Business & Economy

BEIJING, Aug. 14 (Xinhua/APP): China’s output of power batteries surged 175.6 percent year on year to 253.7 GWh in the first seven months of the year, according to industry data. In the January-July period, 153.8 GWh of lithium iron phosphate batteries were produced, up 227.1 […]

Lahore (PNI) Sui Northern Gas Pipelines Limited (SNGPL) organized a flag hoisting ceremony at Head Office in Lahore to celebrate 75th Independence Day Anniversary of Pakistan. Managing Director SNGPL Ali J. Hamdani was chief guest of the ceremony. While addressing the event, Managing Director Ali […]

Washington, Aug 13 (AFP/APP): Rating agencies S&P and Fitch again lowered Ukraine’s credit rating Friday, deeming that the war-torn country’s debt restructuring agreement placed it one notch from default. S&P cut Ukraine’s rating to “SD” for selective default from “CC/C,” noting that a majority of […]

BEIJING, Aug. 13 (Xinhua/APP): The Agricultural Development Bank of China (ADBC), a rural policy bank, extended 14.9 billion yuan (about 2.21 billion U.S. dollars) in funds as of Friday to support infrastructure. The fund, established on July 20, has been funneled to 68 projects, mainly […]

ISLAMABAD – August 12 (ONLINE) The National Electric Power Regulatory Authority (Nepra) on Friday increased in electricity tariff by Rs9.90 per unit on account of the monthly fuel adjustment (MFA) for June 2022. According to the notification issued by the Nepra, CPPA had requested an […]

Islamabad, August 12 (ONLINE):: The U.S. government today announced a new $1 million grant in support of Pakistan’s ability to address natural disasters, such as the ongoing flooding. Funded by the U.S. Agency for International Development (USAID), this humanitarian assistance will build the resilience of […]

ISLAMABAD, Aug 12 (APP):Federation Board of Revenue (FBR) has categorically rebutted a news item appearing for the last couple of days in some newspapers with reference to the revision of SRO.1640(I)/2019 relating to China-Pakistan Free Trade Agreement (CPFTA). The subject news item gave an impression […]

London, Aug 12 (AFP/APP): Britain’s economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister. UK gross domestic product dropped 0.1 percent in the April-June period after a rise of 0.8 percent in the […]

Beijing, Aug 12 (AFP/APP):Revenue at Chinese telecom giant Huawei dipped by more than six percent in the first half of 2022, company figures showed Friday, as the Covid-19 pandemic and US-China trade rivalry hit sales. The company brought in 301.6 billion yuan ($44.8 billion), according […]

ISLAMABAD – August 11 (ONLINE) Rupee, which has been consistently recovering after falling to a record low last month, continued its upward momentum on Thursday. The local currency closed at Rs218.88 against the dollar in the interbank market, up Rs3.03 or 1.38 per cent, according […]