Business & Economy

FAISALABAD 27 April (ONLINE): President Faisalabad Chamber of Commerce Atif Munir Shaikh said on Wednesday that 2 extra Eid-holidays will cost $400 million for national economy. While expressing the concerns he said that long holidays will also damage the export and will become reason to […]

New York, April 27 (AFP/APP): Boeing shares were in free-fall early Wednesday after the aviation giant reported a $1.2 billion loss in an ugly quarter weighed down by fresh one-time costs on its Russia business, the Air Force One presidential jet and the new 777X […]

Rawalpindi (PNI) Fauji Fertilizer Company Limited (FFC) has announced its financial results for the quarter ended March 31, 2022 in its Board of Directors’ meeting held on April 27, 2022. The Company achieved net profitability of Rs 6.24 billion translating into an EPS of Rs […]

Moscow, April 27 (AFP/APP): Russia’s energy giant Gazprom said Wednesday it had stopped all gas supplies to Poland and highly dependent Bulgaria after not receiving payment in rubles from the two EU members. President Vladimir Putin last month said Russia will only accept payment for […]

WASHINGTON, April 25 (Xinhua/APP) –:The U.S. Federal Reserve’s action to raise interest rate faster than expected would lead to financial “complexities” for Asia economies, especially those with debt in foreign currency, an International Monetary Fund (IMF) official said Monday evening. “Monetary tightening in advanced economies,” […]

New York, April 25 (AFP/APP): Twitter shares rose Monday following reports the company is poised to accept Elon Musk’s takeover offer, a dramatic shift after the board organized a “poison pill” to ward off the billionaire entrepreneur’s hostile buyout bid. The deal, which outlets including […]

ISLAMABAD, Apr 25 (APP): Minister for Finance Miftah Ismail on Monday said the government would devise a policy to increase the petroleum prices. The elite class having big vehicles could not be given subsidy, however, those using less petrol such as motorcyclists would be given […]

ISLAMABAD 22 April (ONLINE): Federal Minister for Planning and development Ahsan Iqbal has invited predecessor Asad Umer on farewell dinner on the day and time of his convenience. Ahsan Iqbal wrote a letter on Friday to Asad umer while showing hope of positive response. In […]

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 […]