Business & Economy

ISLAMABAD, Apr 15 (APP): Pakistan Muslim League Nawaz (PML-N) leader Shahid Khaqan Abbasi Friday said that Prime Minister Shehbaz Sharif had rejected the Oil and Gas Regulatory Authority’s (Ogra) summary to increase petroleum prices as the government did not want to shift burden to the […]

BEIJING, Apr 12 (APP): In recent years, with the rapid progress of the construction of China-Pakistan Economic Corridor (CPEC) and Special Economic Zones (SEZs), Chinese enterprises, especially private small and medium-sized enterprises, have significantly increased their investment in Pakistan. The economies of the two countries […]

SYDNEY, April 12 (Xinhua/APP): A new report has revealed that over 4 million Australian workers are currently in insecure work, highlighting the growing precarity faced by workers in the “gig economy”. The report, published by the Australian Council of Trade Unions (ACTU) on Monday, showed […]

ISLAMABAD, Apr 10 (APP): Staff shortage and inadequate number of branches have made it impossible for the National Savings to facilitate pensioners and investors at various branches across the country. An administrative and management crisis surfaced when the Finance Ministry transferred the system of saving […]

Colombo, April 8 (AFP/APP):Cash-strapped Sri Lanka’s central bank hiked interest rates by a record 700 basis points Friday as police fired tear gas at hundreds of students protesting over the economic crisis. Severe shortages of food and fuel, alongside lengthy electricity blackouts, have led to […]

ISLAMABAD, Apr 08 (APP): Managing Director Utility Stores Corporation (USC) Taha Aziz Maghribi on Friday visited various stores in Peshawar, Abbottabad to review the supply and sale of basic items provided under the package. According to the press release issued Islamabad office, Managing Directer USC […]

Islamabad, April 07 (ONLINE): Muhammad Shakeel Muhammad, President, Islamabad Chamber of Commerce & Industry (ICCI) has expressed great concerns over the Pakistan’s rising trade deficit, which has widened 70 percent to USD 35.4 billion during July-March 2022 due to rising imports and stagnant exports, which […]

KARACHI, Apr 07 (APP): The total liquid foreign reserves held by the country stood at US$ 17,476.9 million as of April 1st, 2022. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State Bank of Pakistan: US$ 11,319.2 […]

KARACHI, Apr 07 (APP):The State Bank of Pakistan on Thursday announced to increase its policy rate (interest) by 250 basis points to 12.25 percent, from 10 percent, for next two months.   SBP’s Monetary Policy Committee, in its meeting here at State Bank’s headquarters,  decided […]

London, April 7 (AFP/APP): British energy giant Shell warned Thursday that it would take a hit of up to $5 billion (4.6 billion euros) on its exit from Russia, following Moscow’s invasion of Ukraine. Impairment from assets and additional charges relating to Russia activities were […]