Home / Business (page 4)

Business

Petrol bomb: OGRA proposes Rs4.06 per liter hike in price

ISLAMABAD -UNS – The Oil and Gas Regulatory Authority (OGRA) has sent a summary to Ministry of Petroleum to increase petroleum product prices from January 1st next year. The Ministry of Petroleum and Ministry of Finance will seek final approval from Prime Minister Shahid Khaqan …

Read More »

China co-operation with Pakistan, Afghanistan no threat to any third party: China

BEIJING -UNS – China clarified on Wednesday that its plan to include Afghanistan into the China-Pakistan Economic Corridor (CPEC) and a recently held trilateral meeting featuring the three countries does not target a ‘third party’ and that the project will be beneficial for ‘the whole …

Read More »

Strong economic cooperation linked to regional peace: President

ISLAMABAD -UNS/APP: President Mamnoon Hussain has said future of the region is deeply linked to active linkages, increased mutual trade and intensive cooperation. He was addressing the inaugural session of six-nation Speakers’ Conference in Islamabad on Sunday. The President invited all states of the region …

Read More »

Inter-bank market :Dollar rate soars to Rs. 111

ISLAMABAD -UNS : The rate of dollar in the interbank market continued to rise as it soared to Rs 111, on Tuesday. The value of rupee continues to fall in comparison to the dollar as the rate of the American currency climbed to Rs 111. …

Read More »

Pak-China ties have become model of state-to-state relations

ISLAMABAD -APP/UNS:Planning Commission Deputy Chairman Sartaj Aziz Monday said that China had become a reliable partner in Pakistan’s national development efforts as their relations had become a model of state-to-state relations. Talking to a 60-member Chinese business delegation, Sartaj said that Pakistan was an ideal …

Read More »

KSA to cut oil exports to Asia in January: energy ministry

RIYADH (AFP) – Saudi Arabia said on Monday it will trim crude exports to Asian customers in January to help accelerate the rebalancing of the international oil market. An energy ministry spokesman said state-owned Aramco will maintain “steady supplies to the United States and Europe …

Read More »

Pakistan agrees to depreciate rupee on IMF conditions

By Khaleeq Kiani Amid a policy decision on Friday to allow rupee depreciation, Pakistan and an International Mone­tary Fund (IMF) delegation concluded the first round of discussions on the country’s economy. Now members of the IMF delegation and Pakistan team are taking a two-day break …

Read More »

Putin launches giant $27bn LNG project in Arctic

SABETTA (AFP) – President Vladimir Putin on Friday launched a $27 billion liquefied natural gas plant in the snow-covered plains of the Arctic as Russia hopes to surpass Qatar to become the world s biggest exporter of the chilled fuel. The Russian president congratulated workers …

Read More »

Pakistan’s exchange rate facing risks:UN

ISLAMABAD -UNS : The government’s policy of keeping the exchange rate stable by intervening in the foreign exchange market may become unsustainable if the US dollar appreciates against most major currencies in global markets, warns a new United Nations report. The stable exchange rate may …

Read More »

Indonesia to export $48 m kinnow from Pakistan

ISLAMABAD -UNS – Indonesia has increased Export of Kinnow (citrus fruit) from Pakistan by 150 per cent to $48 million in the current fiscal year from $20 million during the fiscal year 206-17 . A commerce ministry official Wednesday attributed the increase in Kinow export …

Read More »