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EU seeks rivals’ feedback on Facebook, WhatsApp deal

BRUSSELS: EU antitrust regulators are asking Facebook’s rivals and telecoms operators whether the world No. 1 online social network’s proposed $19 billion bid for mobile messaging startup WhatsApp will lead to price hikes and curb innovation. The move came after … Read More

Several Swiss banks pull out of U.S. tax program: paper

ZURICH: At least 10 Swiss banks have withdrawn from a U.S. program aimed at settling a tax dispute between them and the United States, Swiss newspaper NZZ am Sonntag said on Sunday, quoting unnamed sources. Around 100 Swiss banks came … Read More

WB approves $47.95mn to overcome malnutrition in Sindh, Balochistan

KARACHI: The World Bank (WB) on Friday approved $47.95 million to help Pakistan’s government improve nutrition status of children under two years of age, and of pregnant and lactating women in targeted areas, ARY News has learnt. According to WB … Read More

KSE-100 index gains 1,000 points amid political crisis

KARACHI: The Karachi Stock Exchange (KSE)-100 index on Friday recorded bullish trend at the outset with increase in 1000 points, ARY News reported. The surge in points in KSE-100 index was recorded following the army entered to resolve political crisis … Read More

FBR collects tax of Rs.142bn till August 26

ISLAMABAD: Despite of on-going sit-ins in the federal capital, FBR’s tax collection remained on track, as provisional collection during first 26 days of August stood at Rs 142 billion, ARY News reported. The Federal Board of Revenue (FBR) has collected … Read More

Ishaq Dar chairs ECC meeting

ISLAMABAD: Federal Finance Minister Ishaq Dar reviewed various proposals including plan of giving imported liquefied gas to CNG sector while chairing the meeting of the Economic Coordination Committee (ECC) of the Cabinet on Tuesday, ARY News reported. According to sources, … Read More

Government releases fourth bailout tranche to PSM

ISLAMABAD: Pakistan Steel Mills (PSM) has received the fourth tranche worth Rs. 2.87 billion of its bailout package amounting Rs. 18.5 billion on Monday, ARY News reported. PSM spokesman, Shazim Akhter said salaries to the employees will be paid while … Read More

Burger King in talks to buy Tim Hortons

The deal is not yet complete, and the person could not speak to the possible timing for an agreement to be reached. The person asked not to be identified. Recent The deal is not yet complete, and the person could … Read More

NEPRA to review CCPA’s plea for price hike on Aug 26

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has scheduled a public hearing on August 26 to review Central Power Purchasing Agency’s (CPPA) plea seeking 43 paisa hike in power price on account of fuel price adjustment for the month of … Read More

SBP pursuing IMF conditions: spokesperson

KARACHI: The State Bank of Pakistan on Friday said it was implementing on all directives of the International Monetary Fund (IMF), ARY News reported.

The SBP spokesperson told media persons the IMF had laid out certain conditions to the SBP … Read More