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NPLs reduce by Rs.7.29bn during Q2

ISLAMABAD: The non-performing loans (NPLs) of Pakistan has recorded the reduction of Rs. 7.29 billion during the second quarter (Q2) of current year, ARY News reported. The bank in Q2 2014 recorded after tax profit of Rs. 5 billion which … Read More

KSE-100 index crosses 29,000 points again

KARACHI: The Karachi Stock Exchange recorded an upward trend and crossed 29,000 points on KSE-100 index on Thursday, ARY News reported. The go-ahead from the Pakistan Awami Tehreek (PAT) and Pakistan Tehreek-e-Insaf (PTI) for dialogues with the government proved productive … Read More

Infineon nears $2 billion U.S. semiconductor deal : Bloomberg

FRANKFURT: Germany’s Infineon (IFXGn.DE) is nearing a deal to buy a U.S.-based semiconductor company for about $2 billion, Bloomberg reported on Wednesday, citing people familiar with the matter. A deal could be announced later on Wednesday, Bloomberg said, without saying … Read More

KSE 100-Index falls by 222pts

KARACHI: Besides government, Karachi Stock Exchange and local currency have facing the pressure of political uncertainty as both witnessing downturn, ARY News reported. The benchmark KSE 100-Index declined by 222.03 points to 28630.12 points on Tuesday.

High and Low were … Read More

BlackBerry creates new unit for potential high-growth assets

TORONTO: BlackBerry Ltd said on Monday it has created a new unit to house what many consider to be among its most promising assets – cryptographic applications, its QNX embedded software and Project Ion platform for connecting devices. The Canadian … Read More

SECP registers criminal proceedings against a brokerage firm

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against the brokerage company registered in Lahore Stock Market under Section 38 of SECP Act, 1997 and Section 29 of the Central Depository Act, 1997, ARY … Read More

Samsung extends deal as Olympics top sponsor to 2020

BERLIN: South Korea’s Samsung has extended its top sponsorship contract as an Olympics worldwide partner to 2020, the International Olympic Committee (IOC) said on Sunday.

Samsung, who first signed up as a top sponsor with the IOC in 1998 and … Read More

Google buys city-guide app maker

“We’ll be removing Jetpac’s apps from the App Store in the coming days, and ending support for them on 9/15,” stated a posting on JetPac’s homepage. ( San Francisco-based JetPac “We’ll be removing Jetpac’s apps from the App Store in … Read More

KSE 100-index gains 300 points after political certainty

KARACHI: The Karachi Stock Exchange 100-index gained on Friday 300 points after a brief bearish trend due to political uncertainty, ARY News reported. The KSE 100-index added 300 points with buying of shares by financial institutions when it opened after … Read More

Samsung buys home-automation startup SmartThings

SAN FRANCISCO: Samsung Electronics Co Ltd will buy SmartThings, a startup backed by PayPal co-founder Max Levchin that helps connect household devices, one of its largest U.S.-startup acquisitions to date. The South Korean electronics maker joins fellow technology heavyweights Apple … Read More