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first quarter

T-Mobile says Sprint deal may close as early as first-quarter next year

T-Mobile US’s Chief Financial Officer said there is a possibility that its $26 billion acquisition deal of Sprint will close as early as the first quarter of 2019. T-Mobile, majority owned by Deutsche Telekom AG, agreed in April to buy wireless carrier Sprint and the deal was initially expected to close in the first half of 2019. The Federal Communications Commission (FCC) and the Department of Justice are currently scrutinizing the deal. “The only remaining thing that is happening is depositions with the DoJ, which…

Overseas Pakistani workers remit $4.7 billion in first quarter of FY17

KARACHI: Overseas Pakistani workers remitted US$4698.31 million in first three months (July to September) of FY17, compared with US $4965.81 million received during the same period in the preceding year. During September 2016, the inflow of worker’s remittances amounted to US$1609.29 million, which is 8.60% lower than August 2016 and 9.34% lower than September 2015. The country wise details for the month of September 2016 show that inflows from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and…