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Pakistan and China agree to share electronic trade date by year end.


In a major development, Pakistan and China have agreed to start electronic data sharing before the end of this year to deal with the under-invoicing and mis-declaration of traded goods. This agreement was reached at the meeting of second phase negotiations on the China-Pakistan Free Trade Agreement (CPFTA) on Wednesday. The three days talks are led by Yao Wenling, Deputy ... Read More »

Oil prices languish as supply concerns linger


  SINGAPORE: Oil prices fell in Asia Monday on persistent concerns about the global supply glut after the OPEC cartel’s indication that it will not budge from its current lofty output levels, analysts said. US benchmark West Texas Intermediate for September fell 36 cents to $46.76 while Brent crude for September eased 42 cents to $51.79 in morning trade. Prices ... Read More »

Palm oil edges down


KUALA LUMPUR: Malaysian palm oil futures edged down on Friday, reversing early gains to record their biggest monthly drop since March, but losses were limited by a weaker ringgit and data showing Malaysian exports fell less than expected this month. By Friday’s close, the benchmark palm oil contract for October was down 0.19 per cent at 2,118 ringgit ($554.02) a ... Read More »

Tokyo stocks edge higher by break


TOKYO  – Tokyo stocks recovered from early losses to end the morning session slightly higher despite lacklustre Japanese economic data, as investors await company results on the busiest day of earnings season. The Nikkei 225 index ticked up 0.01 percent, or 2.46 points, to 20,525.29 by the break, while the Topix index of all first-section issues rose 0.39 percent, or ... Read More »

Oil prices down in Asia


SINGAPORE: Oil prices were down in Asia Wednesday as investors waited for the results of a US central bank meeting and a closely-watched report on crude inventories in the world’s biggest economy.Worries over the Chinese economy after a rout in the country’s stock market and a global crude oversupply were also keeping investors at bay, analysts said.US benchmark West Texas ... Read More »

ILO and Netherlands to strengthen Pakistan’s labour inspection systems

ILO and Netherlands aims to strengthen labour inspection systems in Pakistan

ISLAMABAD – The International Labour Organization (ILO) and the Embassy of the Kingdom of the Netherlands have embarked on a unique  partnership aimed to support the Government of Pakistan, workers and employers organizations in developing measures to revitalise the country’s Labour Inspection machinery. Such improvements are imperative to keep Pakistan’s textile sector attractive internationally, especially given the advantageous trade conditions ... Read More »

Pakistani mango exports to Australia expected to grow

Pak Mangos

ISLAMABAD — Pakistani mango exporters are now able to export fresh mangoes to Australia after being treated with irradiation or hot water dip. Australian Government has amended its import conditions to enable the export to Australia of fresh Pakistani mangoes which have been irradiated for fruit flies and mealy bugs. The Australian Department of Agriculture has worked closely with the Pakistan ... Read More »

German Business delegation visits Pakistan to strengthen Economic ties

German Deputy Minister of the Federal Foreign Office, Mr. Stephan Steinlein, and a German Business Delegation, hold meeting with Sartaj Aziz, Advisor to the Prime Minister and other officials in Islamabad

German Deputy Minister of the Federal Foreign Office and a business delegation visits Pakistan The German Deputy Minister of the Federal Foreign Office, Mr. Stephan Steinlein, visited Islamabad and Karachi from 10-12 June, 2015. The Minister was accompanied by a German Business Delegation on his visit that aims to strengthen bilateral economic ties and exploring new business opportunities between Pakistan ... Read More »

Top 50 best-rated CEOs in America as judged by their employees


America’s Favorite Bosses in 2015 Glassdoor, the careers website, has just released its third annual Employees’ Choice Awards for the Highest Rated CEOs. The survey is based solely on the input of employees who anonymously and voluntarily provide feedback through the Glassdoor company review survey. Glassdoor leaves the survey open year-round, this time from April 21 of last year until April 22 of this year, to ... Read More »

Pakistan unveils Rs 4.3 trillion budget for FY 2015-16; defence budget up by 11%

ishaq dar

ISLAMABAD – Federal Minister for Finance Ishaq Dar today unveiled the budget for the fiscal year 2015-16 with a total outlay of Rs 4.33 trillion ($42.33 billion). A special cabinet meeting was also held on Friday under Prime Minister Nawaz Sharif to consider and approve budget proposals for the next financial year. Compared to the 2014-15 budget of Rs 3.985 trillion, ... Read More »

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