Business & Economy

BEIJING, Mar 22 (Xinhua/APP): The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 48 pips to 6.8715 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to […]

London, March 22 (AFP/APP): British annual inflation unexpectedly accelerated in February despite central bank efforts to tame a growing cost-of-living crisis, official data showed Wednesday. The Consumer Prices Index (CPI) rose by 10.4 percent in the 12 months to February 2023, up from 10.1 percent […]

Tunis, March 22 (AFP/APP): The eve of Ramazan is a frantic time for Tunisian coppersmith Chedli Maghraoui, who skilfully puts a new shine on families’ favourite kitchenware before the Muslim holy month starts. From couscous pots to beloved tea sets, the metalware gets a professional […]

Lahore (PNI) Sui Northern Gas has announced special initiatives to ensure uninterrupted gas supply to its consumers during the holy month of Ramzan. The company will be undertaking immediate measures to ensure gas supply with full pressure. SNGPL spokesperson, in a statement, said that domestic […]

Washington, March 21 (AFP/APP): The US banking sector is “stabilizing” after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen will tell a summit Tuesday, according to prepared remarks. The collapses caused a crisis of confidence, with […]

BEIJING, March 21 (Xinhua/APP) –: China’s railways saw steady growth in passenger trips and freight volume in February, official data showed. Last month, the railways operated 272.97 million passenger trips, surging 43.3 percent year on year, according to the National Railway Administration. In the first […]

COLOMBO, MARCH 21 (Xinhua/APP): Sri Lanka will receive the first tranche of the IMF Extended Fund Facility (EFF) within the next two days, IMF senior mission chief for Sri Lank Peter Breuer said on Tuesday. Sri Lanka will immediately receive an initial disbursement of about […]

ISLAMABAD, Mar 21 (APP): The Pakistan rupee gained 11 paisa against the dollar in the interbank trading on Tuesday and closed at Rs 283.92 against the previous day’s closing of Rs 284.03 According to the Forex Association of Pakistan (FAP), the buying and selling rates […]

Geneva, March 20 (AFP/APP):UBS’s emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country’s biggest bank and financial sector as a whole. Switzerland was in shock after its largest bank agreed […]

Rawalpindi (PNI) Torrential rains and flash flooding had inundated a third of Pakistan last year with huge losses to life and property of the victims. Fauji Fertilizer Company (FFC) has a long history of standing with underprivileged community in testing times. As part of recent […]