Business & Economy

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, […]

DHAKA, July 14 (Xinhua/APP) –: Bangladesh’s central bank has revealed a drastic drop of over 6 billion U.S. dollars in the country’s foreign exchange reserves. Bangladesh Bank (BB) in a website post on Thursday said, “The country’s reserves reached 23,567.53 million as of July 12, […]

KARACHI, Jul 13 (APP):The total liquid foreign reserves of Pakistan rise to US$ 9,838.5 million as of July 07, 2023 while inflows of $ 4.2 billion were received from Saudi Arabia, UAE and IMF to be incorporated in the central bank’s reserves report in the […]

KARACHI (PNI) Qaisar Shams Ghucha, Chairman, Pakistan Yarn Merchants Association (PYMA), has emphasized the importance of political stability for economic growth. He stated that Pakistan should take measures to control fluctuations in the value of the dollar, and both exporters and industries should be granted […]

Islamabad, July 12 (Online): Finance Minister Ishaq Dar announced on Wednesday that the United Arab Emirates (UAE) has deposited $1 billion to the State Bank of Pakistan, saying that it would boost the country’s reserves. Taking to twitter Ishaq Dar said State Bank of Pakistan […]

Islamabad: 11th July, 2023 (Online): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired the meeting of the Executive Committee of the National Economic Council (ECNEC), today. Federal Minister for Commerce Syed Naveed Qamar, SAPM on Finance Tariq Bajwa, SAPM on Revenue Mr. […]

ISLAMABAD, Jul 11 (APP):An inquiry committee of the Competition Commission of Pakistan (CCP) on Tuesday concluded its inquiry and recommended the initiation of proceeding under Section 30 of the Competition Act, 2010 against urea manufacturers and the Fertilizers Manufacturers of Pakistan Advisory Council (FMPAC). This […]