Business & Economy

Moscow, Dec 7 (AFP/APP): Russia’s oil giant Rosneft said on Wednesday its profit over the past nine months had been badly hit by the seizure of its German-based refineries by Berlin. “In 3Q 2022, the most significant negative impact on income came from the transfer […]

Washington, Dec 6 (AFP/APP): The external debt of developing economies has more than doubled from a decade ago to $9 trillion in 2021, the World Bank said Tuesday, warning the debt crisis facing these countries has intensified. The pandemic has forced many countries to take […]

ISLAMABAD, Dec 6 (APP):The Finance Division on Tuesday strongly rebutted the false assertions made in a message circulated on social media, and categorically denied that there was no planning to impose economic emergency in the country. “The message is unfortunately aimed at creating uncertainty about […]

ISLAMABAD, Dec 06 (APP): The Executive Committee of the National Economic Council (ECNEC) here on Tuesday approved several projects related to emergency food assistance, road infrastructure, human resource development, social protection and irrigation. The meeting of the council was chaired by Federal Minister for Finance […]

Nairobi, Dec 6 (AFP/APP): The capital of Ethiopia’s Tigray region has been reconnected to the national power grid after more than a year of cuts caused by war, the country’s electricity operator said on Tuesday. The announcement came a month after a peace deal between […]

ISLAMABAD, Dec 5 (APP):Minister of State for Petroleum Musadiq Malik on Monday said that Pakistan will hold talks with Russia for further improvement in energy projects besides the import of oil. Talking to a private television channel, he said a Russian delegation would visit Pakistan […]

ISLAMABAD, Dec 5 (APP):The Central Development Working Party (CWDP) on Monday approved six projects worth Rs 47 billion for the youth of the country. The meeting of the CDWP was held here, under the Chairmanship of Federal Minister for Planning Development & Special Initiatives, Professor […]

ISLAMABAD, Dec 04 (APP):United Nations High Commissioner for Refugees (UNHCR), in collaboration with Inspire Pakistan, arranged a colorful event ‘End of Year December Bazaar’ here on Sunday, showcasing refugee-made products and Pakistani businesses supporting refugees. The event aimed at entertaining participants through a cultural experience […]

Kyiv, Ukraine, Dec 3 (AFP/APP):A $60 price cap set on Russian oil agreed by the EU, G7 and Australia is not “serious” because it is “quite comfortable” for Moscow, Ukrainian President Volodymyr Zelensky said Saturday. “Russia has already caused huge losses to all countries of […]

Washington, Dec 2 (AFP/APP):US job gains were unexpectedly robust in November despite efforts to cool the economy, while unemployment held steady and wages ticked up, the government reported Friday. The figures provide little relief to officials who have been fighting to tamp down decades-high inflation […]