KARACHI : Sindh Minister for Information Shazia Marri has said the Government will make all out efforts to encourage automobile, IT and Energy sectors of Pakistan.
She was talking to a delegation of Japanese businessmen here Monday.
The Japanese business people informed the Minister that Japan is second biggest economy of the world and around 10,000 people […]
RAWALPINDI : Prime Minister Syed Yousuf Raza Gilani on Monday said the government believed in a knowledge-based economy and called for promoting research and linkages between development institutions and industry to achieve sustainable economic growth.
Addressing the 14th Convocation of the College of Electrical and Mechanical Engineering (EME), under the National University of Sciences and Technology, […]
ISLAMABAD : The Finance Minister Muhammad Ishaq Dar told the Standard and Poors, the Credit Rating Agency that the Pakistan is making all efforts to streamline the economy.
David T. Beers of Standard and Poors, Credit Rating
Agency called on Senator Ishaq Dar at Madrid on Monday and discussed the macro-economic situation in the country […]
KARACHI : The associations of CNG filling stations have increased price of compressed natural gas (CNG) in Sindh by Rs 1.25 to Rs 38.25 per kilogram, a move vehemently opposed by the users.
Chairman CNG Station Owners Association (CSOA) Malik Khuda Buksh, said that the decision has been taken at an emergency meeting of the CSAO […]
MADRID : The head of the Asian Development Bank called on Monday for an immediate response to soaring food prices which he said threatened a billion Asians with a risk of malnutrition.
The head of the bank, Haruhiko Kuroda, also warned that the food problem could cut into decades of economic gains in the Asia-Pacific region.
“These […]
NEW YORK : Oil prices crossed 120 dollars a barrel in New York on Monday following fresh unrest in Nigeria, Africas largest oil producer, and rising tensions between the West and Iran.
New Yorks main oil futures contract, light sweet crude for June delivery, briefly hit 120.20 dollars, before slipping back at 1520 GMT to 120 […]
DPA Taipei, May 5 (DPA) Taiwan’s foreign currency reserves hit $289.3 billion by the end of April, the world’s fifth-largest after those of China, Japan, Russia and India, the central bank said Monday. Taiwan’s foreign currency reserves increased by $2.5 billion in April from the preceding month amid the accumulation of interest and the […]
Kolkata, May 5 (IANS) Malaysia-based leading telecom services major Maxis Communications plans to invest $4-5 billion by 2010 to strengthen its network in India, a top company official here said. “We will invest $4-5 billion in the Indian market by 2010. The investment will be made to beef up our pan-India presence here,” Maxis […]
Mumbai, May 5 (IANS) Premier German airlines Lufthansa announced the launch of three new non-stop flights between Mumbai and Munich starting Sunday. With the introduction of the new service, Lufthansa will become the first and only airline operating between Mumbai and Munich with three weekly flights. Airbus A340-300 will be deployed on this route. […]
KUALA LUMPUR :Malaysias largest lender, Malayan Banking (Maybank), has bought a strategic stake in Pakistans MCB Bank for $680 million, betting on a brighter economic future for the frontier state.