Faysal Bank brings China Union Pay to Pakistan
SHANGHAI: Faysal Bank Limited recently signed an agreement with China Union Pay for card issuance and acquiring in Pakistan. The signing ceremony took place in Shanghai and was attended by Naved A. Khan, President More...
U.S. Helps Electric Distribution Companies Reduce Losses, Increase Power Supply
Islamabad –All nine of Pakistan’s government-owned Power Distribution Companies (DISCOs) signed agreements today with the U.S. government to collaborate on improving energy supply to consumers. Under this program, More...
US gears up for limited relationship with Pakistan: Report
WASHINGTON – US officials believe the country’s relationship with Pakistan has been seriously damaged and a counter-terrorism alliance can survive only in a limited form, The New York Times reported late Sunday. Citing More...
Saudi Prince Alwaleed buys Twitter stake
DUBAI - Prince Alwaleed bin Talal, the Saudi billionaire and an investor in some of the world’s top companies, has bought a stake in microblogging site Twitter for $300 million, gaining another foothold in More...
OPEC set for consensus over official oil output
Oil prices rebounded on Tuesday from recent sharp losses as investors tracked rising stocks in cautious deals before a US interest rate decision and on the eve of OPEC’s latest production meeting. In midday More...
Hong Kong top location for financial development
Hong Kong has overtaken the United States and Britain to rank top in a World Economic Forum survey on countries’ financial health published on Tuesday. Strong scores in non-banking financial services such More...
KSE bounces back on fresh buying
KARACHI: Stocks bounced back at Karachi Stock Exchange (KSE) to gain nearly 1 percent as bargain hunters accumulated fertiliser shares at attractive prices, dealers said. The Karachi Stock Exchange’s (KSE) More...
Mideast tensions, US jobs data push oil higher
LONDON – Oil prices moved higher Friday aided by rising tensions with Iran and Syria and some promising US jobs figures. New York’s main contract, West Texas Intermediate crude for delivery in January, climbed More...
CSF briefs Key Development Institutions, Think Tanks and Academia on Intergovernmental Finance
Intergovernmental Finance – Exec Summary CSF presents its findings on Intergovernmental Finance Post 18th Amendment and the 7th NFC Award, suggestions made to federal government on asset distribution to the More...
Rupee hits record low at 88.73 to Dollar
KARACHI: The rupee’s slide continued for a third day on Wednesday, with increased import payments, negative sentiment about regional currencies and a bleak outlook for the country’s economy driving it More...