Kuwait predicts $38b budget deficit
KUWAIT CITY: Kuwait finance ministry Thursday predicted a record budget deficit for the fiscal year starting April 1 on the...
Punjab govt spending Rs 109m on fish seed nursing farms
LAHORE: The Punjab government is spending Rs 109.530 million on the rehabilitation and improvement of existing six fish seed nursing...
Unemployment rate increase to 9.2% in Dec
HELSINKI: The unemployment rate in December 2015 was 9.2 per cent, having been 8.8 per cent in the year before....
India’s mustard output expected to grow for first time in 3 years
NEW DELHI: India's mustard output is expected to grow for the first time in three years this season, government estimates...
Shipping intelligence report of Karachi Port
KARACHI: The Karachi Port Trust (KPT) Thursday issued the following shipping report for the last 24 hours, ending 0700 hours....
Shipping movements report of KPT
KARACHI: Following were the Movements of Ships at Karachi Port Trust (KPT) during the last 24 hours, ending at 0700...
Switzerland’s ADM wins tender to supply 50,000 tonnes of wheat to Bangladesh
GENEVA: Switzerland's ADM International has secured a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest...
Pak rupee again slips in open market
KARACHI: The Pakistani rupee Thursday again lost value against the US dollar in the cash-free market. According to the local...
Big Dutch pension funds warn of possible cuts in 2017
AMSTERDAM: The Netherlands’ two biggest pension funds may have to cut pensions next year because their assets have fallen below...
Brazil iron ore exports surge 6% in Dec
BRASÍLIA: The most recent statistics released by Brazil’s Secretary of Foreign Trade (Secex) indicates significant rise in iron ore exports...
Two men charged after ‘cannabis worth an estimated £1m’ seized in Belfast
BELFAST: Two men have been charged after herbal cannabis with an estimated street value of about £1m was seized in...
National Bank of Abu Dhabi reports net profits of AED 5.232 bln for 2015
ABU DHABI: National Bank of Abu Dhabi (NBAD) reported net profits of AED 5.232 billion for FY’15, down six per...
Canadian oil production to keep rising even if pipelines not approved: National Energy Board
TORONTO: Canada’s top energy regulator says the country’s crude oil production will continue to grow until at least 2040 even...
Cotton spot price up by Rs135 to Rs5,585 per mound
KARACHI: The cotton spot price Thursday increased by Rs135 to Rs5,585 per mound (37.324kg). According to the Karachi Cotton Association...
Turkish Govt to offer permits for meat imports to lower prices
ANKARA: Turkish government will offer permits for meat imports to lower prices and to prevent consumer losses, said Economy Minister...
Engro Foods announces Rs561m profit for Q4
KARACHI: Engro Foods has announced Rs561 million profit-after-tax (PAT) for fourth quarter of calendar year 2015with earnings per share (eps)...
Hungary eyes Polish style retail tax
BUDAPEST: Hungary is considering following Poland in introducing a new progressive tax on retailers this year, a senior Hungarian government...
New Zealand wine exports reach record $1.5 bln high for 2015
WELLINGTON: New Zealand wine exports have reached a new record high of $1.54 billion for the 2015 year, up 14%...
FFC earned Rs16.77 billion in 2015
KARACHI: Fauji Fertiliser Company Ltd (FFC) has posted 7.7 per cent year-on-year decrease in its profits for fourth quarter of...
Finland signs tax information exchange deal
HELSINKI: Finland on Wednesday signed an agreement to exchange information among tax administrations of other countries. The agreement was written...
