Business & Economy

KARACHI, Feb 02 (APP): Federal Minister for Finance Ishaq Dar on Thursday called for elimination of interest-based system from the country, said, a bank which only had 100 branches in the past, after introduction of Islamic consumer banking, now successfully operating with over 1000 branches. […]

ISLAMABAD, Feb 2 (APP): Finland Ambassador to Pakistan Hannu Ripatti on Thursday said that the Finland government has planned to establish direct trade activities with Pakistan by removing third-party involvement. Talking to APP, he said the Business Council of Finland will host a business summit […]

RIYADH, Saudi Arabia – February 1 (ONLINE) Saudi National Bank reported a 46.7 percent increase in net profit in 2022 to SR18.6 billion ($4.96 billion) from SR12.7 billion in 2021, spurred by higher operating income and a decline in provisions for expected credit losses. The […]

Washington, Feb 1 (AFP/APP):Activity in the US manufacturing sector shrank for a third straight month in January, hovering at the lowest levels since May 2020 as new orders and production slumped, according to survey data released Wednesday. The gloomy figure comes as demand softens on […]

Brussels, Feb 1 (AFP/APP): The eurozone annual inflation rate fell for a third consecutive month to reach 8.5 percent in January, beating expectations, the EU’s statistics agency said Wednesday. Consumer prices dropped from the 9.2-percent rate recorded in December, helped by a continued slowdown in […]

ANKARA, Feb 1 (AA/APP): The euro area manufacturing purchasing managers’ index (PMI) was confirmed at 48.8 in January, indicating the weakest pace of contraction since August, final data from S&P Global showed on Wednesday. The figure was up 47.8 in December 2022, but was still […]

ISLAMABAD, Feb 1 (APP):The Central Directorate of National Savings (CDNS) has digitized National Savings Certificates (NSCs) for the convenience of consumers and to modernize the institutional process. The CDNS and Central Depository Company of Pakistan Limited (CDCP) have signed an agreement to start a pilot […]

Islamabad, Jan 31 (Online): The Securities and Exchange Commission of Pakistan (SECP) has formed a working group to explore the possibilities and mechanism for effective implementation of “Motor Third Party Liability (TPL) Insurance” in the country. The group, comprises industry experts, representatives of Insurance Association […]

ISLAMABAD, Jan 31 (APP):The Finance Ministry in its latest report on the state of the economy released here on Tuesday termed fiscal consolidation as the key to saving official reserves and exchange rate stability of the country. According to the monthly Economic Update and Outlook […]

Oslo, Jan 31 (AFP/APP): Norway’s sovereign wealth fund, the world’s largest, said Tuesday it recorded a loss of 1.637 trillion Norwegian kroner ($164 billion) in 2022, the largest since its creation, citing volatile markets. “2022 was a truly dramatic year in the world. It affected […]