Business & Economy

NEW YORK,March 25 (Xinhua/APP):Oil prices decreased on Friday, but managed to notch a gain for the week. The West Texas Intermediate (WTI) for May delivery dropped 70 cents, or 1 percent, to settle at 69.26 U.S. dollars a barrel on the New York Mercantile Exchange. […]

PESHAWAR, March 24 (ONLINE): The construction of Koto power plant in Dir Lower district of Khyber Pakhtunkhwa has entered the final stage of completion. After successful completion at the end of this year, the project will start producing 40.8 megawatts of cheap electricity, which will […]

Islamabad, March 24 (Online): The Pakistan Economy Watch (PEW) on Friday said the IMF is being used as a weapon against Pakistan. The ever-increasing demands of the international institution have left our government helpless, it said. IMF is ruining Pakistan’s economy by delaying the deal […]

Santo Domingo, March 24 (AFP/APP): Addressing a food crisis affecting a fifth of Latin America’s population featured high on the agenda of an Ibero-American leaders summit that started in the Dominican Republic on Friday. According to the United Nations’ Food and Agriculture Organization, Latin America […]

London, March 24 (AFP/APP): Bank shares tumbled on Friday, jolting stock markets as fears about the health of the financial sector resurfaced, with Deutsche Bank now in the eye of the storm. Markets had rallied earlier this week after financial authorities took steps aimed at […]

PESHAWAR, March 23 (Online): The caretaker government of KP has linked the taking over charge of Peshawar Electricity Supply Company (PESCO) and Tribal Electricity Supply Company (TESCO) to power houses. KP government sources said PESCO and TESCO are running in huge loss. KP government is […]

Tharparkar, March 22 (Online): Prime Minister Shehbaz Sharif and Foreign Minister Bilawal Bhutto Zardari jointly inaugurated 1650 Mega Watts Shanghai Electric Thar and Thal Nova Thar projects in Tharparkar on Wednesday. Built with a total direct investment of 3.53 billion dollars, these coal-fired projects will […]

ISLAMABAD, March 22 (Online): President Arif Alvi has accorded approval to restructuring of National Economic Council (NEC). The restructuring has been made due to induction of new governments in KP and Punjab. SM Tanvir minister for energy, industries, commerce of Punjab and Himayat Ullah Khan […]

KARACHI, Mar 22 (APP): The State Bank of Pakistan, on Wednesday, announced office business hours during Ramazan-ul-Mubarak The Central Bank, in a statement issued here, announced that in wake of the ensuing holy month of Ramazan-ul-Mubarak 1444 AH, the State Bank of Pakistan as well […]

BEIJING, Mar 22 (Xinhua/APP): The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 48 pips to 6.8715 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to […]