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Huawei moving on 5G while politics plays out

San Francisco Major state telecom operators are rolling out 5G wireless advances in China as the country races to close a technology gap with the…

Rules notified for rehabilitation of sick companies

Islamabad The Securities and Exchange Commission of Pakistan (SECP) with the approval of the federal government has notified the Corporate Restructuring Companies Rules, 2019. The…

LPG, oil rates hike to cause Rs700m additional burden to consumers in Nov

Lahore The Pakistan Industrial and Traders Associations Front (PIAF) has condemned the government for increasing prices of three major petroleum products, particularly the rates of…

Cement industry profitability declines by up to 80pc

Lahore The overall profitability of cement industry has dropped enormously by up to 80 percent during the FY19 as compared to the previous year mainly…

Govt releases Rs257.167b for development projects

Islamabad The Ministry of Planning Development and Reforms has so fare given authorization for the release of Rs257.167 billion including Rs53.62 billion foreign aid for…

RCCI welcomes Chinese statement on FATF

Rawalpindi The Rawalpindi Chamber of Commerce and Industry (RCCI) has welcomed the Chinese statement on Financial Action Task Force (FATF) where China has categorically announced…

KP govt allocates Rs 50b for construction of watercourses

Peshawar The Khyber Pakhtunkhwa government has allocated fifty billion rupees for construction of watercourses in different areas across the province. The allocated amount will be…

US adds 128,000 jobs in Oct amid GM strike

Washington The US labor market took a hit in October from an extended strike at General Motors but the economy kept adding jobs at a…

Pak-China see bright prospects deepening ties in banking sector

Observer Report Beijing Pakistan and China see bright prospects strengthening their bilateral ties in the financial and banking sectors, with the smooth functioning of the…

Lebanon’s banks see no ‘extraordinary movement’ of money

Beirut Lebanon’s banks did not see “any extraordinary movement” of money on Friday or Saturday, the first two days they reopened to the public after…

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