Business & Economy

Hamburg, Aug 19 (AFP/APP): German Chancellor Olaf Scholz said on Friday he believed he had been exonerated after being grilled by a committee on his potential role in a huge tax fraud scam that cost the government billions. Scholz had testified for the second time […]

Karachi (PNI) The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met yesterday to approve the condensed interim financial statements for the six months period ended June 30, 2022. With volumetric growth in average earning assets coupled with positive rate variance, NBP […]

SINGAPORE, Aug. 17 (Xinhua/APP): Singapore’s non-oil domestic exports (NODX) rose by 7 percent year on year in July, following a revised 8.5 percent growth in June, Enterprise Singapore, a government agency, reported on Wednesday. It is the 20th consecutive month for Singapore’s NODX to grow […]

BEIJING, Aug 17 (APP): China’s 70% of corn imports come from the United States and 29% from Ukraine but China’s demand for corn imports is gradually expanding amidst global political and social upheavals. In June this year, water-logging jeopardized maize yields in China’s north east […]

ISLAMABAD, Aug 17 (APP): President Dr Arif Alvi has held the National Bank of Pakistan (NBP) responsible for wrongdoing and maladministration in a case where an innocent and illiterate customer was swindled out of Rs 1 million by a branch manager while depositing the amount […]

ISLAMABAD, Aug 17 (APP): Lucky Cement Limited (LUCK) won the Environment Excellence Award at the 19th Annual Environment Excellence Awards 2022, organized by The National Forum of Environment and Health (NFEH). Lucky Cement received the award in recognition to its commitment towards sustainable development and […]

DHAKA, Aug 17 (XINHUA/APP):The International Monetary Fund (IMF) said that Bangladesh is not at risk of a Sri Lanka-like crisis. Bangladesh’s external position is “very different from several countries in the region,” said Rahul Anand, division chief in the IMF’s Asia and Pacific Department, while […]

ISLAMABAD, Aug 17 (APP): Pakistan rupee on Tuesday lost 99 paisa against the US dollar in the interbank trading and closed at Rs 214.88; against the previous day’s closing of Rs 213.89. According to the Forex Association of Pakistan (FAP), the buying and selling rates […]

NEW YORK, Aug. 17 (Xinhua/APP) –:U.S. stocks finished mixed on Tuesday as investors digested a slew of economic data. The Dow Jones Industrial Average increased 239.57 points, or 0.71 percent, to 34,152.01. The S&P 500 rose 8.06 points, or 0.19 percent, to 4,305.20. The Nasdaq […]

LAHORE, Aug 16 (Online): Recent hike in the price of petroleum products has been challenged in the court. A miscellaneous petition has been filed through Azhar Siddique advocate taking the plea that increasing the price of petroleum products by government will further boost the inflation. […]