Inflation surges to 9.1pc in May
According to the latest data of Pakistan Bureau of Statistics (PBS), inflation increased by 0.8 percent in May 2019 on month-on-month basis, as compared to an increase of 1.3 percent in the previous month. Core inflation measured by non-food non-energy CPI (Core NFNE) increased by 7.2 percent on (YoY) basis in May 2019 as compared to an increase of ...
Khaadi Hosts Eid celebrations at flagship store
KARACHI (PR) Khaadi, Pakistan’s premier retail and lifestyle brand, hosts a three-day Eid celebration at flagship store, located at COM 3 opposite Bilawal Chowrangi. The Eid celebration is open to customers and offers an array of entertainment and attractions for the whole family to enjoy, including live arts and crafts, organic henna, bangles and more. With a reputation for creating enhanced retail ...
Sooper release Sooper Junoon world cup anthem
The goal of Sooper hai poora Pakistan is to celebrate the passion and enthusiasm of all Pakistanis, specifically the underrepresented and minorities who love cricket and Pakistan just as much. Diversity is at the core of the anthem, therefore care has been taken to shed the spotlight on individuals belonging to a range of ethnic, religious and gender-based minorities ...
Cheetay collaborates with Telenor
LAHORE (PR)? Cheetay, a last mile e-commerce platform, is officially partnering with Telenor this Ramazan with a campaign to share meals with the underprivileged. We?ll enable the technology in our app to help redirect the customer to share the hashtag on Facebook, it?s that simple and easy.? Cheetay is using its platform to help share and donate a meal.Customers who ...
Rs581.9 billion released for development projects under PSDP
Under PSDP 2018-19, the government released Rs 26.270 billion for the various projects of Pakistan Atomic Energy Commission, whereas the Water Resource division received Rs 56.7 billion out of total allocation of Rs 78.09 billion. Similarly, an amount of Rs 338 million released for Petroleum Division out of its allocations of Rs 463 million, Rs 4.1 billion for Planning, ...
Customers need not worry about their Huawei devices
For the convenience of everyone, after intensive research, we have collected statements available to the public online and put together a quick guide on some of the concerns, questions and misconceptions customers have regarding their Huawei devices. In a public statement, the company mentioned:? ?Huawei will continue to provide security updates and after-sales services to all existing Huawei and Honor ...
Brazil’s central bank chief eyes ‘micro’ policies to get credit flowing
BRASILIA: Brazil’s central bank will focus on an agenda of ‘micro’ measures and initiatives rather than macroeconomic policies to get credit and lending flowing, the head of the bank said on Monday. Reinforcing a stance he has taken since assuming office at the end of February, central bank chief Roberto Campos Neto told an audience in Sao Paulo that simplifying regulation ...
Canada auto sales fall 5.9pc in May
A report https://www.desrosiers.ca/sales released by DesRosiers Automotive Consultants said the country?s auto sales plunged to 202,800 units in May from 2l5,407 a year earlier. ?If you were to apply the percentage that the market is down through May to the entire year, we would still come in at almost 1.9 million units, making 2019 one of the best sales ...
Major automakers post US higher May new vehicle sales
Major automakers on Monday reported better-than-expected US new vehicle sales for May, posting the first monthly increase for 2019 as a strong economy and upbeat consumer sentiment boosted demand. US new vehicle sales through April had fallen 3 percent, fueling expectations of a weaker year for automakers in 2019 than last year, and May sales were expected to remain ...
Libyan conflict risks oil output ‘collapse’
Oil production ?could collapse at any moment?, said NOC chairman Mustafa Sanalla, even as he cited current output of over a million barrels per day. Oil export terminals were not immune from the conflict, he said, recalling that the northeast of the country ? nicknamed the ?oil crescent? ? had been at the centre at previous rounds of violence. ...
Nokia says it has moved ahead of Huawei in 5G orders
HELSINKI: Nokia has attracted increased interest in its next-generation telecoms equipment in recent weeks, helping it to move ahead of Chinese rival Huawei in total 5G orders, one of the Finnish company?s directors said. With 42 commercial 5G orders, Nokia has edged ahead of Huawei and Ericsson, Nokia director Federico Guillen said, as the companies jostle for position in ...
Global Oil Reserves Up 0.4% Year-on-Year To 1.498 Trillion Barrels In 2018 - OPEC
MOSCOW (UrduPoint News / Sputnik - 04th June, 2019) Global proven reserves increased by 0.4 percent year-on-year to 1.498 trillion barrels in , according to the annual statistical bulletin the Organization of the Petroleum Exporting Countries (OPEC) published on Monday.
American Airlines and Qantas win tentative US approval for joint venture
The airlines argued in their 2018 application that the venture would lead to a reduction in fares and higher capacity as a ?more viable third competitor? and require other carriers to respond with improvements in quality, schedules and prices. Qantas said last year the joint venture would allow the two airlines to ?significantly improve service? and ?stimulate demand.? The ...
French demands challenge FCA-Renault deal push
PARIS/MILAN: Talks on Fiat Chrysler?s proposed merger with Renault became mired in politics on Monday, as France sought more concessions to maintain government influence over the new carmaker?s management and French assets, sources told Reuters. John Elkann, scion of the Agnelli family whose Exor holding controls FCA via a 29% stake, has sought to placate the French and Italian ...
AstraZeneca searches for successor to Chairman Johansson
British drugmaker AstraZeneca Plc is preparing to search for a successor to Chairman Leif Johansson, Sky News reported on Monday. AstraZeneca?s board is in the early stages of planning for an eventual replacement for Johansson, who has chaired the company for seven years, according to the report.
Apple introduces web login, stresses privacy in challenge to Google, Facebook
Apple Inc on Monday launched a ?Sign In With Apple? function to rival Facebook and Google web login accounts, drawing a contrast with rivals by stressing protection of users? private information. Apple?s App Store is a key driver of the iPhone maker?s services segment, which brought in $37.1 billion in revenue last year. The department?s antitrust division and the ...
VW seeks dual listing for minority stake in Traton trucks unit
FRANKFURT: Volkswagen said on Monday it would seek a dual listing of a minority stake in its Traton trucks unit on the Frankfurt and Nasdaq Stockholm exchanges, with an initial public offering (IPO) planned for completion before the summer break.
SBP issues Rs360bn worth fresh currency notes on Eidul Fitr
The SBP said that through 16 field offices of its subsidiary SBP-Banking Services Corporation (SBP-BSC), provided fresh banknotes of various denominations aggregating to Rs360 billion, including Rs61 billion of Rs100 and below denominations, via cash counters of banks and SMS service (8877) to general public during Ramazan.
IoBM and EMEC sign an MoU with AAOIFI
ISLAMABAD (Dunya News) ? Entrepreneurship & Management Excellence Center (EMEC) at IoBM signed an MoU with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain to support in IoBMs? upcoming PGD Islamic Banking & Finance with ESAAC. President IoBM, Talib Karim, CEO ESAAC Mufti Ehsan Waquar from Ehsan Shariah Advisors and Consultants (ESAAC) were also present during ...
Stock Markets Rise, Oil Recovers Slightly 03 June 2019
Trump, who began a state visit to Britain on Monday, has followed up the threats against Mexico with an announcement that Washington would no longer offer preferential trade treatment to India, effective Wednesday, in a bid to pressure New Delhi to increase market access for US goods. Referring to "the never-ending game of tariff tag", OANDA senior market analyst ...
