Business & Economy

Islamabad, May 3 (Online): Masatsugu Asakawa, President, Asian Development Bank (ADB), in his meeting with the Pakistan delegation led by Dr. Kazim Niaz, Secretary, Economic Affairs Division (EAD), reaffirmed ADB’s continued support to Pakistan. The meeting took place on the sidelines of the 56th Annual […]

Paris, May 3 (AFP/APP): European aircraft manufacturer Airbus said Wednesday its revenues and net profit fell during the first quarter of the year as deliveries dropped amid continuing supply chain difficulties. The company delivered 127 aircraft in the first three months of this year, down […]

ISLAMABAD, May 03 (APP): The Securities and Exchange Commission of Pakistan (SECP) has approved the regulatory framework for online-only brokers through amendments to the Pakistan Stock Exchange (PSX) Rulebook, paving the way for the launch of Online Only Brokers in Pakistan. “Cognizant of the growing […]

BEIJING, May 3 (APP):Over 100 Chinese enterprises and companies are expected to participate in the 4th International Textile Exhibition, also known as TEXPO 2023, scheduled to be held in Karachi next month. “Around 70 Chinese enterprises have already consented to attend the TEXPO while over […]

Washington, May 2 (AFP/APP): President Joe Biden, the Republicans and the US economy were on a disastrous collision course Tuesday after the White House made clear it will not negotiate over extending the nation’s debt limit. Treasury Secretary Janet Yellen warns that the government will […]

SYDNEY,May 2 (Xinhua/APP): After keeping the interest rate on hold last month, the Reserve Bank of Australia (RBA) on Tuesday announced the decision to lift the cash rate target by 25 basis points to 3.85 percent, with the rate paid on Exchange Settlement balances also […]

London, May 2 (AFP/APP): British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion. The company had posted for the first […]

Islamabad (PR) MindStir, Co-working Space, a leading provider of flexible workspace solutions, has announced that it has reached full capacity within a year of its establishment. The space has quickly become a hub for entrepreneurs, freelancers, startups, and small businesses, offering a collaborative and innovative […]

New York, May 1 (AFP/APP):US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system. First Republic became the second-largest bank by assets […]

Islamabad, May 01, 2023 (Online): Pakistan Sugar Mills Association (Centre) has categorically rejected a news item which appeared in a section of the media that the current surge in the prices of sugar is due to the export of the commodity. In a statement, PSMA […]