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Customs foils attempt of gold smuggling at Vishakhapatnam
VISAKHAPATNAM:As a result of international flight connectivity at the Visakhapatnam airport, an increasing number of cases against illegal smuggling of...
Indian rupee rebounds 5 paisa agaisnt US dollar
MUMBAI: The rupee recovered by 5 paise to trade at 63.92 against the US dollar in early trade today at...
Pak rupee strengthens in interbank to reach 101.70
KARACHI: The Pakistani rupee shed value against the US dollar in open market, while it strengthened in interbank on Friday,...
New Zealand heads for 2% weekly fall
BENHAR: The New Zealand dollar is heading for a two per cent weekly decline on a trade-weighted basis after the...
China’s yuan devalue by 17pts against US dollar
BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 17 basis points to 6.1167...
German business delegation emphasizes on trade not ‘aid’
BERLIN: Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz received German Deputy Minister for Foreign Affairs...
Russia, China pledge to fight dollar dominance
MOSCOW: A default is a default. The attempted euphemism of “technical” default came up with regard to the Greek debt...
Pakistan, Tajikistan, Afghanistan agree on transit trade agreement
KABUL: The leaders of Pakistan and Tajikistan have said that early finalisation of the trilateral agreement on transit trade among Afghanistan,...
Tokio Marine shares jump 2.4% to trade at 4,915
TOKYO: Tokio Marine Holdings Inc. shares rose after analysts said the insurer’s plan to buy HCC Insurance Holdings Inc. will...
Iran’s car manufacturing up by 17.2% in Q1
TEHRAN: Car manufacturing in Iran rose 17.2 percent in the first two months of the current Iranian calendar year (March...
Oman approves Sukuk issuance program from $10b to $25b
MUSCAT: A decision to raise the current limit of the Islamic Development Bank's (IDB) medium-term sukuk issuance programme from $10...
24 foreign firms: SECP registers 426 companies in May
ISLAMABAD: As many as 426 companies have been registered with the Securities and Exchange Commission of Pakistan (SECP) during the...
B3 from Caa1: Moody’s upgrades Pakistan’s rating first time since 2008
WASHINGTON: Due to improving foreign-exchange reserves and the economic growth under an IMF program, the Moody’s Investors Service has upgraded...
Pharma industry’s growth decreases to 8% from 16%
KARACHI: The growth of pharmaceutical industry has decreased to around eight per cent per annum from approximately 16 per cent,...
Country’s reserves increase to $17.45b, SBP’s up by $400m to $12.312b
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves have increased by around $400 million to $12.312 billion due...
New planet discovered by 15 year old intern
MEXICO: A teenager on work experience discovered a new planet 1000 light years away.Tom Wagg was 15 when he spotted...
SC directs KWSB to submit details of water projects in metropolis
ISLAMABAD: A three-member bench of the Supreme Court has sought detailed report on water projects in the metropolis from the...
PTA resists 19.5% tax on internet services
KARACHI: Pakistan Telecommunication Authority (PTA) has opposed the imposition of tax on data transfer and broadband services by the Punjab...
Int’l oil prices fall 27% to $61.16 in late trade
SINGAPORE: Oil prices moved lower in Asia on Thursday following a mixed US energy report that showed a huge decline...
Senate appropriations committee rejects NASA budget request
NEW YORK: The Senate Appropriations Committee rejected a budget request from NASA on June 11, in a move the space...
