Business & Economy

COLOMBO – April 19 (ONLINE) The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India, Sri Lanka’s finance ministry said on Tuesday. A delegation headed by Sri Lanka’s Finance Minister Ali Sabry kicked off formal talks with […]

DUBAI – April 19 (ONLINE) National Bank of Kuwait (NBKK.KW), the country’s biggest lender, reported on Tuesday a first quarter profit of 116.6 million dinars ($381.79 million), a 38% annual rise on lower impairment losses and higher net operating income, foreign news agency reported. EFG […]

LAHORE, Apr 18 (APP):While welcoming the setting up of deadline for Diamer-Bhasha dam, the Lahore Chamber of Commerce & Industry (LCCI) said on Monday that the mega project would serve as future lifeline for the country, would improve energy mix, curtail huge oil import bill […]

UNITED NATIONS, Apr 18 (XINHUA/APP): UN Secretary-General Antonio Guterres on Saturday welcomed the creation of the Resilience and Sustainability Trust (RST) by the International Monetary Fund (IMF), said his spokesman.   Guterres congratulated IMF Managing Director Kristalina Georgieva and the Executive Board for approving the […]

ANKARA, Apr 18 (AA/APP):Europe’s biggest solar power plant, the under-construction Karapinar plant in Konya in south-central Turkey, is poised to be fully operational by the end of 2022, Cemal Kalyoncu, the chairman of Kalyon Holding, the company responsible for the project, said on Monday. The […]

ULAN BATOR, April 18 (Xinhua/APP) –: Mongolia’s foreign trade turnover increased by 3.1 percent year on year to 3.6 billion U.S. dollars in the first quarter of this year, said the country’s National Statistics Office on Monday. Mongolia registered a foreign trade surplus of 251.4 […]

ISLAMABAD, Apr 16 (APP): Spices exports during the first eight months of fiscal year of 2021-22 grew by 20.78 % as compared to the exports of the commodity during the corresponding period of last year. During the period from July-Feb 2021-22 Spices worth US $74,946 […]

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 […]