Shari Redstone explores adding new CBS directors: WSJ

Shari Redstone explores adding new CBS directors: WSJ

 Shari Redstone, a controlling shareholder of CBS Corp, has discussed adding new directors to the CBS board as she renews her push to merge the company with Viacom Inc, The Wall Street Journal reported on Wednesday. Shari Redstone and Sumner Redstone, her ailing 94-year-old father, together control both CBS and...

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FDI in Pakistan drops massive 71.5% in Dec

FDI in Pakistan drops massive 71.5% in Dec

KARACHI: Foreign investment in Pakistan’s economy dropped a massive 71.5% in December, amounting to just $197.4 million from $692.1 million in the same month of 2016, according to data released on Tuesday by the State Bank of Pakistan. December was the first month of the current fiscal year that saw a...

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APCNGA meets reps of UK-, Italy-based companies

APCNGA meets reps of UK-, Italy-based companies

ISLAMABAD: Representatives of three well-reputed companies of Italy and United Kingdom held detailed discussions with All Pakistan Compressed Natural Gas Association (APCNGA) and the concerned government quarters. During their two-day visit to Pakistan, issues related to CNG, including the supply of lightweight CNG cylinder and latest electronic fuel injection (EFI)...

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Used cars create gridlock at Karachi port

Used cars create gridlock at Karachi port

KARACHI: Over 7,000 imported used cars are lined up at the Karachi port waiting to be picked up, while an equal number will reach in a few days, creating problems for port authorities to handle the cargo and the situation. Importers, unwilling to pick up their cargo, say the gridlock...

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Turkish MSE model to help ‘alleviate poverty’

Turkish MSE model to help ‘alleviate poverty’

FAISALABAD: The model of micro and small enterprises (MSE), which are playing pivotal role in socio-economic development and poverty alleviation in Turkey, could benefit Pakistan in eradicating unemployment. This was said by University of Agriculture Faisalabad (UAF) Vice Chancellor Prof Iqbal Zafar as he held a meeting with Turkish Professor...

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Indian pharma firms taking over Pakistan’s share

Indian pharma firms taking over Pakistan’s share

LAHORE: Pakistan’s pharmaceutical manufacturers are losing their export markets to the Indian industry and this lack of competitive advantage is blamed on the government’s indifference to the toll manufacturing arrangement. The domestic industry has urged authorities to allow pharma companies to optimise production and bring down manufacturing costs by subcontracting...

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Cabinet refuses contract extension for PQA chief

Cabinet refuses contract extension for PQA chief

ISLAMABAD: The cabinet has turned down a proposal floated by the Maritime Affairs Division for extension in the appointment contract of existing chairman of the Port Qasim Authority (PQA) and has issued directives for immediately publishing advertisements to find out a suitable candidate for the post. As the current PML-N...

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FDI in Pakistan drops massive 71.5% in Dec

FDI in Pakistan drops massive 71.5% in Dec

KARACHI: Foreign investment in Pakistan’s economy dropped a massive 71.5% in December, amounting to just $197.4 million from $692.1 million in the same month of 2016, according to data released on Tuesday by the State Bank of Pakistan. December was the first month of the current fiscal year that saw...

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Pakistan, Saudi Arabia agree to simplify business visa issuance

Pakistan, Saudi Arabia agree to simplify business visa issuance

ISLAMABAD: The 11th session of the Pakistan-Saudi Arabia Joint Ministerial Commission (JMC) began on Tuesday with a renewed pledge to boost bilateral economic, investment and trade cooperation between the two countries. High-ranked officials of various ministries of both countries also participated, with an aim to draw a future roadmap to...

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Preferential trade deal with Saudi Arabia

Preferential trade deal with Saudi Arabia

PAKISTAN has evolved a comprehensive package in line with Saudi Vision-2030 to promote bilateral trade and investment between the two countries. The package envisages measures to ease procedures for business visa, remove non-tariff barriers and initiate talks on a preferential trade agreement (PTA). The package will be discussed at a...

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