Punjab govt signs MoU with Turkey for construction of 50,000 low-income housing
LAHORE: The Punjab government has signed an MoU with Turkey for the construction of 50,000 low-cost houses in the province....
Pesco decreases financial deficit by 52%
PESHAWAR: The Peshawar Electric Supply Company (Pesco) has announced to reduce its financial deficit by 52 per cent and showed...
Nobody will be allowed to make CPEC controversial: Minister
ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) is the most crucial project for Pakistan’s economic stability and national security and it...
ICCI hails 4 years tax amnesty scheme for traders
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed the four-year tax amnesty scheme announced by the Prime...
S.A Customs confiscates rhino horn at OR Tambo
JOHANNESBURG: Customs officials confiscated two rhino horns worth R3-million at the Oliver Tambo International Airport last week. The horns weighed...
Egypt to apply new round of customs deductions on EU-imported cars
CAIRO: Egypt will apply a new phase of 10 per cent cuts on customs of vehicles imported from the European...
India Customs seizes 38 cartons of smuggled liquor, 6 arrested
NOIDA: The district excise department seized 38 cartons of smuggled liquor and six smugglers were arrested from various parts of...
Turkish trade deficit falls 30% to $6.12 b in December
ISTANBUL: Turkey's trade deficit in December shrank 30 percent year-on-year to $6.12 billion and for 2015 as a whole fell...
North Sea Forties crude oil to load 22 cargoes in Feb
BERLIN: North Sea Forties crude oil will load at a rate of 455,171 barrels a day in February, down from...
Iranian ports load, unload 97m tons of goods in 9 months
TEHRAN: Iran’s Ports and Maritime Organization has announced that 97.609 million tons of commodities have been loaded and unloaded in...
China shipbuilder goes bankrupt as industry slows
BEIJING: A court in the eastern province of Zhejiang said it recently accepted a bankruptcy case involving a state-owned shipbuilder,...
Asia fuel oil-discounts slashed on final trading session
SINGAPORE: The Singapore 380-cst fuel oil cargo discount narrowed for a second straight session on anticipated tight supply in early...
Ireland motor tax on commercial vehicles drops by up to €4k
DUBLIN: Motor tax on trucks and vans has fallen by as much as €4,000 a year in some cases as...
Singapore 380 CST bunker fuel spot premiums surge on tight availability
SINGAPORE: Premiums for both ex-wharf and delivered 380 CST bunker fuel against the Mean of Platts Singapore 380 CST high...
Egypt tourism in meltdown as British airlines refuse to fly
CAIRO: Egypt is facing economic misery after British tourists stopped flying to Sharm el-Sheikh. The resort shows no sign of...
Honda Jazz RS may be showcased at Auto Expo 2016
TOKYO: Honda Jazz, which was launched in India in July, 2015, is all set to add another variant to its...
Irish seafood industry to achieve €1bn sales by 2020
DUBLIN: A new €241m development programme for the seafood sector for the period up to 2020 will be rolled out...
Cuba sets new record for tourist arrivals in 2015
HAVANA: Cuba set a new record for foreign tourist arrivals with one month remaining in 2015, a year in which...
Chile’s forestry exports fall 9%
SANTIAGO: Chile has exported roughly $5.55 billion in forestry products this year, down 9 percent from 2014, the industry association...
Bolivia postpones allocation of its largest iron ore mine
LA PAZ: The Bolivian government has once again postponed the allocation of the country's largest iron ore mine, El Mutun,...
