Asian markets received a much-needed boost Wednesday as Hong Kong’s tech titans led a comeback in the city following their recent fall, while oil prices soared back above $100 but remain under pressure from concerns about Chinese demand. While the gains are encouraging, more volatility is predicted as Russia continuesRead More →
ISLAMABAD, Pakistan (APP) – Federal Minister for Finance and Revenue Shaukat Tarin met with a team from the Pakistan Pharmaceuticals Association (PPMA) led by its chairman, Qazi M Manzoor, on Tuesday in Islamabad. According to a ministry news statement, the PPMA chairman praised the finance minister for addressing the concernsRead More →
Saudi Arabia is considering pricing part of its oil shipments in Yuan, undermining the US dollar’s dominance in the global petroleum market and signalling yet another shift toward Asia by the world’s top crude producer.According to the Wall Street Journal, negotiations with China over yuan-priced oil contracts have been onRead More →
To combat smuggling between Iran and Pakistan, the Federal Board of Revenue (FBR) has designated the Bazarcha Border Terminal in Taftan as a customs port for the clearance of import/export products between the two countries.According to a notification issued by the FBR on Tuesday, the FBR has proclaimed Bazarcha BorderRead More →
ISLAMABAD, Pakistan (APP) – Shaukat Tarin, the Federal Minister of Finance and Revenue, spoke about the government’s efforts to ensure economic improvement and development on Monday. According to a news release released by the finance ministry, the federal minister noted during a meeting with Chairman of Pak Kuwait Investment Company,Read More →
Pakistan International Airlines (PIA), the country’s flag carrier, has been granted permission to fly to two Chinese cities, Guangzhou and Xian, in addition to Beijing, according to ARY News. The Chinese Civil Aviation Administration (CAAC) has given PIA permission to fly to Guangzhou and Xian. According to the existing standardRead More →
According to the State Bank of Pakistan, the Pakistani rupee declined by 21 paisas versus the US dollar in interbank trade on Monday, finishing at Rs177.62 against the previous day’s closing of Rs177.41 (SBP). According to the Forex Association of Pakistan, the open market buying and selling values of theRead More →
Bill Gates, the founder of Microsoft, came in Pakistan on Thursday for a day-long official visit and met Prime Minister Imran Khan. During the meeting, the Microsoft CEO was updated on the country’s polio eradication efforts, among other things. Later, the premier hosted a luncheon for the American businessman. FederalRead More →
ISLAMABAD: The federal government hiked the price of petroleum products by up to Rs12 per litre on Tuesday, with the increase taking effect on February 16. According to a notification issued by the finance ministry, the current Pakistan Tehreek-e-Insaf (PTI) administration has increased the price of petrol by Rs12.03 perRead More →
TOKYO, Japan (AFP) – Sony raised its full-year net profit prediction, encouraged by the popularity of its latest Spider-Man film and good earnings in the gaming industry despite a global chip shortage. The Japanese computer behemoth has already posted a record net profit in 2020-21, thanks to a pandemic surgeRead More →
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