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Category: Business

Dutch firm’s Rs300mln egg processing plant likely to start by yearend

Monitoring desk KARACHI Dutch company Frisian Egg is setting up more than Rs300 million worth of Pakistan’s first and biggest egg processing plant, in collaboration...

Fidelity is quietly building a cryptocurrency exchange: report

Monitoring desk Boston Multi-trillion dollar asset manager Fidelity Investments is building a cryptocurrency exchange, internal job postings have revealed. According to...

Gold prices stabilize; silver hits 3-week high

Monitoring desk Washington Gold prices are trading near steady in early-afternoon U.S. trading Wednesday. Silver prices were sporting moderate gains and hit a three-week...

Qatar Airways boss says sorry for sexist remark

Monitoring desk DOHA Qatar Airways’ outspoken boss Akbar al-Baker on Wednesday issued “heartfelt apologies” for saying that a woman could not do his job because it...

ADB to help K-P produce over 5,000MW

Monitoring desk ISLAMABAD The Asian Development Bank (ADB) is set to assist Pakistan in generating 5,204 megawatts of electricity by setting up hundreds of...

Copper hits 3-1/2 month high, Chile supply concerns linger

monitoring desk Karachi Copper hit a 3-1/2 month high on Wednesday as the dollar fell sharply, concerns lingered over possible supply disruptions in Chile and buying...

Rising exports push U.S. trade deficit to seven-month low

Monitoring desk WASHINGTON The U.S. trade deficit fell to a seven-month low in April as exports rose to a record high, lifted by an increase in shipments of industrial...

ST40 achieves 15-million-degree target

Monitoring desk England Tokamak Energy announced today that it has achieved plasma temperatures of over 15 million degrees Celsius, hotter than the centre of the Sun....

Pak-China makes great headway giving banking support to CPEC

Bank of China is the second Chinese bank to enter the Pakistani market, but it is much more significant as it has fourth and fifth global ranking currently INP BEIJING...

APBF concerned over soaring trade deficit widened by 14% in 10 months

INP ISLAMABAD The All Pakistan Business Forum (APBF) has expressed its concerns over the alarming rise in the trade deficit of the country, which has widened by 14...