Business

Our Special Correspondent Karachi: The launching ceremony of AAOIFI Urdu Version of Shariah Standards was held the other day at Marriot Hotel, Karachi. The highlight of the event was the Speech by the Governor, of the State Bank of Pakistan (SBP) Tariq Bajwa. Chairman Accounting and Auditing Shaikh Ebrahim Bin Khalifa Al Khalifa and…

M J Hayat LAHORE: The Federal Board of Revenue (FBR) has failed to implement Federal Service Tribunal (FST) decision for granting departmental seniority to…

ISLAMABAD: The time limit for achieving the financial close of two major power projects for Chinese investors has been extended by the government on Tuesday.…

SINGAPORE: Oil prices climbed by around 1 percent on Wednesday amid a stock market rebound and on expectations that an OPEC-led output cut for 2019 would stabilise the supply-demand balance. Disruptions to Libyan crude exports after local militia seized the country’s biggest oilfield, El Sharara, were also buoying prices, traders…

TOKYO: The dollar held near a one-month high against its peers on Wednesday, supported by a rebound in U.S. government bond yields and weakness of the pound as…

ISLAMABAD: Minister for Power Omar Ayub Khan apprised the National Assembly that a renewable energy policy is being devised to take full advantage of this…

SINGAPORE: Foreigners were net buyers of Asian bonds in November as concerns over Sino-U.S. trade war and higher U.S. yields abated, bolstering capital inflows into the region. Data from central banks and bond market associations showed overseas investors bought a net $2.67 billion in Indonesian, Thai, South Korean, Indian and Malaysian bonds in…

GENEVA: Global airlines will see profit growth resume next year as strong demand offsets cost pressures that trimmed profitability in 2018, the International…

LAHORE:A syndicate led by Chinese state-backed e-Hualu Information Technology has clinched an $83.6 million bid to make a rapid bus transit system in Pakistan.…

KARACHI: Pakistan International Bulk Terminal Limited (PIBTL) in collaboration with JS Petroleum is set to establish an LPG import facility at Port Qasim, Karachi. Pakistan has initiated the mechanism for expanding infrastructure for global trade since it has started setting up terminals for oil, gas imports and developing a secondary ship…