Business & Economy

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 […]

LAHORE, Aug 29 (Online): : Initiating the support for flood affectees in the country, the Pakistan Industrial and Traders Associations Front (PIAF) on Monday established the ‘Flood Relief Fund’ with an initial amount of Rs12 million in this regard. PIAF Chairman Faheem Ur Rehman Saigol, […]

LAHORE Aug 28 (Online): President British-Pakistan Friendship Council North West UK Muhammad Arbab Khan Sunday disclosed that the United Kingdom has launched a “Developing Countries Trading Scheme”(DCTS) commencing early next will provide tariff reduction and simpler terms of trade to 65 countries including Pakistan. Talking […]

Madrid, Aug 28 (AFP/APP): Iberia Express, the low-cost arm of Spain’s national carrier, cancelled eight domestic flights Sunday as cabin crew launched a 10-day strike for higher wages amid soaring inflation. The walkout, which will run from August 28 to September 6, is expected to […]

LAHORE, Aug 28 (APP): Pakistan Railways will start receiving first shipment of 320 new passenger coaches from China from December this year. PR spokesperson informed on Sunday that the coaches had been ordered to a Chinese company. He said the modern coaches would be equipped […]