ISLAMABAD - The provincial governments of Punjab and Sindh, through Food and Agriculture Organization (FAO), will embark upon a project worth $47.6 million for transforming the Indus Basin with climate resilient agriculture and water…

LAHORE  - The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has asked the central bank to keep on its regulatory and stern monitoring of the foreign exchange operations of the banks and money market with…

ISLAMABAD  - The Pakistan Industrial & Traders Association Front (PIAF) Chairman Faheem Ur Rehman Saigol has said the trade and industry had to be kept solvent and protected from default for which prudent measures would have to be…

Tokyo- Japan’s SoftBank Group on Monday reported a huge net loss of $23.4 billion in the first quarter, after central bank interest rate hikes worldwide caused tech shares to tank. The telecoms firm that has turned into an investment…

Hong Kong - Markets struggled Monday and the dollar held big gains as a blockbuster US jobs report ramped up bets that the Federal Reserve will announce more sharp interest rate hikes as it tries to tame runaway inflation. While the…

San Francisco - Uber has reported better-than-expected revenue, fueled by strong demand for its ride-hailing and food delivery services that have drawn a surge in drivers looking to offset inflation’s bite. Revenue more than doubled to…

Lagos - From five grams of toothpaste to 10 millilitres of cooking oil, many Nigerians struggling with soaring prices now buy their basic necessities in small quantities packed in tiny plastic bags to be consumed on the same day. Consumer…

SEOUL - South Korea’s imported car sale logged a double-digit fall last month due to a prolonged supply shortage of semiconductors used to make vehicles, industry data showed. The number of imported vehicles sold here was 21,423 in July,…

OTTAWA - Canada’s merchandise exports increased 2 percent in June mostly on crude oil and gold exports, Statistics Canada announced Thursday. This was the sixth consecutive monthly increase for Canadian exports, the first time this has…

ISLAMABAD - Chairman ASEAN Committee Islamabad (ACI) Ambassador Nguyen Tien Phong on Sunday said that regional integration of ASEAN countries is not only essential for the economic prosperity of the ASEAN region but also important for…

Islamabad - The Utility Stores Corporation (USC) has jacked up the prices of pulses, lentils and beans by upto Rs48 per kilogramme across Pakistan. The government has upward revised the prices of six different types of pulses, lentils and…

Lahore - Mortgage rates dropped for the second week in a row, falling below 5 percent for the first time since mid-April. The 30-year fixed-rate mortgage averaged 4.99 percent in the week ending August 4, down from 5.3 percent the week…

LAHORE - The US economy has shrunk for the second quarter in a row, a milestone that in many countries would be considered an economic recession. That is not the case in the US, which uses additional data to make that call. But the…

BEIJING - China’s foreign exchange reserves climbed to 3.1041 trillion US dollars by the end of July, up 32.8 billion dollars from June, data from the State Administration of Foreign Exchange showed on Sunday. “Supply and demand in the…

BEIJING - At a shopping mall in the heatwave-hit Jiangsu province, customers barely felt any temperature change while the air conditioners kept readjusting their electrical load to ensure grid stability during peak hours. This is a typical…