Saudi Arabia sees 10-15% decline in steel demand
RIYADH: Saudi Arabia has witnessed a 10-15% decline in steel demand as builders await the rise in real estate prices...
South’s Korea KOGAS cuts 2015 LNG imports 13.5%
SEOUL: South Korean state-owned Korea Gas Corp.'s imports of LNG fell 13.5% to 31.41 million mt last year, as the...
US beef imports expected to decline over 2016
WASHINGTON: US beef imports are off to a slow start and there is broad expectation that import volume will decline...
Russia PP imports rise 27% in Jan 2016
MOSCOW: January overall imports of polypropylene (PP) into Russia rose by 27% year on year, totalling slightly over 11,000 tonnes,...
China’s Jan coal imports fall 9% on year
BEIJING: China's coal imports, including lignite, thermal and metallurgical coal, totaled 15.23 million mt in January, down 9.2% year on...
Veg oil imports increase 17% to 40.14 lakh tons in Q1
WASHINGTON: Vegetable oil import during the first quarter of the current oil year (November-October) rose by 17 percent to 40.14...
India’s international trade in services remains flat in Dec 2015
NEW DELHI: India's international trade in services remained almost flat from a year ago in December 2015 with exports of...
GE explores oil, gas business in Iran
TEHRAN: General Electric Co is exploring potential business opportunities in Iran and the chief executive of its oil and gas...
Adani Ports surges 5%
WASHINGTON: The S&P BSE Sensex was down 38 points at 23,517 and the Nifty50 was down 17 points at 7,146....
Ports of Indiana destroy previous annual record
NEW DELHI: The Ports of Indiana, which includes Northwest Indiana's deepwater Lake Michigan harbor, handled a record 12.2 million tons...
SECP ‘wants’ QCR-rated auditors for better performance of cost audit
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a circular requiring appointment of QCR-rated auditors for performance...
CCP imposes Rs20m fine on Dawn Foods for copying packaging, labelling
ISLAMABAD: For violating Section 10 of the Competition Act, 2010, the Competition Commission of Pakistan (CCP) imposed Rs20 million fine...
Askari Bank’s profits up by 46% to Rs8.43b in 2015
LAHORE: Askari Bank has posted positive annual financial results for the year ended December 31, 2015. According to the official...
Akram Durrani asks investors to avail benefit from industrial sector in Karak
PESHAWAR: The Federal Minister Akram Khan Durrani said a major Liquefied Petroleum Gas (LPG) plant had established in district Karak,...
Australian envoy vows to make efforts to boost mutual trade ties with Pakistan
SIALKOT: High Commissioner of Australia to Pakistan Margaret Adamson has assured the Sialkot exporters to provide level playing field for...
FBR realizes Rs 1664b revenues till February 15
ISLAMABAD: The Federal Board of Revenue (FBR) has realized Rs 1664 billion revenues upto February 15 against the collections of...
Misperception about Pakistan incorrect, biased: Spanish envoy
LAHORE: Spanish Ambassador to Pakistan, Carlos Morales said that Pakistan is a land of opportunities and misperception about its reputation...
APAT rejects govt tax amnesty scheme, WHT
LAHORE: President All Pakistan Anjuman-e-Tajran (APAT) Naeem Mir said that traders community collectively decided that government must withdraw withholding tax...
Punjab to export 3 million ton potatoes this year: Dr Farrukh
ARIFWALA: Provincial Minister for Agriculture Dr Farrukh Javed said the process of potato export to international markets had been started...
China ships record 117.3 mln smart phones in Q4 of 2015
BEIJING: China has shipped a record 117.3 million smartphones in the fourth quarter of 2015, with sales fuelled in part...
