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Mobile phone imports increase 83.17 percent in Q1
ISLAMABAD– The import of mobile phones into the country has witnessed an increase of 83.17 percent during the first quarter (Q1) of financial year (2020-21) as compared to the corresponding period of last year.
Pakistan imported mobile…
FATF meets today to decide on Pakistan’s Grey List status
ISLAMABAD - The Financial Action Task Force (FATF) begins on Wednesday its three-day virtual meeting to review anti-money laundering measures and to decide whether Pakistan will stay on its Grey List.
As per details, Pakistan is meeting…
Copper rises to 28-month high on stimulus hopes, stronger yuan
LONDON: Copper rose towards $7,000 a tonne on Wednesday for the first time since June 2018, helped by hopes for U.S. stimulus, strikes at mines in Chile, expectations of healthy demand in China and a strengthening yuan.
Benchmark…
Nifty, Sensex rise on gains in banking, energy stocks
BENGALURU: Indian shares rose on Wednesday, led by gains in banking and energy stocks, with broader Asian markets also higher on renewed hopes for a new U.S. stimulus.
The NSE Nifty 50 index rose 0.77% to 11,988.00 by 0353 GMT, while…
Pakistan’s C/A post surplus for third successive month on back of remittance & exports
Pakistan’s current account posted a surplus for a third successive month in September, revealed the State Bank of Pakistan (SBP) on Wednesday.
As per the data released by the central bank, the surplus reached $73 million against a…
Oil prices slip as U.S. inventory build stokes fears of supply glut
TOKYO: Oil prices eased on Wednesday after a surprise build-up in U.S. crude stockpiles stoked concerns about a global supply glut even as a spike in global COVID-19 cases fuelled fears of slower recovery in fuel demand.
Brent crude…
No plans of selling of New York’s Roosevelt hotel: CEO PIA
ISLAMABAD: Air Marshal Arshad Malik, CEO Pakistan International Airlines (PIA), said the Roosevelt Hotel in New York is not being sold, however, it would be shut down for renovation and reconstruction purposes by December 31.
While…
Rupee strengthens against dollar
ISLAMABAD: The exchange rate of Pakistani rupee strengthened by 09 paisas against US dollar in the interbank trading on Tuesday and closed at Rs162.28 against the previous day's closing of Rs 162.37.
Meanwhile, according to Forex…
Cement export increases 8.27pc in Q1
ISLAMABAD: The exports of cement from the country witnessed an increase of 8.27 percent during the first quarter (Q1) of financial year (2020-21) as compare to the corresponding period of last fiscal year.
The country exported cement…
Pakistan’s TPL Insurance approves Germany’s DEG equity investment
The BoD of TPL Insurance Limited have accorded their approval for an equity investment by DEG, a Germany development finance institution of 20 percent equity interest in the company.
“We are pleased to announce that the Board of…