Business

 mGadgets Founded by Mohammad Khanani in 2012, mGadgets has made its name shine in the global mobile technology market in as little time as two years. mGadgets dedication and devotion has made it possible to serve its customers at very low and reasonable costs with our innovative solutions. mGadgets on one hand...

Federal Budget 2014-15 ISLAMABAD, June 3  Following are highlights of the Federal Budget 2014-15 presented by Finance Minister Ishaq Dar in the National Assembly here on Tuesday evening: •    Pakistan’s foreign exchange reserves likely to be US 15 billion by July this year. •    Foreign exchange reserves have now increased to US...

The Federal Reserve today began circulating a new $100 bill with a modern design and smarter security with hi-tech features. New design $100 plagued by creasing, ink and printing issues since 2010 Federal Reserve now says all problems have been resolved Bills will roll out in armoured trucks across the U.S. today They have...

China’s ambitious Shanghai Free Trade Zone is designed to welcome foreign investment and open up an attractive yuan-denominated financial sector to the rest of the world. But it’s hard to boast about the free trade credentials behind the Great Firewall of China, so media outlets and social networks that are...

KARACHI: The Karachi stock market witnessed a massive decline on Tuesday as decline in the local currency’s value against the dollar, futures rollover week and confusion over brokers’ net capital affected the investor sentiment. The Karachi Stock Exchange (KSE) 100-share index shed 551.48 points or 2.33 percent to close at...

The implosion at BlackBerry (BBRY) has been stunning. Back in 2008, the company had a market value of over $80 billion. As of now, it’s only $4.3 billion. In fact, over the past three years, the company’s market share in North America plunged from about 70% to a meager 5%...

So the deal that should have been done 2 years ago is at last completed: Microsoft MSFT is buying most of Nokia to take control of its smartphone destiny. The 5.44 billion euros ($7.2 billion) deal announced late Monday marks a major step in Microsoft’s push to transform itself from a software maker focused...

At least one million cockroaches have escaped a farm in China where they were being bred for use in traditional medicine, a report said. The cockroaches fled the facility in Dafeng, in the eastern province of Jiangsu, for surrounding cornfields earlier this month after an “unknown perpetrator” destroyed the plastic...

Pakistan is set to become a net wheat importer this year with purchases climbing to the highest in five years after delayed planting and reduced fertilizer use hit domestic output and drove up local prices. The South Asian nation, which has been exporting wheat for the last three years, joins...

Apple's share of the smartphone market dropped in the second quarter to its lowest level in three years, research firm Strategy Analytics said. The share of the iPhone slipped to 13.6 percent in the quarter from 16.6 percent in the same quarter last year. The largest vendor Samsung Electronics, however,...

ISLAMABAD: Despite obtaining a $5.3 billion bailout package from the IMF and multi billion dollars from other donors, Pakistan will be facing a financing gap of $1.2 billion during the current fiscal year that will result into drawing down of foreign current reserves continuously in 2013-14. Finance Minister Ishaq Dar...

MUMBAI: The Indian rupee hit a record low on Monday, escalating worries about the country's current account deficit and complicating the task of the central bank as it tries to loosen monetary conditions to spur an economic recovery. The Foreign investors have been heavy sellers in recent weeks of Indian debt, a...