BUSINESS

Finance Minister Asad Umar said that the government was not considering introducing any new tax amnesty scheme. Speaking to journalists about the government's economic policies, the finance minister said PM Imran Khan’s administration is committed to ensuring good governance and eradicating corruption from the society. PM Imran is showing zero tolerance for corruption as no society could progress without...

Ministry of Railway has announced to appoint permanent employees on 2000 vacant positions in next six months. The appointments will be made on vacant positions ranging from grade-1 to grade-11, whereas the application and interview process would take up at least 90 days to complete.

A startup factory in Germany Rocket Internet announced a loss of US$691 million today across its portfolio companies. They have blamed Global Fashion Group (GFG) for this loss In the first six months, their revenue dropped to US$32.5 million which was US$79.5 in the last year in 2015. But they still plan to make factory profitable in the year...

Two brothers Divyank Turakhia and Bhavin Turakhia from Mumbai city became Billionaires by selling their startup to a Chinese firm for $900 million Dollars. The company The company Medianet provides a whole range of products and services. This deal is more costly than Google's purchase of AdMob a few years ago in 2010.Medianet will now become a subsidiary of...

Previous models of iPhone were coming with home button, but the new upcoming 2017 iPhone will have no home button for its users. The iPhone will come with a long sheet of glass instead. of a home button. Other features are likely to remain the same however. It shows how Apple is making the changes to design each year...

It's sounds interesting and exciting that Islamabad people started enjoying the Motorcycle service in town. We always heard about the taxi car service but this is new addition in the public transport. With the name Cargar is enthusiastic to provide the affordable solution to the heavy traffic started in Islamabad and Rawalpindi. “Cargar aims to provide maximum safety for its...

Islamabad: Pakistan's power sector has break the records of reaching Rs684 billion mark after cutting the drastic 27 percent generation cost which is the highest mark the have ever received. On the other hand power sector's payable amount also surged to 44 percent to Rs300 billion on June 30,2016. This rise occur after government paid Rs480 billion to producers...

Brazil famous iDoof startup is experiencing a 13 percent increase during Rio Olympics. CEO iFood told Mashable that "We prepared for the potential increase in the number of orders, Brazilians like to watch the broadcasts at home, with friends, and good food, of course." ifood CEO thank facebook for helping in managing the orders in such a large...

When the smartphone first went on sale right after nine years Apple announced the sale of its billionth iPhone. According to latest earning reports, Apple sold 40.4 million iPhones in quarter ending in June, down from 48 million a year earlier. "We never set out to make the most, but we've always set out to make the best products that...

Turkish company Arcelik has said that they will be going to acquire privately held Pakistani company Dawalance for $258 million. According to a research note issued by Deutsche Bank to its clients, one of the subsidiaries of the Turkish company, Are dutch BV, has signed an agreement to acquire three companies based in Pakistan and British Virgin Islands that...