India sues Nestle for nearly $100m over food safety

Government seeks damages from Swiss food giant after banning Maggi noodles for containing unsafe levels of lead NEW DELHI, Aug 13: India's government is seeking...

Asia stocks wavered after dollar knocked due to weak U.S. data

Tokyo, Dec.02: Asian stock markets wavered on Wednesday after downbeat U.S. manufacturing data raised questions about how aggressive the Federal Reserve would be when...

Pakistan economic progress can learn from South Korea

KARACHI: The Republic of Korea attaches great importance on enhancing its bilateral relations with Pakistan. The $500 million Economic Development Cooperation Fund (EDCF) Framework Agreement signed...

Alibaba expands despite slowing China growth

SHANGHAI, Oct 27:  Chinese online giant Alibaba on Tuesday posted robust quarterly results showing better-than-expected sales growth, allaying fears stemming from cooling in the...

Lockheed says US approves its $9 billion takeover of Sikorsky

WASHINGTON, Sep 24: Lockheed Martin Corp said on Thursday that U.S. officials have approved its $9 billion takeover of Black Hawk helicopter maker Sikorsky...

Mobilink, Warid Telecom announce merger

Karachi, Nov 26: Pakistan’s telecom industry is about to witness a massive consolidation as the parent companies of Mobilink and Warid Telecom announced on...

Commerce Minister: National economy strengthening due to effective policies

Gujranwala, Dec.12: Commerce Minister Khurram Dastgir Khan says the national economy is strengthening due to effective measures taken by the government. Speaking after laying foundation...

Finance Minister reviews draft Companies Bill, 2016

ISLAMABAD, Jun 8: Federal Minister for Finance, Senator Mohammad Ishaq Dar chaired a meeting here on Wednesday to review the progress of draft Companies...

Pakistan receives US$ 502 million tranche

ISLAMABAD, Mar 26: The International Monetary Fund (IMF) has approved the US$ 502 million tranche for Pakistan.   According to a statement issued by the...

Finance Minister chairs Laws Review Committee meeting

Islamabad, Nov.23: A meeting of the Laws Review Committee was held in Islamabad with Finance Minister Ishaq Dar in the chair. It reviewed various laws...