Business & Economy

WASHINGTON, April 25 (Xinhua/APP) –:The U.S. Federal Reserve’s action to raise interest rate faster than expected would lead to financial “complexities” for Asia economies, especially those with debt in foreign currency, an International Monetary Fund (IMF) official said Monday evening. “Monetary tightening in advanced economies,” […]

New York, April 25 (AFP/APP): Twitter shares rose Monday following reports the company is poised to accept Elon Musk’s takeover offer, a dramatic shift after the board organized a “poison pill” to ward off the billionaire entrepreneur’s hostile buyout bid. The deal, which outlets including […]

ISLAMABAD, Apr 25 (APP): Minister for Finance Miftah Ismail on Monday said the government would devise a policy to increase the petroleum prices. The elite class having big vehicles could not be given subsidy, however, those using less petrol such as motorcyclists would be given […]

ISLAMABAD 22 April (ONLINE): Federal Minister for Planning and development Ahsan Iqbal has invited predecessor Asad Umer on farewell dinner on the day and time of his convenience. Ahsan Iqbal wrote a letter on Friday to Asad umer while showing hope of positive response. In […]

The Hague, April 22 (AFP/APP): A Dutch court on Friday declared the Russia-owned, Dutch-registered Amsterdam Trade Bank bankrupt after it was caught up in Ukraine-related sanctions. Amsterdam’s district court made the ruling on the subsidiary of Russia’s Alfa Bank in a decision confirmed by the […]

Washington, April 22 (AFP/APP): Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF official told AFP. Alfred Kammer, head of the IMF’s European Department, urged countries in the region to take a […]

ISLAMABAD – April 22 (ONLINE) Federal Minister Syed Murtaza Mehmood said Friday country’s auto-industry will mark immense progress through new auto-policy. According to details, CEO Engineering Development Board on Friday briefed the federal minister on auto-industry’s performance and yield. Minister was told through briefing that […]

LAHORE – April 22 (ONLINE) The Lahore Chamber of Commerce and Industry (LCCI) Friday feared that the dollar surge could reignite high inflation and halt growth by hitting all the important sectors of the economy. In a statement issued here, the LCCI President Mian Nauman […]

NEW YORK, April 22 (Xinhua/APP) –: Oil prices climbed on Thursday as market participants weighed risks both on the supply and the demand sides. The West Texas Intermediate for June delivery added 1.6 U.S. dollars, or nearly 1.6 percent, to settle at 103.79 dollars a […]

ISLAMABAD, Apr 20 (APP): Federal Minister for Finance and Revenue, Miftah Ismail said here on Wednesday that the government would make all out efforts to restore the Extended Fund Facility (EFF) programme with International Monetary Fund (IMF). Speaking at ‘Meet the Press’ organized by National […]