Home / News / Business News (page 89)

Business News

Chinese firm to build oil refinery near Kohat | Business

Photo:File Pakistan has entered into an agreement with a Chinese firm to construct an oil refinery near Kohat, Radio Pakistan reported on Friday. The state news agency, quoting sources in the Khyber Pakhtunkhwa Oil and Gas Company Limited, said that a memorandum of understanding has been signed with the country. …

Read More »

Alibaba launches low-cost voice assistant amid AI drive | Business

China’s Alibaba Group Holding Ltd launched on Wednesday a cut-price voice assistant speaker, similar to Amazon.com Inc’s “Echo”, its first foray into artificially intelligent home devices. The “Tmall Genie”, named after the company’s e-commerce platform Tmall, costs 499 yuan (56.77 pounds), significantly less than western counterparts by Amazon and Alphabet …

Read More »

Dollar fall exposes soft underbelly of FX policy | Business

Although Pakistan’s foreign exchange (FX) policy claims to be market driven, erratic moves by the government exposes its soft underbelly from time to time. Data suggests that the rupee drops on average 5 per cent annually, but was kept artificially strong since August 2015. Chief Executive Officer of Insight Securities, …

Read More »