India’s steel imports surge in March after 4 months

NEW DELHI: In H1 FY2016, total cargo handled at Indian ports registered a modest 2% increase to 516 million tonnes...

A ship is connected to the Basra Oil Terminal, 12 nautical miles off the Iraqi coast in the waters of the Northern Arabian Gulf, close to the port town of Umm Qasr August 8, 2006. REUTERS/Thaier Al-Sudani

Huge oil tanker traffic jam builds at Iraq’s Basra port

SINGAPORE: traffic jam of nearly 30 large oil tankers has built up outside the Iraqi port of Basra due to...

MPA gives 10% concession on port dues for bulk carriers

WASHINGTON: More help is at hand for the ailing shipping industry, with the Maritime and Port Authority of Singapore (MPA)...

Container traffic rises at India’s major ports

NEW DELHI: India’s major ports controlled by the union government recorded a 3 percent year-over-year increase in container throughput in...

FBR Chairman Nisar vows to achieve revenue target

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has vowed to achieve the annual target of Rs 3,104...

Near 0.15m local 8,206 foreign tourists visited hill stations: PTDC

ISLAMABAD: The Pakistan Tourism Development Corporation (PTDC) Tuesday reported that as many as 145,068 local and 8,206 foreign tourists had...

Karachi Port’s shipping intelligence report

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...

Unemployment rate eases to 8.6% in March

WASHINGTON: New figures from the Central Statistics Office show that the seasonally adjusted monthly unemployment rate eased to 8.6% in...

Instem revenues up 22%

WASHINGTON: Instem, a leading provider of IT solutions to the global early development healthcare market, saw revenues rise by 22%...

Over 40 Italian companies want to invest in Pakistan: Envoy

LAHORE: The Italian investors are willing to invest in Pakistan, said Ambassador of Italy Stefano Pontecorvo. Speaking at the first...

Jordanian, Iraqi businessmen seek joint trade zone

AMMAN: Jordan’s exports to Iraq in 2015 stood at $690 million compared to $1.16 billion in 2014, the Jordan News...

ECC okays procurement of 7.05m tonnes wheat

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) meeting, under the chairmanship of Finance Minister Mohammad Ishaq Dar, has...

Iraq Kurdish oil exports 327,371 bpd in March

BAGHDAD: Iraq’s Kurdish region exported an average of 327,371 barrels per day (bpd) of oil in the month of March,...

Bangladesh’s exports rise 9% to $24.95 bln

DHAKA: Bangladesh's exports rose by nearly 9% to $24.95 billion in the first nine months of the current fiscal year....

Dar says govt made payments for $500m Eurobond issued in 2006

ISLAMABAD: The government had made payments for the $500 million Eurobond which was issued in Musharraf’s tenure in 2006. This...

Portugal misses 2015 deficit target

LISBON: Portugal has missed its 2015 fiscal deficit target and looks set to remain under the European Union’s excessive deficit...

PGNiG plans to sale natural gas on foreign markets

WARSAW: Poland's biggest gas company PGNiG plans to sell natural gas on foreign markets and wants to renegotiate its long-term...

NOC to hire 50 more gas tankers to boost imports

KATHMANDU: Nepal Oil Corporation (NOC) has decided to hire another 50 tankers from two Indian companies to transport liquefied petroleum...

Ukraine, India confirm plans to boost defense cooperation