Business & Economy

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 […]

LAHORE, JAN 30 (Online): Railways Minister Khawaja Saad Rafique has said that present government is striving hard to improve condition of Pakistan Railways. He stated this while addressing Railways first ever Branding Conference under the aegis of RAILCOP, Railways Pakistan in Lahore on Monday. He […]

Islamabad, 30th January, 2023 (Online): Federal Minister for Finance and revenue, Senator Mohammad Ishaq Dar chaired a meeting on the Telecom sector at the Finance Division today. Federal Minister for IT and Telecommunication, Syed Amin Ul Haque, Federal Minister for Law and Justice Senator Azam […]

London, Jan 30 (AFP/APP): Irish no-frills airline Ryanair said Monday that it rebounded into net profit in the third quarter of its financial year, buoyed by strong demand over the festive period. Ryanair logged a profit after taxation of 211 million euros ($229 million) for […]

Rawalpindi (PNI) Fauji Fertilizer Company Limited (FFC) has announced its financial results for the year ended December 31, 2022 in its Board of Directors meeting held on January 30, 2023. The year 2022 was full of challenges ranging from socioeconomic, geopolitical, governmental and environmental factors. […]

KARACHI, Jan 30 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Monday. CONVERSION RATES FOR JANUARY 30, 2023 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE […]

ISLAMABAD, Jan 27 (APP): The Central Development Working Party (CDWP) approved seven development projects worth Rs 22.16 billion during its meeting held on Friday under the chairmanship of Federal Minister for Planning Development and Special Initiatives Professor Ahsan Iqbal. The meeting was attended by the […]

ISLAMABAD 28 Jan (Online): Economic Coordination Committee (ECC) Chairman and Finance Minister Ishaq Dar has lashed out at the tractor industry for its lack of response despite getting several incentives. A number of initiatives had been taken but the tractor industry remained “non-responsive” and now […]

NEW YORK 28 Jan (Online): Oil prices reversed earlier gains on Friday as indications of strong Russian oil supply offset better than expected US economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. Brent futures were down […]

NEW YORK, Jan. 27 (Xinhua/APP) –: Oil prices advanced on Thursday, bolstered by positive sentiment. The West Texas Intermediate (WTI) for March delivery gained 86 cents, or 1.07 percent, to settle at 81.01 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude […]