Business & Economy

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 […]

ISLAMABAD, Aug 11 (APP): Minister of State for Foreign Affairs Hina Rabbani Khar chaired a meeting of the National Financial Action Task Force (FATF) Coordination Committee here at the Ministry of Foreign Affairs on Thursday. The Minister of State was given detailed briefings on the […]

Addis Ababa, Aug 11 (AFP/APP): Ethiopia kickstarted electricity production from the second turbine at its controversial mega-dam on the Blue Nile on Thursday, despite continuing objections by Egypt and Sudan over the project. Prime Minister Abiy Ahmed also confirmed that a third filling of the […]

ISLAMABAD, August 06 (Online): Federal Board of Revenue (FBR) has decided to take action against over 100 big retailers in the country. According to FBR, the process of import consignment clearance has been started at ship yards and custom stations. The FBR while seeking report […]

KARACHI, August 5 (Online): As a landmark, and first of its kind, initiative in Pakistan’s capital market landscape, Pakistan’s first digital aggregator platform for mutual funds – “Emlaak Financials” – was formally inaugurated by Honorable Federal Minister for Finance and Revenue Dr. Miftah Ismail, today […]

PESHAWAR, August 05 (ONLINE): The World Bank will start 2 hydropower projects of 245 megawatts in Swat district this year, the completion of which will generate an annual income of more than 13 billion rupees to the province. In this regard, the World Bank Mission […]

ISLAMABAD, Aug 5 (APP):Ministry of National Food Security and Research (NFS&R) submitted a summary on supply of milling wheat from Russia on G2G basis to the Economic Coordination Committee (ECC) of the Cabinet here Friday. The committee which met with Federal Minister for Finance and […]

ISLAMABAD, Aug 05 (APP): Ambassador of Denmark to Pakistan Lis Rosenholm called on Federal Minister for Economic Affairs Sardar Ayaz Sadiq in his office on Friday. The Inter-Governmental Framework Agreement between Denmark and Pakistan and matters of mutual interest were discussed in the meeting, said […]