Business & Economy

Washington, June 7 (AFP/APP): The global economy risks falling into a harmful period of 1970s-style “stagflation,” the World Bank warned Tuesday as it slashed its annual growth forecast. The toxic combination of weak growth and rising prices could trigger widespread suffering in dozens of poorer […]

NEW YORK,June 7 (Xinhua/APP):Oil prices declined on Monday, giving up some of the gains they had scored in the prior week. The West Texas Intermediate for July delivery lost 37 cents, or 0.3 percent, to settle at 118.50 U.S. dollars a barrel on the New […]

HANOI, June 7 (Xinhua/APP): Vietnam spent nearly 3.7 billion U.S. dollars on importing completely-built automobiles and components for assembly in the first five months of this year, posting a year-on-year decrease of 0.2 percent. Specifically, the country imported 55,989 completely-built automobiles worth more than 1.4 […]

Rswalpindi (PNI) Fauji Fertilizer Company Limited (FFC) under its CSR budget has successfully completed its social welfare projects at Sadiq Abad Goth Machi in three phases. The company truly believes that provision of healthcare, education and basic facilities is mandatory not only the responsibility of […]

Hong Kong, June 7 (AFP/APP):Asian markets struggled Tuesday on long-running worries over surging inflation and rising interest rates, which overshadowed hopes that China would ease off its regulatory drive against the country’s beleaguered tech giants. A spike in US Treasury yields took the wind out […]

KARACHI, Jun 07 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 200.45 199.95 EURO EUR 214.52 213.99 JAPANESE YEN JPY 1.5117 1.5079 BRITISH POUND GBP 250.73 250.10 […]

Tokyo, June 7 (AFP/APP): Tokyo shares opened higher Tuesday as the yen trended lower, offering tailwind to exporters, while investors eyed rising US yields. Tokyo shares opened higher Tuesday as the yen trended lower, offering tailwind to exporters, while investors eyed rising US yields. The […]

Islamabad, June 06, 2022 (Online): The Government and SBP refute baseless claims circulating on social media regarding Foreign Currency Accounts, Roshan Digital Accounts and Safety Deposit Lockers. The Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts […]

ISLAMABAD, Jun 6 (APP): Ministry of Finance will hold a pre-budget conference on Business, IT and Agriculture today to take inputs and suggestion from stakeholder. The objective of this conference is to provide a platform to agriculturists, IT experts and businessmen to share and exchange […]

ISLAMABAD, Jun 6 (APP): Federal Minister for Finance and Revenue Miftah Ismail on Monday said the government was out of financial crisis now after raising the petroleum prices twice. In a tweet, he said that Prime Minister Shehbaz Sharif would at some point announce austerity […]