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Business

Bill Gates announces aid bump for Pakistan

By Ikram Junaidi ISLAMABAD: Days after the Trump administration announced it was suspending security assistance to the country, a billionaire philanthropist has committed that his Bill and Melinda Gates Foundation will increase financial aid for Pakistan. In a letter to Minister for National Health Services (NHS) Saira Afzal Tarar, Mr …

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Strategic assets: Govt plans to sell off PIA before 2018 elections

ISLAMABAD: The federal government will try to privatise the Pakistan International Airlines (PIA) before general elections due this year, privatisation minister Daniyal Aziz said, as the ruling Pakistan Mulsim League-Nawaz (PML-N) seeks to restart sales of state-run businesses. Haemorrhaging money and losing market share to Gulf-based rivals such as Etihad …

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Oil price hits highest since May 2015 above $68 on tighter market

LONDON: Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations US crude inventories fell for an eighth week. The Organization of the Petroleum Exporting Countries and allies including Russia are keeping supply limits in place in 2018, …

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China welcomes use of Yuan for bilateral trade, investment activities in Pakistan

BEIJING: China Thursday welcomed the State Bank of Pakistan for allowing use of the Chinese Yuan for bilateral trade and investment activities and said it would create a sound financial environment for bilateral economic, trade and investment cooperation between the two countries. “We welcome this move and we believe it …

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New Year gift for Pakistani people: Govt raises oil prices by upto Rs.6.79

ISLAMABAD: On the New Year eve, the government dropped ‘petrol bomb’ on masses, raising petroleum prices for the next month by upto Rs.6.79 per liter. Briefing the media in Islamabad this evening Advisor to Prime Minister for Finance Miftah Ismail said prices of petrol has been increased by Rs.4.06 per …

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Singapore bar offers bitcoin New Year party package

SINGAPORE CITY: A Singapore bar that bills itself as the world’s highest cryptocurrency club is offering a New Year’s Eve package that includes a limousine pick-up and butler service — but it’ll cost you a whole bitcoin. Skyline, on the 45th floor of a skyscraper overlooking the city-state’s glittering waterfront, …

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China co-operation with Pakistan, Afghanistan no threat to any third party: China

BEIJING -UNS – China clarified on Wednesday that its plan to include Afghanistan into the China-Pakistan Economic Corridor (CPEC) and a recently held trilateral meeting featuring the three countries does not target a ‘third party’ and that the project will be beneficial for ‘the whole region’. The inclusion of Afghanistan …

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