Business & Economy

Islamabad, Mar 2 (Online): The decrease in foreign exchange reserves has become a major threat to domestic exports. German Ambassador Alfred Grannas wrote a warning letter to the Federal Minister of Economic Affairs. He threatened serious economic consequences for not opening the LC for German […]

Brussels, March 2 (AFP/APP):Surging food costs dashed hopes of a steeper fall in the eurozone’s annual inflation rate in February. Inflation was down to 8.5 percent last month from 8.6 percent in January, but the analyst consensus forecast compiled by financial data firm FactSet was […]

BEIJING, March 2 (Xinhua/APP):– China’s benchmark prices for spot interbank gold transactions were higher Thursday, according to the China Foreign Exchange Trade System. The benchmark price for gold that is 99.95 percent pure or above stood at 414 yuan (about 60.17 U.S. dollars) per gram, […]

SLAMABAD, Mar 01 (APP): Among other decision, the Economic Coordination Committee (ECC) of the Cabinet here on Wednesday approved Ramazan Relief Package and a uniform procurement price of wheat crop 2022-23 at Rs 3900/40 kilogram. According to a press statement issued by the finance ministry, […]

ISLAMABAD, Feb 27 (APP):The 100-index of the Pakistan Stock Exchange (PSX) on Monday gained 76.37 points, a slight positive change of 0.19 per cent, closing at 40,784.13 points against 40,707.76 points the previous day. A total of 158,084,396 shares were traded during the day as […]

ISLAMABAD, Feb 25 (Online): Pakistan has accepted IMF demand to enhance interest rate by two percent. Staff level agreement will be reached after the matters of power sector are settled. The talks are likely to be completed next week. According to finance ministry sources the […]

ISLAMABAD, Feb 24 (APP):The Securities and Exchange Commission of Pakistan (SECP) held a thematic workshop to demonstrate the prototype of re-designed digital regulatory processes for Limited Liability Partnership (LLP), company registration and filing, and compliance. Under its digitization program, “Leading Efficiency through Automation Prowess (LEAP),” […]

Stockholm, Feb 24 (AFP/APP): Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting programme as financial headwinds push operators to rein in spending. Ericsson, which had a total of 105,000 employees at the end of 2022, last month […]

ISLAMABAD 23 Feb (Online): Shares at the Pakistan Stock Exchange (PSX) slid on Thursday on fears that the central bank may raise the policy rate, which is already at a 25-year-high of 17 per cent, in an off-cycle review. The benchmark KSE-100 index lost 329.09 […]

Geneva, Feb 23 (AFP/APP): Russia’s war in Ukraine did not dent global trade in 2022 as badly as feared, the World Trade Organization said Thursday — and Russia’s export values even surged. A year on since the full-scale invasion, the WTO concluded that trade had […]