Business & Economy

BEIJING, April 6 (Xinhua/APP): China’s gross ocean product rose 8.3 percent to over 9 trillion yuan (about 1.41 trillion U.S. dollars) in 2021, official data showed. The figure contributed 8 percent of the country’s gross domestic product expansion, according to the Ministry of Natural Resources. […]

BEIJING, April 6 (Xinhua/APP): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, increased 54 basis points to 1.848 percent Wednesday. The seven-day rate raised 16.7 basis points to 2.004 percent, the one-month rate edged down 0.1 basis […]

ISLAMABAD, Apr 5 (APP):After a strong economic rebound in fiscal year (FY) 2021, Pakistan’s economic growth is expected to moderate to 4% in FY2022 due to tighter fiscal and monetary policies before picking up again in FY2023, the Asian Development Bank (ADB) said in a […]

KARACHI, Apr 05 (APP): President, Federation of Pakistan Chambers of Commerce and Industry, Irfan Iqbal Sheikh and other office bearers on Tuesday called for immediate settlement of political issues as it has led to economic instability in the country, which may bring very bad effects […]

Paris, April 5 (AFP/APP): Italian confectionary group Ferrero said Tuesday it has recalled Kinder chocolate eggs in seven European countries over possible links to dozens of salmonella cases less than two weeks before Easter. While none of the toy-filled Kinder Surprise chocolate eggs or other […]

Budapest, April 5 (AFP/APP):The Hungarian government accused Brussels on Tuesday of “making a mistake” after the EU launched a procedure that could see Budapest stripped of EU funding for flouting democratic standards. Prime Minister Viktor Orban’s chief of staff Gergely Gulyas urged the European Commission […]

ANKARA – April 4 (ONLINE) Turkey’s annual consumer inflation leapt to a 20-year high of 61.14% in March, data showed on Monday, fuelled by rising energy and commodity prices following the Russia-Ukraine conflict which is compounding the impact of a lira crash late last year. […]

ISLAMABAD, Apr 04 (APP): The International Monetary Fund (IMF) Monday assured Pakistan that it would continue its support “once the new government is formed.” “There is no concept of suspension within the IMF programme,” the Fund said in a brief statement issued in this regard. […]

LAHORE, April 03 (Online): Pakistan’s bleak economy cannot bear the brunt of political instability and go with politics of confrontation at this crucial juncture of time of Covid 19 aftermath. Taking to a delegation of trade leaders led by President United Business Group Zubair Tufail […]

  Islamabad, April 2 (Online): Advancing their mission to promote the startup ecosystem of Pakistan, Huawei Cloud signed MoU’s with National Incubation Centers in Islamabad, Lahore and Karachi, during the Huawei Cloud Summit Middle East in Dubai. The summit, the first major offline ecosystem event […]