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Hungary signs for EIB loan for €500 million
BUDAPEST: Hungary signed for a €500 mln loan from the European Investment Bank (EIB) on Monday, state news agency MTI...
Hungary Maastricht debt reaches 77.6% of GDP at end-Q1 OF2015
BUDAPEST: Hungaryʼs gross consolidated general government debt, calculated at nominal value, in line with Maastricht methodology, reached 77.6% of GDP...
Residential Internet of things shipments to reach US$70bn in 2025
US: A new report from US market research and consulting firm, Navigant Research estimates that global revenue from shipments of...
Saudi Prince announces to donate all wealth of $32b to charity
DUBAI: Setting an historic example for the rulers in Middle East, Saudi Arabia's Prince Alwaleed bin Talal has announced to...
U.S. labor secretary says, new port labor laws pointless
U.S: The Obama administration's top labor official this week said he opposed legislation that would enable states to intervene in...
Peel Ports aims to break South-East dominance with Liverpool2 terminal
PEEL PORTS: In a presentation to British parliamentarians, Peel Ports has made the case for its new £350m (US$550m) Liverpool2...
Nepal imports Rs12.40b worth of rice in first 10 months of fiscal year
KATHMANDU: Nepal imported Rs12.40 billion worth of rice in the first 10 months of the fiscal year recording a rise...
South Korean lender Shinhan Bank moves into Indonesian banks
SEOUL: The move by South Korean lender Shinhan Bank into the Indonesian banking market is well under way following its...
Cost surges from $1.8b to $4.21b: ME financiers stop $433m loan for Neelum-Jhelum power project
ISLAMABAD: The 969MW Neelum-Jhelum Hydropower Project has faced another setback as the financiers from the Middle East have halted loan...
Central bank simplifies remittance procedures
KARACHI: The State Bank of Pakistan (SBP) has made its instructions/procedure regarding remittances/release of foreign exchange easier for medical treatment...
Saudi Prince announces to donate all wealth of $32b to charity
DUBAI: Setting an historic example for the rulers in Middle East, Saudi Arabia's Prince Alwaleed bin Talal has announced to...
Japan’s crude oil imports from UAE in May stood at 26.8m barrels
TOKYO: Japan’s crude oil imports from the United Arab Emirates (UAE) in May stood at 26.8 million barrels, accounting for...
Manzoor Hussain Shad made Chief Commissioner-IR
ISLAMABAD: Manzoor Hussain Shad, an Inland Revenue Service officer of BS-21 and presently posted as Commissioner-IR (Zone-I), (BS-21), Large Taxpayers...
Additional Commissioner dismissed over misconduct
ISLAMABAD: Shafqat Hayat Hottiana, an Inland Revenue Service officer of BS-19, have been dismissed from the service on the charge...
67th anniversary: SBP officially joins twitter
KARACHI: With the aim to update customers with all relevant and latest information, the State Bank of Pakistan (SP) has...
Japan’s LNG imports fall 4.7% YOY to 40.84m mt over January-June
TOKYO: Japan’s LNG imports fell 4.7% year on year to 40.84 million mt over January-June, indicating the steady demand seen...
$506.4m IMF tranche: Reserves reach new historic level of $18.5 billion
ISLAMABAD: Federal Finance Minister Ishaq Dar, while extending felicitations to Prime Minister Nawaz Sharif, revealed that the country's foreign exchange...
Inflation remained under 4.53% against target of 8% during FY 2014-15
ISLAMABAD: The country’s inflation rates remain under 4.53% for the financial year ended June 30, 2015, mainly due to huge...
SHC allow Air Indus to continue operations
KARACHI: The Sindh High Court (SHC) has allowed Air Indus to continue its operations. The private airline moved the court...
European stocks edge higher at start, Stoxx Europe 600 soars 0.1%
ROME: European stocks edged higher Thursday, with investors still nervously watching Greece’s negotiations with its creditors. The Stoxx Europe 600...
