Business

The Pakistani rupee continued to lose ground against US dollar and plunged to an all-time low against the greenback in the interbank market. According to forex dealers, the exchange rate remained under pressure as the US dollar continued its upward spiral against the local currency and gained 80 paisa in …

ISLAMABAD – Aziz Boolani, Chief Executive Officer Serena Hotels South & Central Asia, has announced the appointment of Otto Kurzendorfer as the General Manager of Islamabad Serena Hotel. Otto Kurzendorfer, a German national, brings over 30 years of international hotel experience to the hotel. Prior to joining Islamabad Serena Hotel, …

DAVOS (Switzerland), May 25 : Foreign Minister Bilawal Bhutto Zardari and his Saudi counterpart Prince Faisal bin Farhan Al Saud on Wednesday expressed the resolve to deepen mutual cooperation in all fields including economy, trade and investment as well as at multilateral fora. In a meeting held on the sidelines …

ISLAMABAD, May 24 :The Acting Governor State Bank of Pakistan (SBP) Dr. Murtaza Syed inaugurated Meezan Roshan Digital Centre, built purposefully for catering the needs of Roshan Digital Account’s (RDA) customers. Chairman Meezan Bank’s Board Riyadh S.A.A. Edrees, Meezan Bank’s Founding President & CEO Irfan Siddiqui and the Bank’s senior …

Seoul, May 24 : Samsung Group on Tuesday unveiled a massive $356 billion investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics. The new figure is an increase of more than a third over its earlier …

BEIJING, May 23 :In a study published in the journal Frontiers in Psychology on 20 May, Chinese and Pakistani scholars proposed to set up a CPEC-related digital transformation center. Researchers from Xian Jiao Tong University, Xi’an, China, University of Peshawar, Peshawar, Pakistan, Islamia College University, Peshawar, Pakistan, and Chinese University …

The State Bank of Pakistan (SBP) on Monday raised the benchmark policy rate by 150 basis points (bps) to 13.75% for the next six weeks to maintain the balance between inflation and economic growth. The central bank believes that this “effective action” was important to anchor inflation expectations and maintain …

BEIJING, May 22 : The first consignment of Pakistani mangoes of present season will be transported by air cargo service in Kunming, capital city of China’s South-Western Yunnan province. The shipment comprising 3-4 tons of “Sindhri” variety of mangoes is likely to arrive on May 28 as per the tentative …

The customer called police after being charged €2 (£1.70) for his coffee – a decaffeinated one, at that – at Ditta Artigianale in the centre of the Tuscan city. The man complained that the price was not displayed on a menu behind the counter. It was this error that landed …

Chief Minister Punjab Hamza Shahbaz has announced relief for the people of the province and reduced price of 10 kg flour bag from Rs.650 to Rs.490. Talking to a presser in Lahore, CM Hamza said that people will not have to stand in queues for flour in Punjab. While attacking …