During July, total exports rose by 11.3% YoY to $3.01bn compared to $2.71bn in the same month of last year. While it fell 2.2% as against the exports of $3.08bn in the previous month. Total imports rose 12.2% YoY to $5.6bn as compared to the imports worth $4.99bn recorded in July of last year. Compared […]
X claims Moraes secretly threatened one of its legal representatives in Brazil with arrest if it did not comply with legal orders to remove some content from its platform. Brazil’s Supreme Court, where Moraes has a seat, did not immediately respond to a request for comment. The X service remains available to the people of […]
According to a state-owned news agency, the investment in this project will contribute to infrastructure development and economic improvement. In this regard, Minister for Maritime Affairs Qaiser Ahmed Sheikh will visit Denmark this month for the signing of a Memorandum of Understanding (MoU) between Maersk Shipping Company and Karachi Port Trust. Maersk keen to increase […]
China is battling soaring joblessness among young people, a heavily indebted property sector, and intensifying trade issues with the West. Chinese Premier Li Qiang, who is responsible for economic policy, on Friday, called for struggling companies to be “heard” and “their difficulties truly addressed”, according to the state news agency Xinhua. The unemployment rate among […]
The e-motorcycle launch is set to intensify competition in the world’s second-largest two-wheeler market. Ola Electric will face off with bigger rivals like Bajaj Auto, TVS Motor, New Tab, and Hero Motocorp. Two-wheelers dominate Indian roads, with 18 million units sold last year. Ola Electric, which listed its shares on Aug. 9 after a $734 […]
Russian fuel oil and VGO seaborne exports last month rose 7% from June to about 4.05 million metric tons, helped by the completion of seasonal maintenance on Russian refineries. Russia’s offline primary oil refining capacity for July at 2.5 million tons was below June’s level by some 44%, according to calculations from industry sources. Since […]
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 322.03 points as compared to 322.54 points during the past week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of […]
Textile exports showed a decline of 3.09 percent from $1,311.650 million during the same month of last year (July 2023-24). The textile commodities that contributed to trade growth included tents, canvas, and tarpaulin the exports of which increased by 14.22 percent to $10.877 million during July 2024 as compared to the exports of $9.523 million […]
According to sources, the tax will be imposed on the subsidy amounting to Rs 60 billion in the current financial year. Sources said that the FBR will collect approximately Rs 1 billion in tax revenue from the subsidy after considering the subsidy as income. Last year, the FBR had attached the accounts of utility stores […]
As per details, the decision was taken by the federal cabinet in a meeting held here in Islamabad, the sources said and added that the five-year privatization program will be completed in three phases. In the first phase, privatization of Pakistan International Airlines (PIA), House Building Finance Corporation (HBFC), Faisalabad Electric Supply Company, Islamabad Electric […]
