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 50)

Business

IMF to launch new form of aid—with no money

WASHINGTON (Web Desk) The International Monetary Fund (IMF) announced on Wednesday it will launch a new tool to support governments in financial trouble — but one that involves no money — formalising a step it took last week for Greece.Instead of providing cheap loans to member countries, the new IMF …

Read More »

SECP ordered to audit all foreign companies

ISLAMABAD (Web Desk)  Interior Minister Chaudhry Nisar Ali Khan on Tuesday ordered the Securities and Exchange Commission of Pakistan (SECP) to carry out an audit of all foreign companies operating in Pakistan.The directives were issued following the receipt of the report of a joint investigation team (JIT) formed to probe …

Read More »

VW and Daimler face cartel accusations

BERLIN (Web Desk) Supervisory boards at two big German carmakers are to hold emergency meetings later after they were accused of breaching EU cartel rules.Volkswagen and Daimler have declined to comment on theallegations that they and other German car giants colluded to fix the price of diesel emissions treatment systems.The …

Read More »

Urea makers threaten to stop sales again

KARACHI (Web Desk) Manufacturers on Monday said that they will stop urea sales in case the government fails to issue fertiliser subsidy notification.Earlier this month, manufacturers resumed urea sales after getting assurances by the Ministry of Finance as well as the Ministry of Food Security and Research that a notification …

Read More »

Oil output increased 3pc in FY17

KARACHI (Web Desk)Pakistan’s oil production grew three per cent to 88,189 barrels per day (bpd) in 2016-17, according to a research note issued by Topline Securities on Monday.Temporary shutdowns suffered by some major oil companies affected production at the start of 2017. As a result, oil production averaged 95,000bpd initially. …

Read More »

IMF Upholds Unchanged Global Growth Forecasts

Kuala Lumpur (Web Desk) The International Monetary Fund (IMF) kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China.In an updated World Economic Outlook published on Monday, the IMF said global gross domestic product would …

Read More »

Petroleum Products Supply Cut Off, Oil Tankers Go On Strike

Karachi (Web Desk) The All Pakistan Oil Tankers Association (APOTA) has gone on a strike across the country on Monday against collecting double toll tax and abusive behavior of traffic police.According to APOTA representatives, the strike is to protest against the safety regulations of Oil and Gas Regulatory Authority (OGRA) …

Read More »

Mideast growth to dive as Saudi economy stagnates: IMF

RIYADH (Web Desk) Economic growth in the Middle East and North Africa is forecast to slow considerably over oil prices as the Saudi economy slides, the International Monetary Fund said on Monday.After a better than expected performance with five per cent growth in 2016, the economies of countries in the …

Read More »

Bankers fear rupee will fall again

ISLAMABAD (Web Desk)  The uneasy calm that prevailed in Pakistan’s forex market prior to the July 5 massive decline in the rupee’s value is still not over and a debate is raging about whether the local currency will fall again.This debate became more intense as recently released data showed that …

Read More »

Stocks recover losses in cautious trade

KARACHI: (Web Desk) The stock market managed to break the four-week losing spree in the outgoing week with the KSE-100 index showing recovery of 957 points (2.2 per cent) to settle at at 45,294. The investor sentiments were dictated by the developments on the court hearings of Panamagate case. As …

Read More »