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USD 1.2 billion Saudi oil facility yet to be operationalised in Pakistan
Updated : 4 years, 5 months ago IST
Islamabad [Pakistan], February 4 (ANI): Owing to legal and procedural delays, Pakistan authorities have not been able to operationalise a 1.2 billion USD Saudi oil facility (SOF), local news reported on Friday.
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Pakistan, China ink framework agreement on industrial cooperation under CP
Updated : 4 years, 5 months ago IST
Beijing [China], February 4 (ANI): Pakistan and China on Friday inked the Framework Agreement on Industrial Cooperation under Beijing's multi-billion CPEC project in Pakistan following Prime Minister Imran Khan's arrival here on the previous day.
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Meta single day loss of $240 billion is bigger than total value of India's
Updated : 4 years, 5 months ago IST
Mumbai (Maharashtra) [India], February 4 (ANI): The market value of Facebook parent company Meta Platforms Inc plunged by $240 billion in a single day on Thursday as the company's share crashed by 26 per cent.
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CPEC won't yield results without structural reforms: ADB
Updated : 4 years, 5 months ago IST
Mandaluyong [Philippines], February 3 (ANI): Stressing the need for structural reforms, the Asian Development Bank (ADB) has said Pakistan can improve its economic connectivity if the USD 60 billion China-Pakistan Economic Corridor (CPEC) is implemented successfully.
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Pakistan's trade deficit exceeds annual target in current fiscal year
Updated : 4 years, 5 months ago IST
Islamabad [Pakistan], February 3 (ANI): Pakistan's trade deficit widened to USD 28.8 billion in the first seven months of the current fiscal year more than the annual target set by the federal government further increasing the foreign borrowing requirement to bridge the yawning gap.
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Pakistan-Saudi deal worth USD 20 billion yet to take-off as Imran Khan gov
Updated : 4 years, 5 months ago IST
Islamabad [Pakistan], February 3 (ANI): Faced with economic stagnation the Imran Khan-led government in Pakistan which has unsuccessfully tried to increase Foreign Direct Investments (FDI) has been let down by Saudi Arabia too, on whom Islamabad pinned its hopes.
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IMF approves USD 1bn loan tranche for Pakistan
Updated : 4 years, 5 months ago IST
Islamabad [Pakistan], February 3 (ANI): The International Monetary Fund's executive board on Wednesday revived Pakistan's stalled programme and cleared USD 1 billion tranches after Islamabad gave complete autonomy to the country's central bank and took around PKR 800 billion measures, report
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Merchandise export in Jan '22 grows 23.69 pc, trade deficit widens to USD
Updated : 4 years, 5 months ago IST
New Delhi [India], February 2 (ANI): India's merchandise export in January 2022 grew to USD 34.06 billion registering a 23.69 per cent growth over the USD 27.54 billion of merchandise shipments in January 2021, pushed by robust performance by engineering, petroleum as well as gems and jewell
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India's export in January 2022 rose by 23.69 pc to USD 34.06 billion
Updated : 4 years, 5 months ago IST
New Delhi [India], February 2 (ANI): India's merchandise export in January 2022 increased by 23.69 per cent to USD 34.06 billion over USD 27.54 billion in January 2021; records increase of 31.75 per cent over USD 25.85 billion in January 2020, informed the Ministry of Commerce and Industry o
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A new health & wellness brand is making some noise in the Indian marke
Updated : 4 years, 5 months ago IST
New Delhi [India], February 2 (ANI/PNN): The sports nutrition industry was worth 10 billion dollars in 2020, and after a jump of more than 60 per cent market size in 2021, the industry is now worth 16.7 billion dollars. People are becoming more conscious of their health, attracting them to n
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Pakistan's energy sector circular debt rising by Rs 38 billion per month
Updated : 4 years, 5 months ago IST
Islamabad [Pakistan], February 2 (ANI): Pakistan's energy sector circular debt flow is still soaring with an average growth of about Rs 38 billion per month recorded during the first six months (July-December) 2021-22.
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India's exports to China rise by 21 per cent to USD 22.9 billion in 2021
Updated : 4 years, 5 months ago IST
New Delhi [India], February 2 (ANI): India's exports to China rose by 21 per cent to USD 22.9 billion in the 2021 calendar year while imports surged by 49 per cent to USD 87.5 billion during the same year, according to data released by the Directorate General of Commercial Intelligence an
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