Business

$1.5 Million stolen from cryptocurrency funds

$1.5 Million stolen from cryptocurrency funds

WEBDESK – Not a good start of the year 2018 for Bitcoin and other cryptocurrency. At the end of 2017 Bitcoin was at the boom and it was looking unstoppable. That boom continued in the early weeks of 2018. Bitcoin touched the highest market value of $20,000 at the end of 2017. At that point the crypto market attracted millions. But the boom of bitcoin and other cryptocurrency lasted for few weeks as bitcoin dropped to $11,000 in few days. Other cryptocurrencies like Ethereum, Ripple, Litecoin, and Monero also effected with that crypto market…continue reading →
Do you really know the NPU in Huawei Kirin970?

Do you really know the NPU in Huawei Kirin970?

Huawei, the global technology leader has unveiled a new era in smartphone innovation at the IFA 2017. Alongside with revealing Huawei's vision for the future, CEO Richard Yu launched the all new Kirin 970 and the Artificial Intelligence (AI). The Kirin 970 will be launched in October, with the upcoming flagship device – HUAWEI Mate 10. The Neural-network Processing Unit (NPU), embedded in the revolutionary Kirin970 will focus on artificial intelligence tasks linked to the cloud and on the device for real-time calculations from end to end. This NPU is also dedicated for…continue reading →
EcoStar announces discounted prices for 4K UHD LEDs

EcoStar announces discounted prices for 4K UHD LEDs

Lahore - EcoStar electronics has recently announced big discounts on the prices of its 4k UHD LED’s. The consumers who want to buy their LED televisions can take great advantage from this special offer, to buy a wide range of world-class quality and cutting-edge feature-rich EcoStar 4K UHD LED TVs, at unbelievably low prices. During this discount offer, EcoStar’s 55UD925 is available at a discounted price of Rs. 89,000 only, instead of Rs. 97,000. Similarly, 55UD919 is available at Rs. 69,900 only, instead of Rs. 75,900. EcoStar’s 49UD920 is also available at Rs. 79,900, instead of Rs. 94,900. These 4K UHD LEDs’…continue reading →
Honda unleash new midsize SUV, BR-V in Pakistan

Honda unleash new midsize SUV, BR-V in Pakistan

WEB DESK – Auto giant Honda has just released its midrange SUV in Pakistani market. The new Honda BR-V is finally available in Pakistan after a long wait. Honda BR-V will have a 1.5 engine. Shinki Aoyama the chief executive officer of Honda said “The decision to introduce Honda BR-V in Pakistan is primarily to cater big families and diverse roads of Pakistan.” He was addressing to launching ceremony in Lahore. Midsize SUV’s are getting very good response in Pakistani market. Earlier another car maker Suzuki launched its midsize SUV Suzuki Vitara which…continue reading →
BMW keeps foot down for 2017 after record year

BMW keeps foot down for 2017 after record year

FRANKFURT AM MAIN (AFP) - German luxury carmaker BMW said Thursday it had boosted profits in 2016 on the back of record sales, offering an increased dividend and promising further growth this year. Net profit grew 8.0 percent over 2015's figure to reach 6.9 billion euros ($7.3 billion), the group said in a statement, as revenues grew a more modest 2.2. percent to reach 94.1 billion -- both new records for BMW. Operating, or underlying profit fell by 2.2 percent to 9.4 billion euros. Looking ahead to the current year, "we are again targeting a…continue reading →
Pakistan tapped world capital market four times: Ishaq Dar

Pakistan tapped world capital market four times: Ishaq Dar

LAHORE (APP): Federal Finance Minister Senator Muhammad Ishaq Dar said on Sunday that Pakistan had successfully tapped international capital market four times since 2014 and each time received overwhelming response. He was addressing the closing ceremony of “Colours of Indus 2017 Programme” here at the Governor’s House. Punjab Governor, Muhammad Rafique Rajwana and Ali Jamil from Young Presidents’ Organisation (YPO) also addressed the ceremony, while YPO delegates were also present. The federal minister termed the event an excellent way of showcasing rich cultural diversity and abundant opportunities, a growing and developing Pakistan offered…continue reading →
Pakistan wants Bahrain to join CPEC

Pakistan wants Bahrain to join CPEC

ISLAMABAD (DNA) – Pakistan has offered Bahrain to participate in China-Pakistan Economic Corridor (CPEC) and invest in hydropower plants and Thar coal power project in a joint ministerial session. The meeting was chaired by Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz and Bahrain’s Minister of Foreign Affairs Khalid bin Ahmed Al Khalifa Bahraini. Two contracts have been signed in the session under which both countries will cooperate with each other in 11 sectors including defense. Afterwards, Sartaj Aziz said in a press conference that CPEC will take this region, including…continue reading →
Hyundai to set up assembling plant in Pakistan

Hyundai to set up assembling plant in Pakistan

KARACHI – Nishat Mills and Korean automobile giant Hyundai have signed an agreement to set up an assembling plant in Pakistan. It is called to be a big breakthrough in Pakistani automobile industry. Hyundai motors will assemble passenger and commercial vehicles in Pakistan. The Hyundai plant will be established in three to two year and will bring 400 to 500 million dollars investment in the country. Since government has announced the auto policy many international auto brands are keen to invest in the auto sector of Pakistan. Nishat-Hyundai deal is also the result…continue reading →
Automotive giant Fiat Chrysler to invest $1 billion in US

Automotive giant Fiat Chrysler to invest $1 billion in US

NEW YORK (AA) - International automotive giant Fiat Chrysler announced Monday that it would invest $1 billion in its U.S. plants. The investment aims to "modernize" Fiat Chrysler's plants in the states of Michigan and Ohio, and will create 2,000 jobs, a company statement read. "We continue to reinforce the U.S. as a global manufacturing hub for those vehicles at the heart of the SUV and truck market,” CEO Sergio Marchionne said in the statement. Fiat Chrysler will be focusing more on manufacturing trucks and sport utility vehicles in those plants, according to Marchionne. The company invested more than $9.6 billion since…continue reading →
Oil prices fall as Iran’s exports undermined

Oil prices fall as Iran’s exports undermined

SINGAPORE (Reuters) - Oil prices fell on Monday as increased exports from Iran undermined efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for a 10th straight week. Brent crude futures <LCOc1> were trading at $56.70 per barrel at 0745 GMT, down 40 cents, or 0.7 percent, from their previous close. U.S. West Texas Intermediate (WTI) crude futures <CLc1> were trading at $53.59 per barrel, down 40 cents, or 0.74 percent. The lower prices were a result of rising exports from Iran that come…continue reading →