41% drop in Russian car loans in 2015
MOSCOW: About 485,000 car loans were issued in Russia in 2015, 41 percent less than in 2014, the Vedomosti newspaper...
India, ADB sign $80m loan agreement to improve urban services
NEW DELHI: The Asian Development Bank (ADB) and the Government of India signed here today an $80million loan agreement to...
Textile industry demands cut in power tariffs as per PM’s announcement
LAHORE: The textile industry has urged the authorities concerned to immediately reduce power tariffs for the industry by Rs3 per...
Japanese exports to China fall for first time in 3 years
TOKYO: Japanese exports to China fell in 2015 for the first time in three years, according to a trade report...
Inquiry into 20 illegal OGRA appointments ordered
ISLAMABAD: The Public Accounts Committee (PAC) has issued directives for starting an inquiry into the illegal appointments to the Oil...
Norway scraps tax on news to encourage media
OSLO: Norway is slashing tax on all news publications to zero, in line with the country's policy of encouraging a...
Iran, Germany’s Siemens ink $1.6b deal
TEHRAN: The chief executive officer of Siemens AG, Europe's biggest industrial group, said the German company signed a memorandum of...
Philippines eyes Denmark for fish, technology trade
MANILA: Trade and industry officials are positioning the Philippines as Denmark’s gateway into the Asean, particularly in fish export and...
Record year for Danish wind power
COPENHAGEN: Wind production in Denmark reached 14.1TWh in 2015, providing 42.1% of electricity, thanks to a windy year and 184MW...
Saudi customs revenues increase in 2015
RIYADH: Saudi Customs has achieved a remarkable increase in its customs revenues for 2015 totaled 29.85 billion riyals, of which...
Saudi Industrial Development Fund approves loans over SR 11b in 2015
RIYADH: The Director General of Saudi Industrial Development Fund (SIDF), Abdulkarim Al-Nafie said that the Fund recorded unprecedented numbers during...
SECP takes up four Shariah standards
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has adopted four Shariah Standards, issued by the Accounting and Auditing...
Assist Director (MIS) Muhammad Tariq to retire in May
ISLAMABAD: Muhammad Tariq, Assistant Director (MIS) BS-17, is going to retired from the government service on attaining the age of...
Oil rich Saudi Arabia wastes $13 bln a year in food
RIYADH: Oil-rich Saudi Arabia wastes $13 billion a year in food, according to a new report. Above, a vendor selling...
IPR flays govt over increasing unemployment
LAHORE: Responding on the Pakistan Bureau of Statistics’ recently-released report Labour Force Survey of 2014-15, the Institute for Policy Reforms...
Korea’s cigarette imports surge in 2015
SEOUL: Korea's cigarette imports surged in 2015 after contracting for four straight years despite government efforts to discourage smoking by...
Spain: Horticultural imports up 16% in Nov
MADRID: In November, Spanish fruit and vegetable imports grew by 16% in volume and 30% in value compared to the...
Islamic banking couldn’t facilitate common man in 10 years: Ishrat
PESHAWAR: Former State Bank of Pakistan governor Ishrat Hussain has said that the Islamic banking system have not facilitated common...
Ukraine plans to reduce imports of natural gas by 20-30% in 2016
KIEV: Ukraine plans to reduce imports of natural gas in 2016 by 20-30% compared to 2015, down to 11-13 billion...
Increased exports a victory for Afghan traders: Ghani
KABUL: President Ashraf Ghani on Wednesday said the increase in exports of Afghan products was a victory for traders and...
