News Of The Day

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Panama case impacts PSX as it dives...

April 19, 2017

Pakistan Stock Exchange took a major turn today after staying on the downward trajectory for pat few days. Wednesday, April 19, 2017 marked the greatest swing in the index since the PTI’s sit-in was called off on November 1, last year. Starting on 46874.37 points, PSX plunged down to 46048.07 points and then continued an […]

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Google will be the new LinkedIn

April 19, 2017

Internationally, LinkedIn is the most renowned site for jobs listings. That is about to change. Google is going to start its own job listings site called ‘Google Hire.’ Without making a show out of it, Google has done all preparation to steal LinkedIn’s job. It will bring a sign up page where job seekers and […]

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Facebook and Plan X cohost the F8...

April 19, 2017

Press Release PlanX, the nation’s largest technology Accelerator – a project of Punjab IT Board (PITB) held the second Facebook for Developers Meetup in collaboration with Facebook at Arfa Software Technology Park, Lahore. The F8 Meetup gives young technology developers an insight into building new platforms, upgrading existing products, and highlights appropriate measures to monetize […]

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Alibaba: the next big thing for Pakistan’s...

April 19, 2017

Minister for Commerce Khurram Dastagir Khan said that Alibaba can become an important part of Pakistan’s digital economy. President of Alibaba Group Michael Evans also said that Pakistan is a high potential market. These announcements came after a meeting between the two officials in Karachi. Secretary Commerce, Secretary and Chairman Board of Investment, Secretary Finance, […]

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Housing finance growth leads SBP to change...

April 19, 2017

Housing finance in first half of the current fiscal year surpassed Rs 10 billion. This shows the growth tradition in this sector which encouraged the State Bank of Pakistan to change the housing finance regulations. SBP encouraged development finance institutions and banks to provide the housing finance terms and conditions in Urdu and also read […]

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Hotel Industry Vs Airbnb: battling for the...

April 19, 2017

Tourism promoters, hoteliers and hospitality associations across the globe have been questioning Airbnb’s model and operations. The industry’s plan to push against Airbnb is not just about the financial impact on hotels but the way it operates. The industry plans to lobby and constrain Airbnb and its just onboarded AHLA to change public perceptions. Over […]

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The dip deepens in the PSX on...

April 18, 2017

Pakistan Stock Exchange (PSX) continues its downward movement on the second day of the week. Starting at 47125.12 points, the index plummeted to 46809.19 points before closing at points. The movement of the index today however included lots of ups and downs that kept the investors’ on a roller coaster ride as well. Automobile assembler […]

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KPK government pens 11 agreements with Chinese...

April 18, 2017

The Kyber Pakhtunkhwa government signed eleven memoranda of understanding with the Chinese firms for development projects in the province. This comes as part of the China Pakistan Economic Corridor. These projects are likely to cost Rs 60 billion, and will include construction of bus terminal, health city, CPEC tower and other residential and commercial infrastructure. […]

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Mercury and electricity shortfall rise together

April 18, 2017

After repeated claims of power shortages being eliminated, continuous rants about new power projects to be constructed, today’s update is that energy shortfall has reached to 6,000 Mega Watts. The sun came out and electricity decided to hide behind the generators. As the mercury rises, the energy shortfall races to keep up. One TV channel […]