Bitcoin plunges, recovers after China bans virtual fundraising

BEIJING: China’s decision to clamp down on bitcoin and other crypto-currencies has sent a shock through the world’s virtual currency markets, an indication of the power of the country’s investors in the exchanges. The bitcoin steadied Tuesday internationally after dropping sharply following Beijing’s decision to ban initial coin offerings. The More...

by khabrain | Published 3 months ago
By khabrain On Tuesday, September 5th, 2017
0 Comments

HBL to face penalty worth over Rs66 billion for its operations in New York

NEWS DESK: Habib Bank Ltd (HBL) is likely to face civil monetary penalty of up to Rs67 billion as the US financial regulator has issued the bank notices for its operation in New York. According to a letter written More...

By khabrain On Monday, August 28th, 2017
0 Comments

Dubai to host Zameen.com Pakistan Property Show 2017

LAHORE – Zameen.com is taking Pakistan’s real estate to new heights of premium investment and global visibility aboard the Pakistan Property Show 2017 on October 20-21 in Dubai. Thousands of overseas Pakistanis More...

By khabrain On Wednesday, August 16th, 2017
0 Comments

Flourishing economy: Investors took $2.10 bn abroad in terms of profit

LAHORE – Economic stats continue to flourish with improvement in law and order situation as foreign investors have taken whooping $2.10 billion abroad from Pakistan in terms of profit in the fiscal year (FY) More...

By khabrain On Monday, August 7th, 2017
0 Comments

Pakistan, Iran agree to boost cooperation

TEHRAN: Pakistan and Iran have agreed to further strengthen parliamentary relations and raise bilateral trade volume to five billion dollars. Understanding to this effect was reached during a meeting between Chairman More...

By khabrain On Tuesday, July 25th, 2017
0 Comments

Power tariff for June reduced by Rs2.23 per unit

ISLAMABAD – The National Electric Power Regulatory Authority (NEPRA) has approved a cut in power tariff for the billing period of June amounting to Rs 2.23 per unit following a reduction in furnace oil price. The More...

By khabrain On Wednesday, July 19th, 2017
0 Comments

Honda recalls 1.2 million cars, citing faulty battery sensors

NEW YORK: Honda announced Thursday a recall of 1.2 million cars sold in the United States, following four engine compartment fires linked to faulty battery sensors. The Japanese auto giant said the recall affects More...

By khabrain On Wednesday, July 12th, 2017
0 Comments

One Belt, One Road’ brings new opportunities for former Silk Road city of Jiayuguan

As China’s ambitious “One Belt, One Road” transnational economic initiative starts to gain steam, the city of Jiayuguan in western Gansu province is making its pitch to attract investors. With a slick video More...

By khabrain On Thursday, July 6th, 2017
0 Comments

Govt cuts petrol price by Rs. 1.50 per litre

ISLAMABAD: Federal government has revised the prices of the petreolum products for the next month. Briefing media in Islamabad on Friday, Finance Minister Ishaq Dar said that the price of Petrol and High speed diesel More...

By khabrain On Saturday, July 1st, 2017
0 Comments

Uber CEO steps down following months’ long investigation into workplace practices

Uber Technologies Inc cofounder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors, a company spokesperson said on Wednesday, reported Reuters. Kalanick’s More...