Business & Economy

ISLAMABAD, Mar 21 (APP): Pakistan and Islamic Development Bank (IsDB) Monday signed three Framework Agreements amounting to US$ 180 million to provide financing for the Mohmand Dam Hydropower Project (MDHP). The financing agreements were signed by Secretary Economic Affairs Division Mian Asad Hayaud Din and […]

BURLIN – March 21 (ONLINE) Germany and Qatar are negotiating a long-term energy partnership, government officials from both sides said Sunday, as Europe’s biggest economy seeks to become less dependent on Russian energy sources. Germany said a partnership had been clinched, but Qatar stopped short […]

ISLAMABAD, Mar 21 (APP): As of December 2021, the Islamic Development Bank (IsDB) Group has approved total financing of about US$ 14.5 billion for 412 projects in Pakistan out of which 372 are completed and 40 are active ongoing projects. Out of the total, IsDB […]

ISLAMABAD, Mar 17 (APP): The National Assembly’s Standing Committee on Finance and Revenue here on Thursday passed the Pakistan Single Window Program (PSWP) aimed at enhanced trade system in the country. The committee, which met here under the chairmanship of Member National Assembly (MNA) Amjad […]

BEIJING, Mar 17 (APP): Cheng Xizhong, Visiting Professor of Southwest University of Political Science and Law and Senior Fellow of the Charhar Institute on Thursday said that Prime Minister Imran Khan’s policies to encourage exports are producing great results. Over the past year, under the […]

BEIJING, March 17 (APP): China’s Gansu Academy of Agricultural Sciences (GAAS) and the Islamia University of Bahawalpur (IUB) have discussed a roadmap for boosting agricultural cooperation in the future, with advanced Chinese technologies to be transferred to Pakistan. Gansu and Pakistan share similarities in climate, […]

SINGAPORE, March 17 (Xinhua/APP): Singapore’s non-oil domestic exports (NODX) grew by 9.5 percent year on year in February following the 17.6 percent growth in January, Enterprise Singapore, a government agency, announced on Thursday. It is the 15th consecutive month for Singapore’s NODX to see year-on-year […]

BEIJING, March 17 (Xinhua/APP): The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China’s interbank market, decreased 3.1 basis points to 2.009 percent Thursday. The seven-day rate dropped 3.2 basis points to 2.083 percent, the one-month rate edged down 0.1 basis […]

BEIJING – March 16 (ONLINE) Escalating sanctions on Russia are complicating the global economic recovery process, Chinese Foreign Minister Wang Yi said in a telephone conversation with his Dutch counterpart Wopke Hoekstra. “The US and Europe keep tightening sanctions on Russia. As for the difficult […]

Lahore, March 16 (Online): Provincial Minister for Industry and Commerce Mian Aslam Iqbal has said that millions of people have benefited from various schemes of easy loans of Punjab Small Industries Corporation. Hundreds of thousands of people have got employment with the issuance of easy […]