According to sources, the funds will be used to address the backlog of thousands of pending applications for medical treatment, education, and financial assistance. Previously, the lack of funds had resulted in over 28,000 applications being pending, including requests for medical treatment, educational scholarships, and financial assistance sources said. Specifically, over 13,000 medical cases were […]
Brent crude futures for November fell 37 cents, or 0.5%, to $73.38 by 0330 GMT, after the previous session’s fall of 4.9%. U.S. West Texas Intermediate crude futures for October were down 41 cents, or 0.6%, at $69.93, after dropping 4.4% on Tuesday. Both contracts fell to their lowest since December on signs of a […]
The new regulations aim to create a more investor-friendly environment by simplifying the process, reducing paperwork, and eliminating unnecessary licenses and approvals. The streamlined investment system, approved by the Saudi Council of Ministers, is a key component of the national investment strategy and aligns with Saudi Vision 2030. The updated rules are designed to attract […]
The central bank began to raise interest rates last year to battle soaring prices after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy. Turkey’s annual inflation rate reached a decades-long high of 85 percent in October 2022. It fell to 38.2 percent in June 2023 before rising again. It reached 75 percent […]
The deal, which will expand business ties between Indian billionaire Gautam Adani’s conglomerate and the French firm, will see Adani Green Energy (AGEL) contribute its “current assets” to the new joint venture. TotalEnergies will invest $444 million to “accelerate the development of these projects”. A separate exchange filing said that AGEL and TotalEnergies would hold […]
The carrier said it had canceled 24 return flights operating until the end of Tuesday, and that several aircraft would be out of service for several days while the process, which it described as precautionary, was completed. An Airbus spokesperson referred questions to the airline and to engine maker Rolls-Royce, which did not immediately respond […]
The greenback closed at Rs278.64 against the previous day’s closing of Rs 278.53. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of USD in the open market stood at Rs 278.25 and Rs 279.75 respectively. The price of the Euro increased by 36 paise to close at Rs 308.44 […]
The inflation reading was back into single digits after three years, according to Pakistan Bureau of Statistics (PBS) data. Back in October 2021, CPI inflation stood at 9.2%. On a month-on-month basis, CPI increased to 0.4% in August 2024 as compared to an increase of 2.1% in the previous month and an increase of 1.7% […]
The businessman community in the country has voiced discontent, stating that the scheme’s introduction was “completely inappropriate”. According to the Chief Coordinator of the Tajir Dost scheme, Naeem Mir, the deadlock between the traders and the FBR has ended and both parties will meet tomorrow in Islamabad to discuss the issues regarding the scheme. Mir […]
The decision was taken on Saturday and announced by NDB chief Dilma Rousseff at a Cape Town, South Africa meeting. By joining “this important development institution, the financial arm of the BRICS group, Algeria is taking a major step in its process of integration into the global financial system,” the Algerian finance ministry said in […]
