A huge collection of 3400+ free website templates JAR theme com WP themes and more at the biggest community-driven free web design site
Home / Business (page 4)

Business

PIA increases charges of additional baggage

KARACHI: The national flag-carrier, Pakistan International Airlines (PIA) has raised its fees for additional baggage. According to the spokesperson of PIA, the airline has fixed charges of Rs5,800 on extra luggage amounting to more than 10 kilograms on domestic and international flights. Commuters now have to pay Rs2500 and Rs800 …

Read More »

Large-scale manufacturing shrinks 5.6pc in September

ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) output contracted for sixth month in a row with no sign of revival in the immediate future. The LSM index shrank by 5.63 per cent year-on-year in third month of 2019-20, the Pakistan Bureau of Statistics (PBS) reported on Friday. Meanwhile, during 3MFY20, big industry …

Read More »

Trade ties to set record this year: US

ISLAMABAD: Trade ties between Pakistan and the United States are set to witness a new record this year as President Donald Trump and Prime Minister Imran Khan have reaffirmed commitment for a stronger relationship, the White House said on Friday. “The two leaders reaffirmed their commitment to strengthening the United …

Read More »

CPEC to push Pakistan deeper into debt burden, cautions US

WASHINGTON: The United States has warned Pakistan that the China-Pakistan Economic Corridor (CPEC) would push the country deeper into an already stifling debt burden, foster corruption and repatriate jobs and profits to China. In a speech, described as “unusually specific” by the international media, the top US diplomat for South …

Read More »

Oil pulls back from two-month highs on China trade worries

NEW YORK: Oil prices fell on Friday, pulling back from two-month highs as concern over US-China trade talks overshadowed expectations of an extension to OPEC+ production cuts. Brent crude futures LCOc1 eased 58 cents to settle at $63.39 a barrel, having touched a high of $64.27 early in the session. …

Read More »

PIA registers loss of over Rs67bn in 2018 over sloppy performance

The Pakistan International Airlines (PIA), suffered a loss of more than Rs67 billion in 2018 over sloppy performance, registering a 32-percent increase in its deficit, according to the results announced following an approval from the national carrier’s board of directors. The exact loss, which amounted to Rs67,032,000,000, was revealed after …

Read More »

Bangladesh flies in onion supplies as price hits record high

Bangladesh is urgently importing onions by air as the price of the essential ingredient in local dishes soared to record highs, an official said Sunday, with even the prime minister chopping the bulb from her menu. The price of onions — a sensitive subject in South Asia where shortages can …

Read More »

PIA to commence direct flights to US from 2020: sources

KARACHI: Pakistan International Airlines (PIA) will start direct flights to United States (US) from April 2020 as the preparations have been entered into its final phase, ARY News reported on Sunday. Sources told ARY News that the national flag-carrier will initiate direct flights between Pakistan-US from the month of April …

Read More »

Foreign investment in govt securities surpasses $711 million

KARACHI: Foreign investment in government securities has exceeded $711 million since the beginning of the current fiscal year as the country saw an inflow of an unprecedented level on high interest rates and exchange rate stability. However, analysts say this reserve build-up process is choking growth. Foreign investment in treasury …

Read More »

Aramco declares $1.71 trillion valuation in blockbuster IPO

  Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world’s biggest IPO, but missed Crown Prince Mohammed bin Salman’s initial target of $2 trillion. Aramco said it would sell 1.5 per cent of the company in a …

Read More »