Business & Economy

Beirut, March 14 (AFP/APP):The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, foreign exchange dealers said, as banks in the crisis-hit country resumed an open-ended strike. The Lebanese pound, officially pegged at 15,000 to the dollar, was trading […]

London, March 13 (AFP/APP):The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday. The deal, overseen by the Bank of England and the Treasury, comes […]

BERLIN,March 13 (AA/APP) –:“Germany will leave the problem of unemployment behind in the next few years,” Scholz told a news conference after a two-day Cabinet meeting at Schloss Meseberg outside Berlin. “There is a lot to do for which we need a lot of women […]

Washington, March 12 (AFP/APP): US Treasury Secretary Janet Yellen on Sunday said the government wanted to avoid financial “contagion” from the implosion of the Silicon Valley Bank but ruled out a bailout of the institution. US regulators on Friday took control of SVB — a […]

ISLAMABAD, Mar 12 (APP): Oil and Gas Development Company Limited (OGDCL) has drilled four exploratory wells and made three discoveries with an expected production potential of 3,007 BPD oil and 2.7 MMCFD gas during the first half of the current fiscal year, ending on December […]

ISLAMABAD, Mar 12 (APP): The Coordinator to Federal Tax Ombudsman and Chairman of Kyrgyzstan Trade House Meher Kashif Younis on Sunday stressed the urgent need for evolving a charter of the economy, a charter of democracy and enforcing them effectively studded with a jewel of […]

ISLAMABAD, Mar 12 (APP): The Federation of Pakistan Chamber of Commerce and Industry’s United Business Group (UBG) Chairman Shahzad Ali Malik on Sunday called for urgent action to protect biodiversity and for member states to include biodiversity protection in all areas of the global economy. […]

HYDERABAD, Mar 10 (APP):Speakers at an awareness seminar emphasized the need of providing training on modern lines to the agricultural labour force for mango plantations so that healthy plants could enhance mango production and improve the socio-economic condition of the peasants. The speakers emphasized this […]

DOHA, Mar 10 (SPA/APP):Minister of Economy and Planning Faisal bin Fadhel Al-Ibrahim and Minister of Commerce and Industry of the State of Qatar Sheikh Mohammed bin Hamad Al Thani on Friday discussed strengthening relations in several fields between the two brotherly countries. The meeting, on […]

Zurich, March 9 (AFP/APP): Credit Suisse delayed on Thursday the release of the scandal-hit bank’s 2022 annual report after US regulators made last-minute enquiries regarding previous statements, sending its shares lower. The rare move comes as Credit Suisse has endured a barrage of problems in […]