RAWALPINDI (APP) – NLC and DP World have delivered over 1,000 containers between Pakistan and Bangladesh since October, when they launched the first direct shipping route between the two nations, a strategic effort that would considerably improve South Asian commerce and connectivity. Container service between Karachi and Jable Ali willRead More →
JAKARTA (Reuters) – The deputy trade minister was quoted by official news agency Antara in their piece about the short video app TikTok, which stated that it was applying for an e-commerce permit from the Indonesian government. A significant setback for TikTok, which had promised to invest billions of dollarsRead More →
LAHORE: Zhao Shiren, the Chinese consul general in Lahore, was a distinguished guest at the scholarship-awarding ceremony held by the University of Central Punjab’s Humanities and Social Sciences Department. The Chinese consul general awarded scholarships totaling Rs 0.5 million to twelve outstanding and well-deserving students. Faculty members, students, and DeanRead More →
NEW YORK (Reuters) – The U.S. Some of the world’s leading banks predict that global economic growth will drop further in 2024, due to rising interest rates, increasing energy prices, and a recession in the world’s two largest economies. According to a Reuters survey, the global economy will increase 2.9%Read More →
SINGAPORE Reuters: Despite Saudi Arabia’s intentions to reduce production next month, China’s Unipec, the trading arm of leading Asian refiner Sinopec (600028.SS), has emerged as a key seller of August-loading Oman crude this month. This has helped to keep benchmark prices in check. Platts window, also known as the S&PRead More →
ANKARA (AP) — Recep Tayyip Erdogan was re-elected as president of Turkey last month, even though the economy is in bad shape and there is a cost-of-living problem that experts say is made worse by his unusual economic policies. The longtime leader put a well-known former banker in charge ofRead More →
NEW DELHI (Reuters) January 4 – An Indian panel on Wednesday rejected Google’s bid to have an antitrust verdict forcing the tech giant to alter how it approaches its Android platform blocked, giving the American company a blow in a crucial growing area. For abusing its dominant position in areasRead More →
The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments. It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion inRead More →
KARACHI: PricewaterhouseCoopers (PwC) believes that Pakistan will achieve exceptional growth rates over the next three decades, overtaking industrialised nations such as Canada and Italy to become the world’s 16th largest economy by 2050 in a new report. The consultancy firm produced its first ‘World in 2050’ report in March 2006,Read More →
Pakistan’s exports to China surpassed 1.039 billion dollars in the first quarter of this year, from January to March, representing an almost 17 percent growth. According to figures released by the General Administration of Customs of China, China’s exports to Pakistan climbed by 28.69 percent in the first three monthsRead More →