Tag archive for ‘business and trade news’
By khabrain On Wednesday, October 14th, 2015

Trade deficit shrinks to USD 5.5b after exports drop 14 percent

Exports, in the first three months of the fiscal year have lowered by at least 14 percent amid prevailing issues of the industries. Statistics show that Pakistan’s exports stand at USD 5.16 billion after a 14 More...

By khabrain On Tuesday, July 21st, 2015

Toshiba chief executive resigns over scandal

Toshiba’s chief executive and president Hisao Tanaka has resigned after the company said it had overstated its profits for the past six years. He will be succeeded by chairman Masashi Muromachi, with vice-chairman More...

By khabrain On Friday, August 15th, 2014

Average US 30-year mortgage rate at 4.12 percent

Rates have fallen even though the Fed has been trimming its monthly bond purchases. WASHINGTON (AP) – Average long-term U.S. mortgage rates declined this week, approaching their lows for the year. Mortgage More...

By khabrain On Wednesday, July 16th, 2014

China’s Xiaomi launches budget smartphones in India

China’s Xiaomi said it intends to invest heavily in India as the budget smartphone maker launched on Tuesday its flagship Mi phone and other products in the world’s third largest smartphone market, currently More...

By khabrain On Monday, July 7th, 2014

After beating Google, Korea’s Naver goes global with messaging app Line

SEOUL: The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the U.S. search engine does not dominate. Now, Lee Hae-jin is stepping onto the More...

By khabrain On Friday, June 27th, 2014

President gives assent to Finance Bill 2014-15

President Mamnoon Hussain has approved the Finance Act 2014-15, which will come into effect from today (Thursday). All the suggestions mooted in the budget are to be implemented from today. The budget proposals More...

By khabrain On Wednesday, June 4th, 2014

Investors hope ‘business friendly’ budget to boost economy

KARACHI/LAHORE: Overseas Investors Chamber of Commerce and Industry (OICCI) has welcomed the measures announced in the federal budget 2014-15 for business community. The Karachi Chamber of Commerce and Industry More...

By khabrain On Tuesday, June 3rd, 2014

Analysts hope no good from federal budget

Common citizens of Pakistan have pinned mountains of hopes on the present budget being presented today by Federal Finance Minister Ishaq Dar; but, the analysts are not pleased with the prevalent situation. The most More...

By khabrain On Saturday, May 31st, 2014

PM directs OGRA not to increase petroleum prices

ISLAMABAD: Prime Minister Nawaz Sharif rejected a summary for increasing prices of petroleum products, saying the government does not want to put burden on the people of the country. The PM directed the Finance More...

By khabrain On Monday, May 26th, 2014

Business aviation picks up

Business aircraft are taking to the skies again as many economies around the world improve, but a surplus of jets delivered just before the recession means the equivalent of 2,750 jets remain parked in hangars. An More...