LONDON: World stock markets plunged Monday and the Chinese yuan fell sharply, days after US President Donald Trump vowed to impose fresh tariffs on Chinese goods in the latest trade war flare-up. Europe’s stocks dived about two per cent, mirroring heavy falls in Asia — where Hong Kong tumbled nearly […]

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Karachi: The exports of spices from the country witnessed an increase of 11.77% during the last eleven months of Financial year. According to a statement, the spices exports from the country were recorded at 83.081 million dollar during July-May 2018-19 against the exports of 74.333 million dollar during July-May 2017-18. […]

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KARACHI: Due to the negligence of Civil Aviation Authority, the incidents of bird strikes are consistently increasing at airports in Pakistan. In last seven months, more than 34 planes of Pakistan International Airline (PIA) were affected by bird strikes which caused millions of rupees loss to the national flag carrier, […]

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Karachi: State Bank of Pakistan has announced monetary policy for the next two months increasing policy rate by 100 bases points raising it from 12.25 to 13.25 percent. Announcing the policy in Karachi, Governor State Bank Dr. Reza Baqir said that the monetary policy will be applicable from 17th July […]

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The Geneva-based International Trade Centre – the joint agency of the United Nations and the World Trade Organization – is launching a project to reduce poverty in Pakistan by strengthening small-scale agribusinesses in Balochistan and Sindh. The project known as ‘Growth for rural advancement and sustainable progress (GRASP) will help […]

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LAHORE/KARACHI/RAWALPINDI: Traders across the country are observing a countrywide complete shutter down strike against the government after a hike in sales tax in the federal budget today. Last week, the All Pakistan Anjuman-e-Tajran (APAT) had announced a nationwide shutter-down strike from July 13 against the government in several cities of […]

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AIX-EN-PROVENCE: The head of French energy giant Total announced Saturday that the company would invest a hundred million dollars annually on a new forest preservation and reforestation project. “We want to set up a business unit to invest in projects that will preserve forests,” chief executive Patrick Pouyanne told a […]

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ANKARA: Turkey has sacked the governor of its central bank and replaced him with his deputy, a presidential decree published in the official gazette on Saturday. Murat Cetinkaya, who was appointed to the role in April 2016, had been replaced by Murat Uysal, the decree said, but gave no official […]

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KARACHI: Gold prices registered a dramatic decrease after a week of gradual price increments. Per Tola price of gold saw a decrease of Rs 1900, closing in at Rs 79600. While, a decrease of Rs 1628 was registered on 10 grams of gold, closing at Rs 68244. Gold prices continued […]

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ISLAMABAD: British Trade Commissioner to Pakistan, Afghanistan and Middle East Simon Penney called on Advisor to Prime Minister on Commerce Abdul Razak Dawood in Islamabad on Monday. Matters of mutual interests, bilateral trade, investment, economy and other issues were came under discussion in the meeting, said a statement issued from […]

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