Business News

Pakistan makes impressive progress in poverty reduction: WB

  • ISLAMABAD, Mar 13 (APP): The World Bank Group in its recently published report “Pakistan Country Snapshot” has said that the country has made impressive progress in reducing absolute poverty and improving shared prosperity. “The percentage of the population below the national poverty rate has fallen from 34.7 per cent in fiscal year 2002 to an […]

  • Pakistan to have steady growth, recovery-cum-low inflation for next 2 years: WB

    ISLAMABAD, Mar 13 (APP): The World Bank in its recent Macroeconomic Outlook-2015 about Pakistan, has projected steady growth, recovery-cum-low inflation, supported by fiscal consolidation and improving external position for the next two years. According to the Bank’s Outlook-2015, Pakistan economic growth was projected to accelerate to 4.5 percent in FY 2016 and then further to […]

  • China’s industrial output growth slips to 5.4% on-year in Jan-Feb: govt

    BEIJING, March 12, (APP/AFP) – China’s industrial production is growing at its slowest rate since the global financial crisis, the government said Saturday. The measure, which gauges output at factories, workshops and mines in the world’s second-largest economy, rose 5.4 percent year-on-year in January and February. The figures were the weakest since November 2008, during […]

  • Commodities gains boost Australian, Canadian dollars

    NEW YORK, March 12, (APP/AFP): Confidence returned to foreign exchange markets Friday after the turbulence from the European Central Bank meeting, with the safe-haven yen dropping and the Canadian and Australian currencies jumping on firming commodity prices. The euro was slightly lower on the dollar at $1.1149 after huge swings on Thursday due to the […]

  • Kerb currency market

    KARACHI, (APP): Following were the Closing rates of foreign currencies in kerb market, issued by the Forex Association of Pakistan (FAP) here on Friday. F.C. LOW RATE HIGH RATE U.S $ (Inter Bank) 104.68 104.73 U.S $ (Cash Free Market) 105.60 105.80 SAUDIA RIYAL 28.05 28.25 UAE DIRHAM 28.75 28.95 EURO 116.50 117.50 UK POUND […]

  • Shipping activity active at Port Qasim

    KARACHI, (APP): Shipping activity remained active at the Port Qasim (PQ). Three ships C.V Mataquito, C.V MSC Rachele and M.T Argent Fresia carrying containers and Phosphoric Acid were berthed at Qasim International Container Terminal and Engro Vopak Terminal respectively on Thursday, March 10 2016. Meanwhile four more ships carrying Containers, Palm Oil and Chemicals also […]