A UN task committee warns that Russia’s conflict in Ukraine threatens to ruin several developing nations’ economies, already struggling with rising food and energy costs. The battle was “supercharging” food, energy, and financial crises in impoverished nations already dealing with the Covid-19 pandemic, climate change, and a lack of proper funds for economic recovery, according … Read more
Dawood Hercules Corporation (DH Corp) is a publicly listed investment and holding company headquartered in Karachi, Pakistan. DH Corp governs direct financially and operationally over its two subsidiaries Engro Corporation and EmpiricAI and holds through the majority of voting rights the decision-making power at the companies’ boards of directors. Engro Corporation is a conglomerate with … Read more
LAHORE: Punjab Chief Secretary (CS) Ali Afzal has directed all departments to ensure timely and transparent utilisation of allocated funds, and devising a mechanism to streamline the process of release of funds. While chairing a meeting to review the mid-year progress of Annual Development Program (ADP) at the Planning and Development Department, Afzal said that … Read more
KARACHI: Irfan Ahmed, an electric generator assembling business owner in Karachi and a Perkins’ authorised distributor, calculates at least 20 per cent decline in his January revenues and predicts a similar trend in the months ahead. “Just in two days, the cost of materials and parts we use surged around 10 per cent because … Read more
RIEL, The Netherlands: In the flat expanse of the Dutch countryside, Corne de Rooij nostalgically strokes the muzzles of his calves, wondering how long he will be able to keep them. Livestock farming is one of the main emitters of greenhouse gases in the Netherlands, where climate change threatens to swallow up the low-lying fields. “It’s … Read more
KARACHI: Large-scale manufacturing industries (LSMI) in October, 2021 showed big industry output inched down 1.2 per cent year-on-year, Pakistan Bureau of Statistics (PBS) data showed. “On yearly basis in October 2021, the decline in production of non-metallic mineral products i.e., cement declined 13.2 per cent, pharmaceuticals i.e., tablets 23.1 per cent, capsules 44.4 per cent … Read more
LAHORE: Punjab chief secretary Kamran Ali Afzal has directed all the deputy commissioners to continue monitoring the prices and availability of fertilisers in their respective districts. Chairing a video-link meeting of all deputy commissioners at the Civil Secretariat, he expressed satisfaction over the measures that helped decrease the fertiliser price. The chief secretary said no … Read more
ISLAMABAD: The Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP) has signed an agreement with the Dubai Islamic Bank Pakistan Limited (DIBPL) to support trade in Pakistan, a statement said. The ADB said it will provide guarantees to help the Dubai Islamic Bank expand its trade finance business in Pakistan. The Trade and … Read more
