LAHORE - Chief Justice of the Lahore High Court, Mr. Justice Umar Ata Bandial has ordered winding up of Innovative Investment Bank Ltd and appointed two joint official liquidators for answering the anxiety and concern of the investors who are without principal amount of their investment or any ...

A five member delegation led by Mr Wang Yitong, Chairman, China North Industries Corporation (NORINCO), called on Prime Minister Muhammad Nawaz Sharif at PM’s Office Thursday.The Chairman, NORINCO congratulated Prime Minister Muhammad Nawaz Sharif on the assumption of his office as the Chief ...

RELEIGH - The biggest-ever Chinese acquisition of a US company faces hurdles in Washington from lawmakers and regulators, but in much of America, Chinese investment is quietly booming.With over $10.5 billion of deals by Chinese companies in the United States so far this year, 2013 is on pace to be ...

TOKYO- Indian Prime Minister Manmohan Singh has called for an early accord on civil nuclear cooperation with Tokyo and more Japanese investment ahead of an official visit, reports said Sunday.Singh, who will travel to Japan in the coming week for talks with Prime Minister Shinzo Abe, made the ...

PESHAWAR -   Khyber Pakhtunkhwa Governor Engineer Shaukatullah has said that after a decade-long unrest, peace is restored in KPK and Federally Administered Tribal Areas (Fata).  “Life has become normal to a great extent and the businessmen should come forward to invest for ...

INDIANAPOLIS - Indiana has canceled subsidies for a planned $1.8 billion fertilizer plant in the state because of concerns that a Pakistani company involved in the project makes products used in improvised explosives that kill and injure U.S. troops in Afghanistan.Midwest Fertilizer Corp, which has ...

Carey L BironOver the next decade and a half, a major global shift will result in the developing world controlling roughly half of the world’s capital, up from less than a third today.According to new scenarios released Thursday by the World Bank, developing countries could control some ...

ISLAMABAD - A delegation of Islamabad Chamber of Commerce & Industry (ICCI) led by its President, Zafar Bakhtawari visited the Oil and Gas Development Company (OGDC) for having a meeting with Riaz Ahmed Khan, Managing Director OGDC for discussing current energy situation in the country. ...

UNITED NATIONS - The United Nations Wednesday warned that economic losses from disasters have spun out of control and called on the world’s business community to incorporate disaster risk management to their investment strategies to avoid further losses.“Governments bear the ...

islamabad - Caretaker Federal Minister for Water and Power Dr Musadik Malik has said that Pakistan has great potential of renewable energy and policies should be devised to attract the investors in this sector by facilitating them. He added that the AEDB should play its role as a one-window ...

karachi - German Ambassador Cyrill Nunn apprised that within EU, Germany has become Pakistan’s biggest trading partner.  During his visit to Karachi Chamber of Commerce & Industry he said Germany ranks as 9th largest trading partner even ahead of UK. There are many opportunities in ...

karachi - Britain would like to become largest investor and trading partner for Pakistan, presently its rank is second in respect of investment and trade. British government hopes the new elected government will bring immediate favourable federal and provincial structural economic reforms ...

LONDON :  Gold rose on Wednesday as physical demand encouraged speculative buying after the previous session's drop, while support also came from weak German economic data which fuelled prospects the European Central Bank (ECB) could cut interest rates.Investor confidence is still reeling from ...