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7 million drones to fly in US skies by 2020: FFA  Foreign

7 million drones to fly in US skies by 2020: FFA Foreign

An estimated seven million drones will fly in US skies by 2020, nearly tripling the number expected to be in circulation by the end of the year, the Federal Aviation… Read more »

Govt starts working on creating new ‘premier airline’

Govt starts working on creating new ‘premier airline’

The government is yet to receive its controversial bill adopted by the parliament for privatising the Pakistan International Airline (PIA), however, it has already started working on setting up a… Read more »

Amnesty scheme: Out of 2.8m traders, only 3,205 pay tax

Amnesty scheme: Out of 2.8m traders, only 3,205 pay tax

Major tax evaders – the traders who happen to be traditional voters of the ruling party – are not ready to come into the tax net, as only 3,205 people… Read more »

State Life likely to turn into a company on World Bank’s pressure

State Life likely to turn into a company on World Bank’s pressure

The government is likely to promulgate a presidential ordinance instead of tabling a bill in parliament to convert State Life Insurance Corporation (SLIC) into a company on the World Bank’s… Read more »

BlackBerry quits Pakistan over government surveillance demands

BlackBerry quits Pakistan over government surveillance demands

BlackBerry has decided not to operate in Pakistan after Nov. 30, rather than let the local government intercept communications on its enterprise services, the company said Monday. The Pakistani government… Read more »

Don’t increase taxes ­ not on us

Don’t increase taxes ­ not on us

Business Community warns against any further increase in taxes Local business community in a meeting at the Islamabad Chamber of Commerce and Industry (ICCI) cautioned the government on Wednesday to… Read more »

Islamabad Chamber: People’s interest in US dollar dangerous

Islamabad Chamber: People’s interest in US dollar dangerous

The Islamabad Chamber of Commerce and Industry (ICCI) has expressed concern over renewed interest of people and business community in the US currency, which could result in dollarisation of the… Read more »

IMF didn’t suggest devaluation of Pakistani currency; circular debt goes up to Rs661bn: Herald Finger

IMF didn’t suggest devaluation of Pakistani currency; circular debt goes up to Rs661bn: Herald Finger

International Monetary Fund (IMF) has rejected the rumors circulating in Pakistani media that IMF has suggested devaluation in the value of Pakistani currency. IMF’s Head of Mission Herald Finger said… Read more »

NEPRA cuts power tariff by Rs 2.88 per unit for September

NEPRA cuts power tariff by Rs 2.88 per unit for September

The National Electric Power Regulatory Authority (NEPRA) on Thursday approved a cut of Rs 2.88 per unit price of electricity. The power purchasing company told the authorities during hearing in… Read more »

Nandipur power plant restarted on test basis

Nandipur power plant restarted on test basis

The ministry of water and power on Thursday said that the Nandipur power plant had been started on test basis. The ministry said that the plant would be made completely… Read more »

Pakistan’s GDP to grow by 4.5% in current fiscal year, WB forecasts

Pakistan’s GDP to grow by 4.5% in current fiscal year, WB forecasts

Report says GDP growth of Pakistan is much lesser than its neighbouring countries like India 7.3 per cent, Bangladesh 6.5 per cent and Sri Lanka 5.6 per cent Pakistan’s Gross… Read more »

Asia stocks, commodities slide on disappointing China PMI

Asia stocks, commodities slide on disappointing China PMI

HONG KONG (Reuters) - Asian stocks looked set for their biggest single-day fall in a month on Wednesday after factory activity in China shrank more than expected, adding to fears of a… Read more »

Aussie dollar slides after China PMI, eyes on ECB’s Draghi

Aussie dollar slides after China PMI, eyes on ECB’s Draghi

LONDON (Reuters) – The Australian and New Zealand dollars sank on Wednesday after a business survey dealt another blow to investors  already fragile confidence in China, the chief driver of… Read more »

PARC & PCRWR ink MoU to cultivate olive in Balochistan & Cholistan on large scale

PARC & PCRWR ink MoU to cultivate olive in Balochistan & Cholistan on large scale

PARC and PCRWR hae inked MoU to cultivate olive at large scale in Cholistan and Balochistan. PARC will provide technical assistance and plants to PCRWR and the department will place… Read more »

Apple presses deeper with new iPhones and more

Apple presses deeper with new iPhones and more

Apple is bolstering its money-pumping iPhone line while looking to dive deep into businesses with iPads and dominate living rooms with Apple TV hardware tuned to app-loving lifestyles. Tricked-out new… Read more »

Greek privatisations will go ahead: outgoing economy minister

Greek privatisations will go ahead: outgoing economy minister

Athens (AFP) – A major sell-off of Greek public assets promised as part of its huge international bailout will go ahead as planned, the outgoing economy minister said Wednesday, despite… Read more »

Indonesia raises cattle imports as beef prices soar

Indonesia raises cattle imports as beef prices soar

JAKARTA (AFP) – Indonesia will issue permits to import another 50,000 cattle, the government said, after beef prices soared and butchers went on strike following a decision to dramatically reduce… Read more »

China’s devaluation raises currency war fear as Greece strikes deal

China’s devaluation raises currency war fear as Greece strikes deal

LONDON (Reuters) – China s shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as… Read more »

Dollar trading at two-month yen high

Dollar trading at two-month yen high

TOKYO (AFP) – The dollar was near a two-month high against the yen on Thursday as traders increasingly bet that the Federal Reserve will hike interest rates as early as… Read more »

Dollar drops after feeble US wage growth data

Dollar drops after feeble US wage growth data

NEW YORK (AFP) – The dollar fell against other major currencies Friday after an extremely weak report on US worker pay raised questions about Federal Reserve plans to raise near-zero… Read more »

Oil prices tank as OPEC heightens oversupply worries

Oil prices tank as OPEC heightens oversupply worries

NEW YORK (AFP) – Oil prices plummeted Friday as traders digested the latest OPEC signal that crude production would not be cut despite global oversupply and falling prices. US benchmark… Read more »

Oil prices mixed in Asia

Oil prices mixed in Asia

SINGAPORE (AFP) – Oil prices turned mixed in Asia Thursday with a strong dollar limiting gains fuelled by a decline in US crude inventories, analysts said. US benchmark West Texas… Read more »

PTA orders shutdown of Blackberry services from November 30

PTA orders shutdown of Blackberry services from November 30

ISLAMABAD:– Pakistan Telecommunication Authority (PTA) has on Friday ordered all the mobile phone operators in a letter to shutdown the Blackberry services from November 30, reported Dunya News. According to… Read more »

Dollar firms after weak China, Eurozone data

Dollar firms after weak China, Eurozone data

NEW YORK (AFP) – The dollar was stronger Friday as unexpected weak data on Chinese manufacturing shook markets and Eurozone private sector business activity slowed in July. Data showed China s… Read more »

Air France-KLM announces first half losses, additional cost-cutting

Air France-KLM announces first half losses, additional cost-cutting

PARIS (AFP) – Air France-KLM said Friday it would add a further 300 million euros ($330 million) to a previously announced 1.5-billion-euro cost-cutting programme as it revealed first-half losses of… Read more »