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Apple, Google agree to pay over $300m to settle conspiracy lawsuit SAN FRANCISCO: Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin.The settlement was disclosed in a court filing earlier on Thursday, which did not spell out terms.Tech workers filed a class action lawsuit against Apple Inc , Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired to refrain from soliciting one another's employees in order to avert a salary war.Trial had been scheduled to begin at the end of May on behalf of roughly 64,000 workers. Had the case gone to trial, plaintiffs would have asked a jury to award roughly $3 billion in damages, according to court filings. Under antitrust law, that could have ...


37 dead as Pakistan jets target Taliban hideouts PESHAWAR: The Pakistani military attacked Taliban hideouts in Khyber Agency with fighter jets and ground forces on Thursday and killed at least 37 suspected militants, officials said.The airstrikes hit mountainous areas of the Khyber tribal district."First jet fighters were used early in the morning and then ground troops were sent to the area," a senior security official in Peshawar told AFP on condition of anonymity.Military sources said at least 37 militants were killed and 18 ...

Gunmen kill four policemen in Quetta QUETTA: Gunmen shot dead four policemen Thursday in Quetta which has been hit by an insurgency for almost a decade, officials said.The shooting took place when police on routine patrol were passing from the town of Chattar in Naseerabad district, some 200 kilometres (120 miles) south of provincial capital Quetta."Four policemen were martyred when two gunmen on a motorcycle ambushed their vehicle in Chattar area," local police station chief Ali Hassan told AFP.The police were ...

PM chairs meetings on Pak-China Economic Corridor, law and order situation in Balochistan GAWADAR: Prime Minister Muhammad Nawaz Sharif chaired high-level meetings regarding Pak-China Economic Corridor and the law and order situation in Balochistan here on Thursday.The Prime Minister was also briefed about the ongoing development projects in Balochistan, especially in Gawadar.The meeting was also attended by Minister for Finance, Senator Ishaq Dar, Minister for Information, Broadcasting and National Heritage, Senator Pervaiz Rashid, Minister for Planning and Development, Ahsan Iqbal, Chief of the Army Staff General Raheel Sharif ...

Gawadar to be developed as a `free port': PM GAWADAR: Prime Minister Muhammad Nawaz Sharif on Thursday said the present government plans to develop Gawadar as a `Free Port' on the lines of Dubai, Singapore and Hong Kong ports.The Planning Commission has been tasked with the exercise to hire international consultants for this purpose, he said while talking to media-persons here after attending a briefing on the pace of on-going development projects in Balochistan.Chief Minister Balochistan, Dr. Abdul Malik and Chief of the Army ...

Khurram stresses business community to explore world market ISLAMABAD: Federal Minister for Commerce, Engineer Khurram Dastgir Khan stressed the business community to explore the world market for promoting trade and business culture in the country."The government wants to trade with the whole world and there are many areas where we have a huge opportunity to penetrate in the markets", he said while addressing the business community here at Islamabad Chamber of Commerce and Industry on Thursday.He, however was of the view that without ...


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln