Business & Economy

Berlin, July 24 (AFP/APP): Adidas said on Monday that its second-quarter operating profit plunged but that thanks to selling part of its huge inventory of Kanye West’s Yeezy products it now expects a lower annual loss. The German sports footwear and apparel giant said its […]

KARACHI July 23 (Online): European Union Safety Agency (EASA) has cleared Pakistan International Airline (PIA) audit which is major development to restore airline’s flight to Europe. EASA made PIA audit few months ago. EASA will visit Pakistan for physical audit of Pakistan’s CAA. After successful […]

Prime Minister Shahbaz Shareef chaired second Apex Committee meeting of Special Investment Facilitation Council (SIFC) to approve various investment projects of friendly countries. Chief of Army Staff (COAS), Chief Ministers, Federal and Provincial Ministers and high-level government officials attended the meeting. Committee expressed satisfaction on […]

ISLAMABAD July 21 (Online): Prime Minister Muhammad Shehbaz Sharif says Pakistan has all the ingredients to increase its IT exports to the tune of 25 billion dollars in two to three years. In a tweet on Monday, he said the National Seminar on untapping the […]

ISLAMABAD 16 July (Online): Prime Minister Shehbaz Sharif has directed to establish one window operation facilitation centers to resolve exporters’ problems. He gave these instructions, while talking to a delegation of Sialkot Chamber of Commerce and Industries and parliamentarians from the city of Iqbal, which […]

KARACHI, July 15 (Online): Foreign Minister Bilawal Bhutto Zardari laid the foundation stone of Dhabeji Special Economic Zone in Thatta district today. Speaking on the occasion, he said 150,000 employment opportunities will be created from this economic zone for the local people. Bilawal Bhutto said […]

ISLAMABAD, JULY 14 (ONLINE): IMF Director Communication Ms Julie Kozak has said IMF is always ready to work with Pakistan and the Pakistani government on these efforts for revival of economic stability. “Pakistan is facing multiple challenges. Reforms will be needed. We are ready to […]

New York, July 14 (AFP/APP): JPMorgan Chase reported a jump in second-quarter profits Friday on surging income tied to higher interest rates as executives described the US economy as “resilient” but facing risks. Profits were $14.5 billion, up 67 percent from the year-ago period, while […]

TOKYO, July 14 (Xinhua/APP) –: Tokyo stocks were slightly lower after the close on Friday, weighed down by export-related shares with the yen strengthening to a fresh two-month high against the U.S. dollar. The 225-issue Nikkei Stock Average inched down 28.07 points, or 0.09 percent, […]