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Pakistan permitted Bank of China to start operations

Pakistan permitted Bank of China to begin operations

State Bank’s permission to Bank of China will enhance the relations between the two countries Pakistan’s State Bank has allowed the Chinese government-owned Bank of China Limited (BoC) to start its banking business after BoC fulfilled all the significant regulatory and operational requirements. According to a statement the State Bank of Pakistan (SBP), Bank of China Limited has been granted ... Read More »

Spain became third largest export market for Pakistani commodities

export-pakistan

Pakistan’s exports to Spain surged to $934.03 million in 2016-17, Commercial Counsellor to Spain Since European Union awarded GSP Plus status to Pakistan, it has boosted the country’s export rate to European countries. Generalised System of Preferences (GSP) status allows Pakistan’s 20 percent exports to enter the EU market at zero tariff and 70 per cent at preferential rates. EU ... Read More »

iPhone X – Apple’s best phone ever is here

iPhone X - Apple’s best phone ever is here

iPhone X is loaded with new features that consumers will probably love Yesterday, Apple has unveiled its most waited smartphones iPhone 8, 8 Plus and iPhone X formally pronounced iPhone 10. The Californian smartphones firm unleashed the brand new product at a glittering ceremony held in its new “spaceship” headquarters. iPhone X, which has been called the future of the ... Read More »

Pakistan plans to expand ferry service from Karachi to Doha, Dubai and Muscat

Pakistan plans to expand ferry service from Karachi to Doha, Dubai and Muscat

Pakistan recently waived off Gwadar port charges for the next 14 years to make the service competitive The Pakistan National Shipping Corporation (PNSC) is expanding its planned ferry service from Karachi to nearby coastal cities Doha, Dubai, and Muscat The plane about expanding the services was revealed in a set of documents received from the Ministry of Ports and Shipping. ... Read More »

Huawei surpassed Apple to became second largest smartphone brand

Huawei surpasses Apple to became second largest smartphone brand

Huawei beaten Apple’s global smartphone sales in June and July this year China’s leading smartphone maker Huawei has overtaken its major rival Apple to become the world’s second biggest smartphone manufacturer after Samsung. Huawei is sending iPhone maker into third place for the first time since Blackberry and Nokia ruled the market. According to Hong Kong-based figures from Counterpoint Research, Huawei’s ... Read More »

Turkey gifts tea-processing plant to Pakistan

Turkey gifts tea-processing plant to Pakistan

The plant will be set up in Shinkiari, near Mansehra – Pakistan’s first tea garden where black and green tea is produced Pakistan’s brotherhood country Turkey has gifted an automatic tea-processing plant to provide support the country’s tea-growing efforts based on modern technology. According to the information, Turkey’s Ministry of Food, Agriculture and Livestock has sent a latest automatic tea-processing ... Read More »

Pakistan is the third largest investors in Dubai’s real estate market

Pakistanis spend $817 million on Dubai property in six months

Pakistanis made transactions worth more than Dh7 billion in Dubai’s real estate market Pakistanis have emerged as the third largest real estate investors in Dubai, according to the report reveals Dubai Land Department (DLD). Pakistani nationals were listed at third number after UAE on the lead and India on second position. Pakistanis made 5,398 real estate transactions pumping about AED7 ... Read More »

HBL to close New York operations as regulator seeks $630m penalty

HBL to close New York operations as regulator seeks $630m penalty

HBL got fined for “serious deficiencies” in its anti-money laundering programme spanning Pakistan’s largest private bank Habib Bank Limited announced to wind up its operations in New York after getting $630m penalty notice form United States regulatory department. According to the press release of State Bank Pakistan, HBL New York branch has received a notice of New York State Department of ... Read More »

State Bank of Pakistan offers Easy Loans Scheme for Women Entrepreneurs

State-Bank-Pakistan

Women are central to this growth paradigm, Governor State Bank said State Bank of Pakistan (SBP) has launched “Refinance and Credit Guarantee Scheme for Women Entrepreneurs in Underserved Areas”. The loan scheme will be offered with 0% refinance rate and 60% risk coverage for small businesses. Governor State Bank of Pakistan (NBP) Mr. Tariq Bajwa, addressed the launching ceremony in Quetta, Balochistan. ... Read More »

Samsung heir found guilty of corruption, sentenced to 5 years in jail

Samsung heir found guilty of corruption, sentenced to 5 years in jail

Lee Jae-yong had been charged of giving large donations to foundations run by a close friend for political favours Samsung heir Lee Jae-yong has been jailed by Seoul Central District Court for a massive corruption scandal. Lee Jae-yong was convicted of bribery in a scandal that also saw the impeachment of South Korea’s former president. According to the court in ... Read More »

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