Wednesday, December 2, 2020

Gul Ahmed profits rise over 100pc in 1st Quarter

Gul Ahmed Textile Mills Limited (GATM) had a stellar year after the company recorded an exponential rise in net profits during the first quarter...

Most Gulf markets fall, UAE index up

DUBAI: The stock markets in the United Arab Emirates (UAE) closed higher, boosted by real estate and banking shares, defying the fall in other...

Pakistan’s remittances continues strong trend, remain over $2bn in Sept

The trend of strong workers' remittances continues in September as they remained above $2 billion for the fourth consecutive month. They increased to $2.3 billion,...

BB Energy completes investment in Pakistan’s Euro Oil

BB Energy, one of the world's leading independent energy trading companies downstream division has completed its investment in Pakistan-based trading company Euro Oil. “The investment...

Tech shares lead as Wall Street monitors stimulus talks

NEW YORK: Technology shares led US stocks higher Thursday as markets weighed mixed economic data and the odds of a last-ditch effort in Washington...

SBP introduces modification in cloud-based outsourcing arrangements for FIs

In order to enhance scope of outsourcing to Cloud Service Providers (CSPs) for Banks/DFIs/Microfinance Banks, the State Bank of Pakistan has made further modifications...

$65 billion cash mystery puzzles Britain’s audit office

LONDON: As cash declines in day-to-day transactions, Britain’s National Audit Office has uncovered a mystery: the number of pound notes in circulation has soared,...

SoftBank Group to sell U.S. cellphone distributor Brightstar in latest asset sale

TOKYO: SoftBank Group Corp said on Friday it would sell U.S. cellphone distributor Brightstar Global Group for an undisclosed price, marking the latest asset...

CDA, S&T ministry sign MoU to operate electric buses in Islamabad

The Ministry of Science and Technology has signed a memorandum of understanding (MoU) with the Capital Development Authority (CDA) to launch the electric bus...

Asian stocks head higher on China data, markets eye Fed meeting

SINGAPORE: Asian equities extended gains on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines. Chinese blue...

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