Business
Rupee gains 6 paisa against US dollar
F.P. Report KARACHI: The Pakistani rupee extended an upward trend against the US dollar at the start of trade on Friday. According to forex dealers, the rupee appreciated by 6 paisa and is trading at 154.60 against the greenback in the interbank market. The local currency rose 11 paisa to finish at 154.66 against the…
Read MoreChina economy grows in 2019 but with slowest pace in three decades
Monitoring Desk BEIJING: China’s economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. The world’s second-largest economy grew by 6.1 per cent last year, its worst performance since 1990, according to the National Bureau of…
Read MoreIndonesia hails ‘historic’ $22.9bn mega-investment deal with UAE
Monitoring Desk JAKARTA: Indonesia’s business community on Thursday welcomed the UAE’s pledge to pump tens of billions of dollars into a wide range of key sector projects. President Joko Widodo and his entourage secured an overall $22.9 billion deal during an official two-day visit to Abu Dhabi earlier this week covering the fields of energy,…
Read MoreIran crisis hikes up gold prices, but Asian expats in the Gulf ‘will continue to buy’
Monitoring Desk DUBAI: In the first two weeks of the year the world teetered on the brink of war, with both the US and Iran exchanging a series of threats. It was certainly not the most pleasant of times for the GCC region. For a few days at least, many around the world worried about…
Read MoreChina remains top importer
F.P. Report ISLAMABAD: With its US$4025.177 million imports to Pakistan, China remained the top importer of the country during the first five months of current financial year (2019-20), followed by United Arab Emirates (UAE) and Singapore. During the month of November, 2019, the total imports from China witnessed negative growth of 5.49 percent during the…
Read MoreFBR appreciates services of retiring member
F.P. Report ISLAMABAD: Federal Board of Revenue has acknowledged and appreciated the services of retiring Member Legal & Accounting Customs Fazal Yazdani Khan in the Board-in-Council Meeting. All the members of Federal Board of Revenue attended the meeting and paid tribute to the services of retiring officer. Acting Chairperson Federal Board of Revenue Nausheen Javed…
Read MoreGold price gains Rs 100, traded at Rs 89,500/tola
F.P. Report ISLAMABAD: The per tola price of 24 karat gold appreciated by Rs 100 on Thursday and was traded at Rs 89,500 as compared to Rs 89,400 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed increase of Rs 86 and was traded at Rs 76,732 against…
Read MoreSEPA takes prompt notice on leakage from NRL’s pipeline
F.P. Report KARACHI: A team of Sindh Environmental Protection Agency (SEPA) monitored the eruption of six-inch diameter pipeline of National Refinery Limited (NRL) causing flow of thousands of liters diesel into the adjoining areas. According to details, a pipeline of NRL leading from Keamari to Korangi Industrial Area at its plant was burst at Khayaban-e-…
Read MoreKashan Hasan takes over as CEO of Reckitt Benckiser Pakistan
F.P. Report ISLAMABAD: Reckitt Benckiser (RB), a global leader in consumer health and hygiene, has appointed Kashan Hasan as the new Chief Executive Officer (CEO) for its Pakistan business. Kashan will be spearheading the health business with immediate effect. Kashan has been associated with RB for the last 12 years, serving in various successful leadership…
Read MoreU.S. and China sign new trade agreement
Monitoring Desk WASHINGTON: The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted the “Phase 1” agreement as…
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