Business & Economy

Stockholm, July 5 (AFP/APP):Scandinavian airline SAS said Tuesday it has filed for so-called Chapter 11 bankruptcy proceedings in the United States, as a part of a restructuring plan, a day after pilots walked out on strike. In order “to proceed with the implementation of key […]

MANILA, Jul 5 (XINHUA/APP):The year-on-year inflation in the Philippines accelerated to 6.1 percent in June from 5.4 percent in May, mainly due to higher prices in food and non-alcohol beverages and transport, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa said […]

SEOUL, Jul 5 (XINHUA/APP): South Korea’s imported car sale logged a double-digit fall last month due to continued supply chain disruptions, industry data showed Tuesday. The number of imported vehicles sold here was 22,695 in June, down 13.3 percent from a year earlier, according to […]

SYDNEY, Jul 5 (XINHUA/APP): Australia’s central bank has lifted interest rates by 0.50 basis points (BPS) on Tuesday, bringing the new rate to 1.35 percent as the country continues to battle rising inflation. The 0.50 percent increase marks the third consecutive month the Reserve Bank […]

BEIJING, Jul 5 (XINHUA/APP):China’s economy is expected to gradually overcome the negative impacts of the epidemic in the second half of this year, with economic indicators showing improvement amid a raft of supportive policies, according to a report by the Bank of China. Noting that […]

ISLAMABAD 04 July (Online): Finance Minister Miftah Ismail on Monday refuted reports claiming that the International Monetary Fund’s (IMF) loan programme for Pakistan had been postponed, saying there was “no truth” to it. The minister issued a clarification via a tweet as he shared a […]

KARACHI 03 July (Online): The Sindh government on Sunday announced that it was lifting the restrictions placed on operational hours for businesses and markets across the province “in the public interest” for a period of one week. The decision from the provincial government comes a […]

Lahore, July 04 (Online): Advisor to US President Dilawar Syed has said that the United States is Pakistan’s largest single-country export market and one of Pakistan’s largest sources of foreign investment. We must capitalize on that potential and nurture even greater and energetic economic ties. […]

LAHORE, Jul 04 (APP): US Special Representative for Commercial & Business Affairs Dilawar Syed said on Monday that Pakistan had strong potential to grow in textile and other sectors and its exporters could easily benefit from the liberal economic policies followed by US. He proposed […]

LAHORE, Jul 04 (APP): Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh on Monday stressed the need to have indigenous, research-based and data-driven solutions to business, economic, trade and industrial problems of Pakistan. He was speaking at a MoU signing […]