Turkish inflation hits two-decade high of 78.6%

Istanbul, July 4 (AFP/APP): Inflation in Turkey in June soared to an annual rate of 78.6 percent, the highest in 24 years, official data showed on Monday, as President Recep Tayyip Erdogan’s unconventional economic policies continued to take their toll. The figure released by Turkey’s […]

Vietnam’s footwear export up 14.8 pct in 6 months

HANOI, July 4 (Xinhua/APP): Vietnam raked in more than 11.9 billion U.S. dollars from exporting footwear from January to June, witnessing a year-on-year increase of 14.8 percent, according to the country’s Ministry of Industry and Trade on Monday. In the first half of 2022, the […]

FFC MM Plant Shuts Down Due to Eruption of Fire

Rawalpindi (PNI) On 3rd July 2022, around 11 pm fire erupted at FFC Mirpur Mathelo Plantsite which was extinguished immediately by adopting safety and emergency procedures (SOP). No personnel were affected during this event. As per initial report, fire occurred in the gas vessel of […]

Asia stocks mixed, oil down as traders fret over recession

Hong Kong, July 4 (AFP/APP): Asian markets were mixed and oil fell as traders fret over a possible recession caused by central bank interest rate hikes aimed at fighting soaring inflation. After the S&P 500’s worst January-June since 1970, Wall Street got the second half […]

PM Shahbaz directs immediate functioning of shut down power plants

LAHORE, Jul 3 (APP): Prime Minister Muhammad Shehbaz Sharif on Sunday directed the authorities concerned to take immediate steps for making the shut-down power plants functional and sought a report entailing clear reasons over the load-shedding. The prime minister chaired an important meeting to overcome […]

Excise dept collects over Rs 133350 m tax

KARACHI, Jul 03 (APP): The Sindh Excise, Taxation and Narcotics Control department has achieved 111 percent tax collection targets till the end of the financial year 2021-22 and has collected a total of Rs 133350 millions in term of various taxes. This was stated at […]

PM Shahbaz commends FBR for collecting taxes of Rs 6.1 trillion

ISLAMABAD, Jul 1 (APP): Prime Minister Shehbaz Sharif Friday commended the performance of Federal Board of Revenue (FBR) for achieving tax collection target of Rs 6.1 trillion. The PM, in a tweet on his Twitter handle, said, “This sets a good example for other ministries […]

businessConsumer Price Index inflation up by 21.3% in June

ISLAMABAD, Jul 1 (APP): The Consumer Price Index (CPI) increased by 21.3% on year-on-year (YoY) basis in June 2022 as compared to the corresponding month of last year, Pakistan Bureau of Statistics (PBS) reported on Friday. On month-on-month basis, it increased by 6.3% in June […]