Economic Coordination Committee decides to purchase 378,000 tons of sugar for strategic reserves
With sugar mills reducing their bid price by about Rs17 per kg, the Economic Coordination Committee of the cabinet on Tuesday decided to purchase 378,000 tons of sugar for strategic…
Pak, China sign currency swap agreement
State Bank of Pakistan (SBP) and People’s Bank of China (PBC) signed the currency swap arrangement in Islamabad Pakistan and China on Friday signed a currency swap agreement to promote…
Indian cabinet clears costly food subsidy bill
The Indian cabinet has approved a landmark bill to provide subsidised food to hundreds of millions of people — a populist but hugely costly project that critics say will strain…
Pak-Iran border re-opens after three months
The Pak-Iran border, which had been closed for three months after the incident in Matung, opened once again on Sunday, media sources reported. The border had been closed on September 24, 20011,…
Russia secured final approval to join World Trade Organization
Russia secured the final approval on Friday to join the World Trade Organization after a record 18 years of trying. The WTO’s 153 members gave their second and final approval…
Pakistani rupee at record low of 89.36 to dollar
The Pakistani rupee traded at a record low early on Wednesday weighed by import payments and a bleak outlook for the country’s economy. “The rupee was traded at 89.36 (to…
Eurozone official growth stagnates at 0.2 percent in third quarter
Eurozone growth flattened at 0.2 percent in the third quarter, official EU data showed on Tuesday, confirming an earlier estimate. The 17-nation bloc’s economic expansion between July and September was…
Oil prices rise on supply concerns
Oil prices rose on Monday with Brent crude futures up over $111, extending last week’s gains as rising tensions between Iran and the West increased the risk of disruption to…
World Bank report: Pakistan among top 10 recipients of remittances
World Bank’s new estimates released on Thursday placed Pakistan among top 10 recipients of remittances among developing countries, fetching $12 billion this year. India leads with $58 billion followed by…
Again prices of diesel, petrol increased
The government has again decided not to reduce prices of petroleum products despite a decline in oil prices in the international market, apparently to cover adjustments made in petroleum levy.…
