Author: Correspondent (customnews.pk)

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Tajikistan offers cheap electricity to Pakistan

  By Correspondent (customnews.pk) 12-Jan-2019 12-Jan-2019 News Clippings

RAWALPINDI: Tajik Ambassador Sherali S. Jononov on Friday offered electricity to Pakistan and also expressed desire to increase the trade volume between the two countries…. Read more

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Facebook staff discussed cashing in on user data, reports say

  By Correspondent (customnews.pk) 12-Jan-2019 12-Jan-2019 News Clippings

Facebook staff discussed charging companies for access to user data, before ultimately deciding against such a policy, according to reports. The internal discussions were revealed… Read more

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RBC’s CEO vows improvement to disappointing mortgage performance

  By Correspondent (customnews.pk) 12-Jan-2019 12-Jan-2019 News Clippings

Royal Bank of Canada Chief Executive Officer David McKay is vowing to do better on Canadian mortgages after a couple years of disappointing performance. “We… Read more

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E&P firms complete 2D, 3D surveys, drill 93 wells in 2018

  By Correspondent (customnews.pk) 12-Jan-2019 12-Jan-2019 News Clippings

ISLAMABAD: Oil and gas exploration and production (E&P) companies carried out 4,371km 2D and 1,240sqkm 3D seismic surveys, besides drilling 93 exploratory and developmental wells… Read more

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Kerala to Float Tenders for 1 GW of Solar Projects Under SOURA Program

  By Correspondent (customnews.pk) 12-Jan-2019 12-Jan-2019 News Clippings

Joining the other states in achieving 100 GW of solar capacity together by 2022, the state of Kerala is now planning to develop 1,000 MW… Read more

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PTI government to present 2nd mini-budget on January 23rd

  By Correspondent (customnews.pk) 12-Jan-2019 12-Jan-2019 Business and Finance, Top Stories

KARACHI: The government would present the supplementary finance bill on January 23, 2019, which is aimed at investment facilitation and increasing ease of doing business… Read more

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Thailand IPP bidding for 8,300MW in 2019 pipeline

  By Correspondent (customnews.pk) 12-Jan-2019 12-Jan-2019 News Clippings

Thailand Energy Ministry plans to open bidding for independent power producers (IPPs) for a combined capacity of 8,300 megawatts (MW) this year. This will be… Read more

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KSE-100 Index gains 4.0 percent backed by UAE’s support package

  By Correspondent (customnews.pk) 12-Jan-2019 12-Jan-2019 Business and Finance

KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 index gained 4.0 percent or 1,502 points closing the week ended January 11, 2019 at 39,049 points, as… Read more

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PM Imran Khan’s sister Aleema Khan owns over Rs450 million property in US

  By Correspondent (customnews.pk) 11-Jan-2019 11-Jan-2019 News Clippings

Karachi: Prime Minister Imran Khan’s sister Aleema Khan owns expensive property in the United States. The News investigative reporter Ahmed Noorani revealed in Geo News… Read more

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New home sales tank 19 percent to end 2018

  By Correspondent (customnews.pk) 11-Jan-2019 11-Jan-2019 News Clippings

Sales of newly built homes fell 18 percent in December compared with December of 2017, according to data compiled by John Burns Real Estate Consulting,… Read more

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India finally accepts Pakistan’s request for inspection of projects on Chenab basin

  By Correspondent (customnews.pk) 11-Jan-2019 11-Jan-2019 News Clippings

ISLAMABAD: New Delhi has finally accepted Pakistan’s request to inspect under-construction projects on Chenab basin, Federal Minister for Water Resources Faisal Vawda has announced. “Due to… Read more

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Oil Set for Biggest Weekly Gain in Two Years on OPEC,

  By Correspondent (customnews.pk) 11-Jan-2019 11-Jan-2019 News Clippings

Oil headed for its biggest weekly increase in two years in New York as OPEC cutbacks reined in supply while reassurance from the Federal Reserve… Read more

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Mortgage Rates Hit Lowest Point in Nine Months

  By Correspondent (customnews.pk) 11-Jan-2019 11-Jan-2019 News Clippings

Mortgage rates took a dive across the board, reaching the lowest levels in months, according to the latest Freddie Mac Primary Mortgage Market Survey. According to the… Read more

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Facebook employs UK fact-checkers to combat fake news

  By Correspondent (customnews.pk) 11-Jan-2019 11-Jan-2019 News Clippings

Facebook has employed a UK fact-checking service to help it deal with the spread of fake news. Full Fact, a charity founded in 2010, will… Read more

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Moody’s doubts Pakistan’s debt repayment outlook

  By Correspondent (customnews.pk) 11-Jan-2019 11-Jan-2019 News Clippings

KARACHI: Moody’s on Thursday said Pakistan’s ability to refinance its foreign debt and fund its growing deficits is at stake given low foreign exchange reserves… Read more