Qureshi wishes to strengthen economic ties between Pakistan, Japan

Qureshi wishes to strengthen economic ties between Pakistan, Japan

Foreign Minister Shah Mehmood Qureshi on Tuesday called for further strengthening of economic ties between Pakistan and Japan, media sources reported. This he said while talking to Japanese Ambassador Kuninori Matsuda, who called on him in Islamabad, here today. Calling Japan a basic economic partner of Pakistan, Qureshi said Japan...

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Here’s how Twitter’s CEO Jack Dorsey took only a few cents home in 2018

Here’s how Twitter’s CEO Jack Dorsey took only a few cents home in 2018

According to media sources, Twitter’s co-founder Jack Dorsey received his first salary since returning to the role of chief executive officer four years ago: 140 cents. The conspicuously modest sum, disclosed on Monday in a regulatory filing, equals the original character limit for tweets on the company’s social network, a restriction the...

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China’s economy boost: First quarter growth tops expectations at 6.4%

China’s economy boost: First quarter growth tops expectations at 6.4%

According to media reports, China’s economy grew slightly faster than expected in the three months to March, official figures released Wednesday showed. The economy expanded at 6.4% in the first quarter from a year earlier, ahead of a Reuters forecast of 6.3%. Beijing has taken steps to boost its slowing...

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Asad Umar and his team meet World Bank officials

Asad Umar and his team meet World Bank officials

According to media reports, Finance Minister Asad Umar and his team arrived in Washington on Tuesday. The Pakistani delegation comprises State Bank Governor Tariq Bajwa, Finance Secretary Younas Dagha, and Economic Affairs Secretary Noor Ahmed, among others. Umar met the new head of the World Bank David Malpass and updated...

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Pakistan’s trade deficit shrinks by 14 per cent as imports decline

Pakistan’s trade deficit shrinks by 14 per cent as imports decline

Owing to practical steps taken by the incumbent government, the trade deficit has dropped by 14 per cent in the first 9 months of PTI’s government rule, ARY News reported on Tuesday. According to the Statistical department, the trade deficit remained $33.45 billion in July-March against $47billion in the same...

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Pakistan’s economic growth to slow down to 3.4% in 2019

Pakistan’s economic growth to slow down to 3.4% in 2019

According to a report released by World Bank, Pakistan’s GDP growth is projected to slow down to 3.4 percent in fiscal year 2018-19, from 5.8 percent a year before, and to 2.7 percent in FY2019-20, reflecting a broad-based weakening in domestic demand. Domestic demand is expected to contract while at...

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Money laundering case: Court to hear first NAB reference on April 19

Money laundering case: Court to hear first NAB reference on April 19

The first National Accountability Bureau (NAB) reference pertaining to the fake bank accounts and money laundering case has been fixed for the hearing by an accountability court, ARY News reported on Thursday. Accountability court Judge Muhammad Bashir has issued summons to all suspects, including former Karachi administrator Muhammad Hussain Syed,...

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FBR extends deadline for filing tax returns to April 30

FBR extends deadline for filing tax returns to April 30

ISLAMABAD: The Federal Board of Revenue (FBR) Sunday further extended the date of filing of income tax returns / wealth statements for the tax year 2018 till April 30. According to FBR statement, the date of filing of returns for companies, individuals and association of persons has also been extended...

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Uber buys Careem, terms Pakistan as one of the fastest growing markets

Uber buys Careem, terms Pakistan as one of the fastest growing markets

Uber’s Chief Executive Officer (CEO) Dara Khosrowshahi has termed Pakistan as one of the ride-hailing apps fastest growing markets. “Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in...

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Abu Dhabi launches Dhs 1bn mega hub to boost tech start-ups

Abu Dhabi launches Dhs 1bn mega hub to boost tech start-ups

ABU DHABI: The Abu Dhabi government has just launched a Dh1 billion mega hub that seeks to accelerate the local economy by bringing together start-ups, innovators and global powerhouses in the technology industry. U.S. tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join...

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