Friday, December 14, 2018

Govt releases Rs 151.17b for development projects

ISLAMABAD: The government has released Rs 151.17 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and new schemes against the...

BlackBerry to buy cybersecurity firm Cylance for $1.4 billion

TORONTO: BlackBerry Ltd raised its bets on artificial intelligence and cybersecurity with the $1.4 billion purchase of California-based machine-learning specialists Cylance. The Canadian technology company,...

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...

Atatürk & U-turn

Muhammad Ali Siddiqi Mustafa Kemal Atatürk died 80 years ago this month — a month that sees Pakistan caught in a mercifully less acerbic controversy...

Parliament’s first 100 days

Ahmed Bilal Mehboob Although parliament did not figure prominently in Imran Khan’s ‘first 100 days’ agenda —now, appropriately, the Prime Minister’s 100 Days Agenda —...

Bank of Italy sounds alarm over stability of banks and insurers

MILAN: Italy's central bank has sounded the alarm over the country's rising bond yields, warning that they are set to cost the nation billions...

IMF faces dilemma of China debt as nations seek help

WASHINGTON: The IMF has warned for more than a year of rising debt levels in low income countries. Now, bailout talks with Pakistan and...

SBP launches crackdown against criminal activities

KARACHI: The State Bank of Pakistan (SBP) has begun a crackdown against criminals working in the formal payment system at financial institutions including conventional and...

UBL to shut down its New York branch

Karachi: The United Bank Ltd (UBL) has announced its plans to wrap up its operations in New York, saying the decision has been taken...

Bank of Japan keeps inflation as its main policy priority

TOKYO: Japan’s long run of extreme monetary stimulus has drawn increasing criticism over the impact it’s had on small banks, but despite the grumbling,...

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