China daily steel output hits record in mid-March
Beijing: China’s daily output of crude steel rose 2.6 percent to a record 1.945 million tonnes from March 11-20, despite faltering demand and surging steel...
Business
Latest business news from US, UK, Pakistan, Middle East and around the world
Pak needs another urea plant by 2014: Bijarani
by Ali Hussain
Islamabad: Pakistan will need to establish another urea fertilizer plant by 2014 to cater to the domestic demand and void import of the fertilizers....
Weekly inflation dips by 0.18pc
Islamabad: The Sensitive Price Indicator (SPI), for the week ended on 24 March, for the lowest income group up to Rs.3,000, has registered decrease of...
Uzbekistan agrees to provide one million cotton bales to Pakistan
by Saeed Abbasi
Karachi: With serious effort of Prime Minister Syed Yousuf Raza Gilani, the Uzbekistan government has agreed to provide one million cotton bales to Pakistan up...
State Bank policy rate unchanged at 14 percent
by Abdul Hafeez
Lahore: The State Bank of Pakistan has decided to keep its policy rate unchanged at 14 percent. This decision was taken at a meeting of...
2 More Pakistan Banks Sign Trade Finance Program with ADB
by Saeed Abbasi
Manila: Two more Pakistan banks have signed up to the Asian Development Bank’s (ADB) Trade Finance Program (TFP) which should make it easier for companies...
Japan earthquake rattles carmakers in China
by Agencies
Beijing: The global supply chain disruption following the earthquake and tsunami in Japan has sent shockwaves through auto makers in China, especially companies that are...
No urgent need for IMF money
by Mirza Hassan
Islamabad: Pakistan was no more in dire need of urgent financing from International Monetary Fund as forex reserves were sufficient to make external payments due...
Russia to double oil export to Japan
by Agencies
Moscow: A senior Cabinet official has said that Russia will double its oil exports to Japan to 18 million tons this year to help its...
$8 billion a year estimated to meet MDG target
by Saeed Abbasi
Manila: Asian Development Bank estimates that about $ 8 billion a year will be needed to meet the Millennium Development Goal target for safe drinking...