revenue

Railways’ Karachi Division earns 29% additional revenue

This has been revealed by the Division Commercial Officer (DCO) Karachi, Nasir Nazeer. According to Nazeer, General Manager Pakistan Railways, Javed Anwar, had appreciated the staff who are also likely to get cash incentives in return for performing exceptionally well in the year 2015-16. He also pointed out that the revenue target for Railways’ Karachi Division during the fiscal year ... Read More »

POL prices to remain unchanged for July

POL prices to remain unchanged for July

“In line with Prime Minister’s policy of providing maximum relief to the public, it has been decided to maintain the prices of petrol, High Octane Blended Component (HOBC), high-speed diesel (HSD) and kerosene,” announced the Finance Minister, Senator Ishaq Dar. However, the price of light-speed diesel (LSD) has gone up by Rs5.38 per litre to Rs 43.35 from Rs 37.97 ... Read More »

Google’s Madrid offices raided in tax probe: internal source

Google’s Madrid offices raided in tax probe: internal source

The US firm is one of several multinational corporations that have come under fire in Europe for paying extremely low taxes by shifting revenue across borders in an often complex web of financial arrangements. “We obey Spain’s tax legislation as we do in every country that we operate in,” the company said in an official statement in reaction to the ... Read More »

Allied Bank and Mobilink Partner to Promote Financial Inclusion and Domestic Remittance

Jazz

Mobilink’s JazzCash will enable ABL and its customers for Domestic Remittance Services Lahore, 29 June 2016: Allied Bank, the fourth largest private sector commercial bank in Pakistan with a branch network of over 1,050 branches and Mobilink, the nation’s largest Mobile Network Operator with over 35M subscribers have announced a partnership to promote financial inclusion through enabling of JazzCash domestic ... Read More »

Petroleum prices likely to go up ahead of Eid

Petroleum prices likely to go up ahead of Eid

The Oil and Gas Regulatory Authority (OGRA) has recommended the price hike and sent a report to the Ministry of Petroleum and Natural Resources and is awaiting the Prime Minister’s approval. The decision comes ahead of Eid-ul-Fitr which for which the government has announced a four-day holiday from July 5-8.  This can cause a unforeseen rise in prices and transportation as people ... Read More »

Dubai awards Alstom-led consortium $2.88 bn metro contract

Dubai awards Alstom-led consortium $2.88 bn metro contract

The consortium, led by France’s Alstom Conglomerate and also including Spain’s Acciona and Turkey’s Gulermak, will construct a 15 kilometre (nine mile) extension to the site of the fair, a statement said. Alstom will supply 50 trains, 15 of them for the new extension and 35 to upgrade existing services, the statement said. Ten international consortiums bid for the project, ... Read More »

Oil prices rise as Brexit concerns ease

Oil prices rise as Brexit concerns ease

While tremors from Britain’s shock vote last week to leave the European Union dampened buying sentiment, oil investors are now looking more to factors specific to their market for guidance, they said. Top of the list is a looming strike in Norway’s oil industry, which could affect just under 20 percent of the Scandinavian country’s oil production. “Today’s price rise ... Read More »

Rolls-Royce says ‘remains committed’ to Britain

Britons voted on June 23 in favour of quitting the European Union following a bitterly-fought referendum campaign, sending shockwaves through world financial markets. “Although this is not the outcome the company would have chosen, Rolls-Royce remains committed to the United Kingdom,” read a statement from the firm that employs more than 23,000 staff in Britain. “The UK’s decision will have ... Read More »