Business & Economy

Islamabad, August 30, 2022 (Online): United States announced Rs 6.65b for providing urgent flood relief. “The United States is deeply saddened by the devastation caused by flooding throughout Pakistan. Through @USAID, we will provide $30 million more in life-saving humanitarian assistance to those who have […]

Copenhagen, Aug 30 (AFP/APP):Nations bordering the Baltic Sea agreed Tuesday to increase offshore wind energy to 20 gigawatts by 2030, as Europe seeks to wean itself off Russian gas following Moscow’s invasion of Ukraine. “We have agreed to increase offshore wind in the Baltic Sea […]

ISLAMABAD, Aug 30 (APP): Federal Minster for Finance and Revenue, Miftah Ismail on Tuesday presided over a meeting of steering committee on Kamyab Pakistan Program (KPP) at Finance Division. Chairman NAPHDA Lt Gen Anwar Ali Hyder, Chairman Akhuwat Dr. Amjad Saqib, President BOP, Zafar Masood, […]

Moscow, Aug 30 (AFP/APP): Russian energy giant Gazprom said it would suspend gas supplies to France’s main provider Engie from Thursday after it failed to pay for all deliveries made in July. “Gazprom Export has notified Engie of a total suspension of gas supplies from […]

ISLAMABAD, Aug 30 (APP): The Sri Lankan government has decided to establish a State-Owned Enterprise Restructuring Unit to help with the restructuring of state-owned enterprises, President Ranil Wickremesinghe said on Tuesday while presenting the Interim Budget 2022 in the parliament. Wickremesinghe said about 556,000 U.S. […]

SAN FRANCISCO, Aug 30 (XINHUA/APP): Boeing on Monday announced an order from UPS for eight more 767 Freighters, and the incremental order will increase UPS’s 767 Freighter fleet to 108 airplanes. UPS will begin taking delivery of these new airplanes in 2025, with an additional […]

ISLAMABAD, Aug 30 (Online): Prime Minister (PM) Shahbaz Sharif has said revival of IMF program is not our goal but it is a step towards economic revival. He tweeted restoration of IMF program is vital for national economy. But is not a destination. It is […]

ISLAMABAD, Aug 30 (Online): Commerce ministry has worked out summary to import onion and tomato from Iran and Afghanistan. A meeting was held under the commerce minister Naveed Qamar here Tuesday to review the availability of tomato and onion in the country. During the meeting […]

ISLAMABAD, Aug 29 (Online): The Pakistan Economy Watch (PEW) on Monday said a recession in the US and EU will provide relief to the developing countries reeling under high oil and commodity prices. The interest rates are being continuously increased in the US to reduce […]

ISLAMABAD, Aug 29 (Online): FPCCI’s Presidential candidate Atif Ikram Sheikh on Monday said the government lacked resources to deal with the disaster and it cannot rehabilitate affected people and damaged infrastructure on its own. Other countries and international organizations should cooperate with Pakistan to enable […]