Business & Economy

The Hague, April 22 (AFP/APP): A Dutch court on Friday declared the Russia-owned, Dutch-registered Amsterdam Trade Bank bankrupt after it was caught up in Ukraine-related sanctions. Amsterdam’s district court made the ruling on the subsidiary of Russia’s Alfa Bank in a decision confirmed by the […]

Washington, April 22 (AFP/APP): Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF official told AFP. Alfred Kammer, head of the IMF’s European Department, urged countries in the region to take a […]

ISLAMABAD – April 22 (ONLINE) Federal Minister Syed Murtaza Mehmood said Friday country’s auto-industry will mark immense progress through new auto-policy. According to details, CEO Engineering Development Board on Friday briefed the federal minister on auto-industry’s performance and yield. Minister was told through briefing that […]

LAHORE – April 22 (ONLINE) The Lahore Chamber of Commerce and Industry (LCCI) Friday feared that the dollar surge could reignite high inflation and halt growth by hitting all the important sectors of the economy. In a statement issued here, the LCCI President Mian Nauman […]

NEW YORK, April 22 (Xinhua/APP) –: Oil prices climbed on Thursday as market participants weighed risks both on the supply and the demand sides. The West Texas Intermediate for June delivery added 1.6 U.S. dollars, or nearly 1.6 percent, to settle at 103.79 dollars a […]

ISLAMABAD, Apr 20 (APP): Federal Minister for Finance and Revenue, Miftah Ismail said here on Wednesday that the government would make all out efforts to restore the Extended Fund Facility (EFF) programme with International Monetary Fund (IMF). Speaking at ‘Meet the Press’ organized by National […]

GUIYANG, Apr 20 (XINHUA/APP): Southwest China’s Guizhou Province saw its gross domestic product (GDP) hit 481.5 billion yuan (about 75.2 billion U.S. dollars) in the first quarter of 2022, up 6.6 percent year on year, local authorities announced on Wednesday. The added value of the […]

ISLAMABAD, Apr 20 (APP): The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Wednesday, losing 390.20 points, with negative change of 0.84 percent, closing at 45,943.16 points against 46,333.36 points on the last working day. A total of 234,997,430 shares were […]

ISLAMABAD, Apr 19 (APP): Prime Minister Shehbaz Sharif Tuesday, in a major relief package, announced the reduction of flour price from Rs 550 to Rs 400 per 10-kilogram bag in the Punjab province to provide relief to the people during the Holy Month of Ramazan. […]

BEIJING, April 19 (APP): Cheng Xizhong, Visiting Professor of Southwest University of Political Science and Law said on Tuesday said that under the leadership of Prime Minister Shehbaz Sharif, China-Pakistan relations would witness a broad-based acceleration in all domains. “Since being elected Prime Minister of […]