Business & Economy

  ISLAMABAD, May 20 (APP): Foreign Direct Investment (FDI) in Pakistan declined to US$1.455 billion in July-April (2021-22) compared to the FDI inflows of $1.48 billion recorded during same period, a year ago, showing a negative growth of 1.6 percent.   On year-on-year basis, the […]

ISLAMABAD, May 20 (APP): Federal Minister for Finance and Revenue Miftah Ismail said here on Friday that talks were underway with International Monetary Fund (IMF) and expressed the hope that there would be a turnaround in country’s economic situation very soon. In a tweet, the […]

Tokyo, May 20 (AFP/APP): Tokyo stocks ended higher on Friday, reversing overnight falls on Wall Street as bargain-hunting purchases offset risk-off sentiment among investors. The benchmark Nikkei 225 index surged 1.27 percent, or 336.19 points, at 26,739.03, while the broader Topix index added 0.93 percent, […]

KARACHI, May 20 (APP): Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 200.45 199.95 EURO EUR 212.20 211.67 JAPANESE YEN JPY 1.5708 1.5669 BRITISH POUND GBP 249.47 248.85 […]

COLOMBO – May 18 (ONLINE) Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of coupons on two of its sovereign bonds, while the energy minister said the country had run out of money to pay for […]

Islamabad, May 18, 2022 (Online): Fertilzer Review Committee (FRC) met under the chairmanship of Additional Secretary of Ministry of Industries and Production today. The representatives of fertilisers manufacturing industry, dealers, and Secretaries of Provincial agriculture departments attended the meeting via video link. The forum discussed […]

HANOI, May 18 (Xinhua/APP): Many banks in Vietnam have increased deposit interest rates by 0.1 to 0.6 percentage points amid the growing demand for funds and inflationary pressure, local media reported on Wednesday. The rates have increased sharply since the beginning of this month, with […]

BAGHDAD – May 17 (ONLINE) Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy. Since the […]

JAKARTA, May 17 (Xinhua/APP):An oil refinery operated by Indonesian state-owned oil-and-gas firm PT Pertamina caught fire in Balikpapan town of East Kalimantan province on Tuesday, Metro TV reported […]

ISLAMABAD, May 17 (APP): The Asian Development Bank (ADB) here on Tuesday re-affirmed its commitment to continue support for strengthening reform programmes and for implementation of country’s development agenda including fiscal management, building resilience and boosting competitiveness and development of private sector. The reaffirmation was […]