Malaysia police seize ketum powder worth RM280,000
GEORGE TOWN: Penang police seized 2.8 tonnes of ketum powder worth RM280,000 meant for the export market from a shophouse...
Dy Commissioner-IR Kashif assumes charge
ISLAMABAD: Kashif Manzoor Malik, a BS-18 officer of Inland Revenue Service, has assumed the charge of the post of Deputy...
Iran’s oil exports rise to 1.8 mln bpd
TEHRAN: Iran’s oil exports have risen to 1.8 million barrels per day (bpd) for the first time since 2012, Managing...
China producer prices down 4.9% in February
BEIJING: China's producer price index (PPI), which measures costs for goods at the factory gate, slid 4.9 percent year on...
Dy Commissioner Roman exonerated
ISLAMABAD: Syed Roman Ali Shah, an Inland Revenue Service officer of BS-18, has been exonerated from allegations levelled against him....
China February consumer prices up 2.3%, hitting 19 months high
BEIJING: China's consumer prices grew 2.3 percent in February from one year earlier, up from January's 1.8 percent, official data...
Japan to import 46,980 tons of feed wheat, barley via tender
TOKYO: Japan's Ministry of Agriculture said it would import 26,230 tonnes of feed-quality wheat, and 20,750 tonnes of barley for...
FBR starts investigating assets of rich individuals
KARACHI: Federal Board of Revenue (FBR), expediting its drive to extend tax net, has started investigating the assets of ‘rich’...
Foreign currency deposits in S. Korea reduce on import settlement
SEOUL: Foreign currency deposits in South Korea reduced last month due to soft demand for Chinese yuan deposits and withdrawal...
China’s slow growth hits world merchandise import
BEIJING: Global merchandise import growth slowed to 1.7 percent in 2015 as China’s slower growth path and difficulties in commodity...
Saudi Electricity refinances $1 bln loan for gas plant
RIYADH: State-run utility Saudi Electricity Company (SEC) and its partners in a gas-fired power plant in Saudi Arabia have refinanced...
Yusen opens import operation in Jakarta
TOKYO: Japan-based forwarder, Yusen Logistics, has reached into Southeast Asia, opening its own import operation at Halim Perdanakusuma International Airport...
Cathay earnings surge as global oil prices tumble
HONG Kong-based carrier Cathay Pacific said net profit almost doubled last year as tumbling oil prices slashed fuel costs and...
Oil import bill plunges 55% due to embargo in Nepal
KATHMANDU: Nepal’s spending on oil imports plunged 55.4 percent in the first seven months of the fiscal year as the...
BMW reports record $6.6b profit
BERLIN: The cylinder tower of the German carmaker BMW is seen in Munich. BMW yesterday reported a record profit of...
India steel imports at Rs 36,073 crore in April-Jan FY16
NEW DELHI: India, the world's third largest steel producer, imported steel worth Rs 36,073 crore in the first 10 months...
FBR officers barred from going abroad till June 30
ISLAMABAD: With the aim to achieve the budgetary targets, Federal Board of Revenue (FBR) has barred the officers from going...
Dutch bank opens first branch in Shanghai
AMSTERDAM: Dutch lender ABN AMRO has opened a branch in Shanghai focusing on supporting the bank's corporate clients in the...
Nigeria seeks to end petroleum imports within 18 months
ABUJA: Nigeria, Africa’s top oil producer wants to end its need for imported petroleum products within 18 months, the country’s...
Belgian pharma companies suspected of supplying drugs to Mexican baron
BRUSSELS: Seven Belgian pharmaceutical companies are accused of supplying a Mexican drugs baron with ingredients to make millions of methamphetamine...
