Tag archive for ‘economy news’
By khabrain On Monday, September 11th, 2017

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 More...

By khabrain On Tuesday, September 5th, 2017

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

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

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

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 Wednesday, July 19th, 2017

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

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

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

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...

By khabrain On Friday, June 23rd, 2017

Emirates looking at Saudi Arabia to make up for drop in US demand

PARIS: Emirates, the Middle East’s largest airline, is looking to the region’s biggest economy, Saudi Arabia, to help make up for a drop in demand that has forced it to keep five aircraft grounded. Emirates More...