Business & Economy

Washington, May 13 (AFP/APP): The US Senate on Thursday confirmed Jerome Powell to a second term as head of the Federal Reserve, as the central bank ramps up its fight to crush soaring inflation. The vote came amid inflation that has hit a 40-year high, […]

ISLAMABAD, May 13 (APP): Sale of cars during ten months of current fiscal year 2021-22 (July-April) has surged by 56.96 percent as compared to same period of last year, a recent data released by Pakistan Automobile Manufacturing Association (PAMA) said. According to the data, as […]

Hong Kong, May 13 (AFP/APP): Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment. World markets have been volatile for much of […]

LAHORE May 12 (Online): Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq Thursday disclosed that Pakistan’s furniture exports registered astronomical 111.59 per cent increase during first nine months of the current fiscal year, compared to corresponding period of the last year. Talking to […]

Islamabad, May 12, 2022 (Online): The Asian Development Bank has indicated to provide an additional support of 2.5 billion dollars for the next Fiscal Year, out of which 1.5 to 2 billion dollars can be available in the ongoing calendar year. This was expressed by […]

ISLAMABAD, May 12 (APP): The Securities and Exchange Commission of Pakistan (SECP), in a bid to improve and ensure transparency in the process for capital formation has recommended a revamp of Companies (Further Issue of Shares) Regulations, 2020. A concept paper, suggesting new modes and […]

ISLAMABAD, May 12 (APP): The Federation Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday said that Business community to play its role for increasing trade with Belarus. The bilateral trade can be increased between Pakistan and Belarus through Afghanistan transit route and trade Channel, […]

Aberdeen, United Kingdom, May 12 (AFP/APP): In Aberdeen, northeast Scotland, offshore wind turbines, the extension to the city’s port, and hydrogen buses are clear evidence of the move to green energy. But old habits die hard in the Granite City, which was built on the […]

Tokyo, May 12 (AFP/APP): Nissan reported a positive full-year net profit for the first time in three years on Thursday, citing cost-saving efforts and a stronger US market, but issued cautious forecasts. The Japanese auto giant was on a rollercoaster even before the disruption caused […]

Moscow, May 12 (AFP/APP): Russian gas transiting via Ukraine to Europe dropped by a third Thursday after Kyiv suspended supplies through a key route, Russian energy giant Gazprom said.   Ukraine’s pipeline operator GTSOU said that it was halting gas transport at the Sokhranivka transit […]