Friday, April 19, 2019

Google’s solution for African internet: Balloons

SAN FRANCISCO: Bringing fast, widespread internet to rural Africa has proven vexing for companies that have tried—and largely failed—with strategies ranging from drones to...

World unprepared for slowdown, says IMF

WASHINGTON: The leaders of the world’s largest countries are dangerously unprepared for the consequences of a serious global slowdown, a senior executive at the...

SBP reserves fall to almost 5-year low

KARACHI: Reserves held by the State Bank of Pakistan (SBP) dropped by $148 million during the week ended on Jan 11 on account of...

Fitch upgrades Indonesian state-owned banks

Jakarta: Fitch Ratings has upgraded the Viability Rating (VR) of Indonesian state-owned bank, PT Bank Rakyat Indonesia (Persero) Tbk (BRI), to ‘bbb-‘ from ‘bb+’....

British Airways to resume flights to Pakistan after 10 years

ISLAMABAD: The British Airways on Tuesday announced to resume flight operations to Pakistan after as many as 10 years. The announcement was made by...

State Bank of Pakistan raises policy rate to 10.25pc

KARACHI: State Bank of Pakistan (SBP) Governor Tariq Bajwa on Thursday announced a 25 basis point increase in the policy rate, bringing it to...

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