TOKYO, Japan (AFP) – Sony raised its full-year net profit prediction, encouraged by the popularity of its latest Spider-Man film and good earnings in the gaming industry despite a global chip shortage. The Japanese computer behemoth has already posted a record net profit in 2020-21, thanks to a pandemic surgeContinue Reading
On Tuesday, a five-year business plan was given to the Finance Ministry with the goal of making Pakistan International Airlines (PIA) viable in the future by avoiding losses. The proposal suggested focusing on increasing the number of aircraft from 29 to 49, including 16 large planes, 27 medium planes, andContinue Reading
ISLAMABAD: Pakistan’s trade imbalance reached a stunning $20.59 billion in the first five months of the current fiscal year, according to figures released on Friday by the Pakistan Bureau of Statistics (PBS). According to preliminary figures, the merchandise trade deficit increased for the sixth straight month in November, reaching $4.96Continue Reading
ISLAMABAD: Dr. Ishrat Hussain, the Prime Minister’s Adviser on Institutional Reforms and Austerity, has resigned, according to reports. The resignation letter was sent to Prime Minister Imran Khan’s office. The prime, on the other hand, has not yet authorised Dr Hussain’s resignation. Since the PTI established government in 2018, DrContinue Reading
(AFP) – JERUSALEM (AFP) – On Sunday, Israel’s environmental protection ministry said that it will postpone the execution of a proposed oil transport agreement with the United Arab Emirates, thereby halting a project that has enraged environmentalists. Following the establishment of diplomatic links between the UAE and Israel last year,Continue Reading
KARACHI: Pakistan’s remittances from abroad grew at a nearly two-decade high pace in the previous fiscal year of 2020-21, providing significant assistance to the external sector, according to statistics released by the central bank on Tuesday. “Despite the tough global economic conditions in the previous year, these [remittances] helped strengthenContinue Reading
ISLAMABAD – Federal Minister for Finance and Revenue, Shaukat Tarin Friday expressed government’s strong commitment to manage national economy in most efficient and effective manner to achieve higher sustainable and inclusive growth. Addressing virtually on “Pakistan’s Economy- Fragility & Smart Action Strategy” National Workshop Balochistan-7, which was organized by HeadquartersContinue Reading
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