PSX rebounds amid record foreign investment in T-BillsBy: Equities Correspondent on January 18, 2020Pakistan Stock exchange ended the week on a positive note as index rebounded to edge higher closing at 43,167-mark. The market was lifted up by positive sentiments as total foreign investment in debt securities climbs to $2.257 billion after T-bills worth $536 million were bought by foreign investors during the latest auction. The latest auction […]
Private sector can fight poverty through community development: Ahmed ChinoyBy: Staff Report on January 18, 2020Private sector of Pakistan has a lot of potential to play its due role for well-being of the society. If encouraged and facilitated, the large businesses and the private sector has the potential and willingness to fight poverty significantly through different community development ventures including in health, education. Renowned Business Leader, Philanthropist and Former Chief […]
Global economy anaemic and incomes likely to suffer, UN saysBy: Agencies on January 18, 2020People in a number of countries, mostly in Latin America and sub-Saharan Africa, will see their incomes stagnate or decline this year, the United Nations said on Thursday. A decade after the financial crisis, the global economy remains sluggish, and trade and geopolitical tensions could further derail recovery, the U.N. said. The world economy expanded […]
Oil steady as sluggish China growth offsets trade deal optimismBy: Agencies on January 18, 2020Oil prices were steady on Friday as reports of sluggish economic growth in China, the world’s biggest crude importer, raised concerns about future fuel demand and countered optimism from the signing of the Sino-US trade deal earlier in the week. In the fourth quarter of 2019, the world’s second-largest economy increased by an expected 6% […]
Dr Sania visits field offices to ensure implementation of EhsaasBy: News Desk on January 17, 2020Special Assistant to Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar visited Choa Saiden Sahah and Kallar Kahar areas in Chakwal along with with Secretary, Poverty Alleviation and Social Safety Division and senior officials from NADRA to review the quality of services and facilities being established by NADRA at the special purpose […]
Kashan Hasan takes over as Reckitt Benckiser CEOBy: Press Release on January 17, 2020Reckitt Benckiser (RB), a global leader in consumer health and hygiene, has appointed Kashan Hasan as the new chief executive officer (CEO) for its Pakistan business. Kashan will be spearheading the health business with immediate effect. Kashan has been associated with RB for the last 12 years, serving in various successful leadership roles across the […]
Shan Foods distributes 20,000 eco-friendly bagsBy: Press Release on January 17, 2020Shan Foods has furthered its commitment for a cleaner, greener Pakistan by joining the fight against plastic pollution. Understanding the negative impact plastic waste has on our environment Shan Foods has donated more than nineteen thousand eco-friendly bags to Naheed Supermarket, as an alternative to conventional plastic bags. The bags are available for customers free […]
FBR hails services of retiring memberBy: News Desk on January 17, 2020The Federal Board of Revenue (FBR) has acknowledged and appreciated the services of retiring Member Legal and Accounting Customs Fazal Yazdani Khan. All the members of FBR attended the board meeting and paid tribute to the services of retiring officer. Acting Chairperson FBR Nausheen Javed Amjad presented a shield to Mr. Fazal Yazdani Khan.
NHF holds election for directorsBy: News Desk on January 17, 2020In order to elect Four Directors of National Highway Foundation (NHF), a body established for welfare of employees of National Highway Authority, polling was held at NHA head office and all regional offices as well. All permanent members of NHF cast their votes. Total 30 candidates contested. As per initial results, Tanveer Raza, Malik Aamir, […]
Toyota investing $400 million in flying car companyBy: Agencies on January 17, 2020Japanese car giant Toyota said Thursday it is investing nearly $400 million in a company working on commercialising electric flying cars for “fast, quiet and affordable air transportation services”. The investment in Joby Aviation comes as the automaker looks to expand into new sectors as the industry rapidly transforms, with president Akio Toyoda pledging to […]