Business

Govt raises profit rates on national savings schemes

Govt raises profit rates on national savings schemes

The Ministry of Finance has notified an increase in profit rates on various National Savings schemes, ARY News reported Thursday.…
Pakistan, Hungary launch trade and economic window

Pakistan, Hungary launch trade and economic window

Foreign Minister Shah Mehmood Qureshi and his Hungarian counterpart Peter Szijjarto jointly inaugurated ‘Hungary-Pakistan Trade and Economic Window’ on Thursday.…
Rupee closes 38 paisa higher against US dollar

Rupee closes 38 paisa higher against US dollar

The Pakistani rupee continued to strengthen against the United States (US) dollar in the inter-bank currency market on Thursday. According…
Islamic banking shows ‘tremendous’ 30pc growth in assets for CY2020

Islamic banking shows ‘tremendous’ 30pc growth in assets for CY2020

The State Bank of Pakistan said Wednesday it recorded the highest growth since 2015 in Islamic banking assets and deposits…
In $20bn push, Intel hopes to make US chip-making great again

In $20bn push, Intel hopes to make US chip-making great again

Intel Corp says it will greatly expand its advanced chip manufacturing capacity as the United States-based technology giant’s new chief…
Pakistan’s new mobile manufacturing policy to offer manufacturers ‘strong incentives’

Pakistan’s new mobile manufacturing policy to offer manufacturers ‘strong incentives’

Pakistan would soon roll out its new mobile phone manufacturing policy that would offer manufacturers lucrative incentives, Minister for Industries…
Designs of India’s planned hydroelectric plants: Pakistan to raise objections

Designs of India’s planned hydroelectric plants: Pakistan to raise objections

India and Pakistan are to hold the first meeting in three years today of a commission on water rights from…
Pakistan soon to start manufacturing COVID vaccine by using “technology transfer” from China

Pakistan soon to start manufacturing COVID vaccine by using “technology transfer” from China

Pakistan will soon start manufacturing COVID-19 vaccine by using “technology transfer” from China, Arab News reported on Tuesday. As per details, an…
Dollar steadies ahead of Powell testimony, housing reforms hit kiwi

Dollar steadies ahead of Powell testimony, housing reforms hit kiwi

The dollar hovered below recent peaks on Tuesday as investors looked to US policymakers for clues on whether they may…
Pakistan’s current account in deficit for the second month

Pakistan’s current account in deficit for the second month

Pakistan’s external account posted a deficit for the second month in February as its current account deficit (CAD) stood at…
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