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Category: Business

Business

ECC approves Rs17 billion financial package for PIA

By sundaytimesNovember 12, 2018

The Economic Coordination Committee in a meeting on Monday approved a financial support package amounting to Rs17 billion for Pakistan International Airlines (PIA) – the country’s national flag […]

Business

Delta to cancel order for 18 Boeing 787 Dreamliner aircraft

By sundaytimesDecember 28, 2016

Delta Air Lines Inc said on Tuesday that in agreement with Boeing Co it would cancel an order for 18 787 Dreamliner aircraft, which it assumed as a […]

Business

Pakistan to secure $1 bn in Chinese financing for CPEC roads: official

By sundaytimesDecember 28, 2016

ISLAMABAD: Pakistan expects to secure soft loans from China of about $1 billion this week for three road projects in the China Pakistan Economic Corridor (CPEC), a Pakistani […]

Business

US sues Barclays over crisis-era mortgage securities

By sundaytimesDecember 23, 2016

WASHINGTON: The US Justice Department sued the British financial giant Barclays on Thursday, accusing the bank of massive fraud in the sale of mortgage-backed securities which contributed to […]

Business

Dollar hits record high of Rs109

By sundaytimesDecember 23, 2016

KARACHI: The rupee fell to its lowest against the dollar this year in the open market, despite efforts by Finance Minister Ishaq Dar. Dollar rose to PKR109 in […]

Business

Pakistan Stock Exchange crosses 47,000 mark

By sundaytimesDecember 19, 2016

KARACHI: The Pakistan Stock Exchange (PSX) created yet another record as the benchmark 100-index crossed the 47,000 mark. New week trading at PSX started with positive note and […]

Business

Annual review of payment systems shows significant growth: SBP

By sundaytimesDecember 19, 2016

KARACHI: During the financial year 2016 (FY16), Payment Systems in Pakistan have shown significant growth in key performance indicators, State Bank of Pakistan (SBP) said in a press […]

Business

Ukraine nationalises country’s largest bank

By sundaytimesDecember 19, 2016

KIEV: Ukraine on Sunday nationalised the country’s biggest bank in a bid to avert a financial meltdown in the war-scarred former Soviet state. The government moved to take […]

Business

Sri Lanka says it secures $1.34 bn World Bank loan

By sundaytimesDecember 17, 2016

COLOMBO: Sri Lanka has secured $1.34 billion in loans from the World Bank to boost the cash-strapped island’s economy over the next three years, the finance ministry said […]

Business

Swiss parliament finally agrees on EU migrant curbs plan

By sundaytimesDecember 17, 2016

GENEVA: The Swiss parliament on Friday finally agreed on a plan to curb immigration from the EU, as called for in a 2014 referendum, without jeopardising its vital […]

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