Business

ISLAMABAD – Local currency plunged to lowest ever level on Wednesday, as US dollar for the first time in Pakistan’s history went beyond Rs200 benchmark in open market mainly due to uncertainties on political as well as economic fronts. In the open market, the US currency was being traded at …

BEIJING, May 19 : A team of Chinese scientists along with their international counterparts have designed a robotic drone capable of crossing the air-water boundary and hitchhiking on surfaces. The scientists from Beihang University and Imperial College London drew inspiration from remora fish, a family of species known for their …

ISLAMABAD, MAY 19 : Federal Minister for Finance and Revenue, Miftah Ismail said here on Thursday that the incumbent government was committed to provide conducive and friendly environment to the investors and businessmen for the growth of economic activity and enhancement of exports. In a meeting with the Vice Chairman …

ISLAMABAD: In order to control the continuous depreciation of the rupee, the federal government on Wednesday decided to impose a complete ban on the import of non-essential and luxury items. Well-informed sources told Pride News that Prime Minister Shehbaz Sharif has imposed a ban on the import of non-essential items …

ISLAMABAD, May 18 :A UK-based financial services company ‘Kuda Technologies’ in partnership with Fatima Group and The City Schools Group has applied for a digital banking licence in Pakistan with the goal of driving financial inclusion in the country. Founded in 2019 and with over $90 million of funding from …

ISLAMABAD, May 17 : Prime Minister Shehbaz Sharif on Tuesday welcomed the China-based biopharmaceutical company Sinovac over its keen interest for a joint venture to diagnose, prevent and treat diseases by investing in Pakistan. In a meeting with a delegation of Sinovac, the prime minister said the government would extend …

KARACHI: All Pakistan CNG Association, Sindh chapter, on Monday announced the closure of all Combined Natural Gas (CNG) and RLNG stations across the province after price reached highest level of Rs300 per kilogram, media reported. Accordi犀利士 ng to details, the APCNGA delegation has announced to shut down all 600 stations …

“We have run out of petrol At the moment, we only have petrol stocks for a single day,” PM Ranil Wickremesinghe says COLOMBO: Crisis-hit Sri Lanka has run out of petrol and is unable to find dollars to finance essential imports, the new prime minister said Monday in an address …

BEIJING, May 16 :Pakistan’s export of sesame seeds to China achieved a historical figure of $45.99 million, rising by 102.49 percent in the first quarter of 2022, said Badar-uz-Zaman, Commercial Counselor of the Pakistani Embassy in China. He told China Economic Net (CEN) that according to the General Administration of …

ISLAMABAD, May 16: Minister for Information and Broadcasting Marriyum Aurangzeb said on Monday that the people of Pakistan were fully aware of the fact that former prime minister Imran Khan was responsible for the present economic situation and unemployment in the country. In a tweet, sharing the economic data issued …