The world’s largest importer of weapons after Ukraine is expanding the ability of the state-owned Export-Import Bank (EXIM) to offer long-term, low-cost loans to clients, including those whose political or credit risk profiles may limit their access to conventional financing, according to two Indian officials and three industry sources. New Delhi will also sharply increase […]
The Inspur units were listed for contributing to the development of supercomputers for the Chinese military, the Commerce Department said in a posting. Five of the subsidiaries are based in China, and one is based in Taiwan. Inspur Group itself was placed on the list in 2023. The Inspur units are among about 80 companies […]
In an interview with a Saudi Arabian media outlet, the minister said that over the past 12-14 months, Pakistan has made significant progress in economic development, According to the minister, the government has taken key decisions to curb inflation and interest rates, stabilize foreign exchange reserves, and accelerate the privatization process. The government is committed […]
Overseas shipments represented a rare bright spot in China’s economy last year as sluggish domestic consumption and a prolonged crisis in the property sector dragged on growth. Total exports last year “exceeded 25 trillion yuan for the first time, reaching 25.45 trillion yuan ($3.47 trillion)… a year-on-year increase of 7.1 percent”, state broadcaster CCTV said. […]
The LSM however grew by 0.02 percent on a year-on-year basis (YoY) in October 2024 when compared to the same month of last year and 111.60 percent on a month-on-month (MoM) basis when compared to September 2024. The provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for October 2024, with the base year 2015-16, […]
As per details, the Innovent ventilator, manufactured by Essence Industries Karachi, has completed its clinical trials. DRAP has officially registered the Innovent ventilator and issued a license to Essence Industries for its local production. In addition to meeting domestic demand, the ventilators will also be exported, contributing to Pakistan’s economy. The Innovent ventilator has a […]
Responding to a query during the Question Hour in the National, Parliamentary Secretary Planning Development and Special Initiatives Wajiha Qamar said the port accommodates vessels of up to 50,000 DWT and possesses the requisite infrastructure to support bulk cargo and container handling efficiently. She said multiple shipments under the Afghanistan-Pakistan Transit Trade Agreement have been […]
New orders, closely watched as an indicator of future business activity in Europe’s biggest economy, fell 1.5 percent month-on-month, according to preliminary data from federal statistics agency Destatis. But the agency revised up the reading for September by three points to an increase of 7.2 percent, because of a large order in ship manufacturing that […]
Among the materials banned from export are metals gallium, antimony and germanium, Beijing’s commerce ministry said in a statement that cited “national security” concerns. Exports of graphite, another key component, will also be subject to “stricter reviews of end-users and end-uses”, the ministry said. “To safeguard national security interests and fulfill international obligations such as […]
Brent crude futures gained 14 cents, or 0.2%, to $74.37 a barrel by 0007 GMT. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.2%, to $70.27 per barrel. Russian President Vladimir Putin said on Thursday that the Ukraine war was growing into a global conflict after the U.S. and Britain allowed Ukraine to […]
