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International credit rating agency Moody’s Investors Service has maintained its stable outlook on Pakistan’s banking system.   “We expect the strengthening economy and the central bank’s monetary easing to provide banks with plenty of business opportunities and stimulate loan growth to around 12% over the next 12-18 months,” says Elena Panayiotou, an Assistant Vice President at Moody’s.   The rating ...

Pakistan People’s Party (PPP) should distance itself from its Co-chairman Asif Ali Zardari, Chairman Tehreek-e-Insaf Imran Khan said here on Thursday. “I suggest PPP to go for minus one formula like MQM did because that’s the only way they can politically survive”, Imran Khan said while talking to media persons. Asif Zardari was only using Panama issue to leverage his ...

Chairman Tehreek-e-Insaf Imran Khan alleged that Army is being pressurized by Prime Minister Nawaz Sharif from all external bodies to let him do what he wants. “Sorry to say, but our own Army is being pressurized by Nawaz from all external bodies to let him do what he wants” Imran Khan said in interview according to PTI’s tweeter account. Sorry ...

Twitter Inc’s shares plunged more than 19 percent in early trading on Thursday after technology website Recode reported that Alphabet Inc’s Google does not “currently” plan to make a bid for the company. Walt Disney Co has also decided not to move forward with a bid, while Apple Inc is unlikely to be a suitor, Recode reported on Wednesday, citing ...

US President Barack Obama declared a state of emergency in Florida as Hurricane Matthew strengthened and headed for the U.S. Southeast, the White House said on Thursday. The action authorizes the Department of Homeland Security and the Federal Emergency Management Agency to coordinate disaster relief efforts necessitated by the storm, a Category 4 hurricane packing winds of 140 mph (220 ...

Parliament unanimously passed legislation against “honour killings” on Thursday, three months after the murder of social media star Qandeel Baloch. Joint session of the lower and upper houses of parliament, approved the new anti-honour killing law, removing a loophole in existing law that allows killers to walk free after being pardoned by family members. The legislation on honour killings will ...

Pakistan stock exchange witnessed bullish trend as its benchmark psx-100 index ended high and closed with 41253.46 points at the end of trading day. Psx-100 index gained 129.49 points during the regular trade. The highest index of the day remained at 41425.09 points while the lowest index of the day remained at 41123.97 points

ISLAMABAD – State Bank of Pakistan (SBP) on Wednesday said that as per Federal government’s gazette notification of June 4, 2015, the old design banknotes would cease to be legal tender with effect from December 1, 2016.   “Therefore, it has now been decided to phase out all remaining old design banknotes of Rs 10, 50, 100 and 1000”, a ...

WASHINGTON – The FBI has arrested a National Security Agency contractor on charges of stealing highly classified information and is investigating possible links to a recent leak of secret hacking tools used to break into the computers of adversaries such as Russia and China, U.S.   Harold Thomas Martin, 51, was taken into custody in Maryland in August, according to ...

  Globally, people’s health is improving and life expectancy is rising, but progress is far from universal with chronic diseases bringing long-term illness and causing seven out of 10 deaths, according to research published on Thursday. The Global Burden of Disease study, which shows the key drivers of ill health, disability and death in individual countries, found that by 2015, ...