Business & Economy

Brussels, Feb 1 (AFP/APP): The eurozone annual inflation rate fell for a third consecutive month to reach 8.5 percent in January, beating expectations, the EU’s statistics agency said Wednesday. Consumer prices dropped from the 9.2-percent rate recorded in December, helped by a continued slowdown in […]

ANKARA, Feb 1 (AA/APP): The euro area manufacturing purchasing managers’ index (PMI) was confirmed at 48.8 in January, indicating the weakest pace of contraction since August, final data from S&P Global showed on Wednesday. The figure was up 47.8 in December 2022, but was still […]

ISLAMABAD, Feb 1 (APP):The Central Directorate of National Savings (CDNS) has digitized National Savings Certificates (NSCs) for the convenience of consumers and to modernize the institutional process. The CDNS and Central Depository Company of Pakistan Limited (CDCP) have signed an agreement to start a pilot […]

Islamabad, Jan 31 (Online): The Securities and Exchange Commission of Pakistan (SECP) has formed a working group to explore the possibilities and mechanism for effective implementation of “Motor Third Party Liability (TPL) Insurance” in the country. The group, comprises industry experts, representatives of Insurance Association […]

ISLAMABAD, Jan 31 (APP):The Finance Ministry in its latest report on the state of the economy released here on Tuesday termed fiscal consolidation as the key to saving official reserves and exchange rate stability of the country. According to the monthly Economic Update and Outlook […]

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. […]