HSBC buys failed US bank SVB’s UK arm for £1

London, March 13 (AFP/APP):The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday. The deal, overseen by the Bank of England and the Treasury, comes […]

Germany won’t have unemployment problem, Scholz says

BERLIN,March 13 (AA/APP) –:“Germany will leave the problem of unemployment behind in the next few years,” Scholz told a news conference after a two-day Cabinet meeting at Schloss Meseberg outside Berlin. “There is a lot to do for which we need a lot of women […]

US govt rules out SVB bailout, wants to avoid ‘contagion’: Yellen

Washington, March 12 (AFP/APP): US Treasury Secretary Janet Yellen on Sunday said the government wanted to avoid financial “contagion” from the implosion of the Silicon Valley Bank but ruled out a bailout of the institution. US regulators on Friday took control of SVB — a […]

OGDCL spuds 4 wells, makes 3 discoveries in 1st half of FY 2022-23

ISLAMABAD, Mar 12 (APP): Oil and Gas Development Company Limited (OGDCL) has drilled four exploratory wells and made three discoveries with an expected production potential of 3,007 BPD oil and 2.7 MMCFD gas during the first half of the current fiscal year, ending on December […]

Business community calls for charter of economy to strengthen economy

ISLAMABAD, Mar 12 (APP): The Coordinator to Federal Tax Ombudsman and Chairman of Kyrgyzstan Trade House Meher Kashif Younis on Sunday stressed the urgent need for evolving a charter of the economy, a charter of democracy and enforcing them effectively studded with a jewel of […]

Speakers emphasizes agricultural labour force training for mango plantations

HYDERABAD, Mar 10 (APP):Speakers at an awareness seminar emphasized the need of providing training on modern lines to the agricultural labour force for mango plantations so that healthy plants could enhance mango production and improve the socio-economic condition of the peasants. The speakers emphasized this […]

Credit Suisse delays annual report after US queries

Zurich, March 9 (AFP/APP): Credit Suisse delayed on Thursday the release of the scandal-hit bank’s 2022 annual report after US regulators made last-minute enquiries regarding previous statements, sending its shares lower. The rare move comes as Credit Suisse has endured a barrage of problems in […]

International Women’s Day Celebrated at SNGPL Head Office

  Lahore (PNI) An event was organized at the SNGPL Head Office to mark International Women’s Day. Chairperson Board of Directors Roohi Raees Khan was chief Guest of the event. Speaking on the occasion, Chairperson Board of Directors Roohi Raees Khan said that women are […]