HONG KONG, July 20(ABC): Asian markets piled higher Wednesday following a surge on Wall Street, as investors grow hopeful in the ongoing earnings season, while sentiment was also boosted by news that Russian gas flows to Europe will not be cut off. Markets also reacted positively to a report saying China will fine ride-hailing giant Didi $1 billion but bring …

ISLAMABAD, July 19 (ABC): Ambassador of Indonesia to Pakistan, Adam Mulawarman Tugio on Tuesday said the cultural and religious links between Indonesia and Pakistan play an important role in the economic integration of both countries. Indonesia and Pakistan have been linked for centuries by a historical cultural, religious and shared cultural heritage, which is deeply rooted in history, he said. …

ISLAMABAD, July 12 (ABC): Pakistan’s exports to China in June 2022 have increased by 8% to US$251.30 million as compared to the corresponding month of the previous year when it was recorded at US$232.74 million in June 2021, reported on Tuesday quoting Trade Development Authority Pakistan (TDAP). Also, as compared to May 2022, Pakistan’s exports to China have shown positive …

SINGAPORE, July 12(ABC): Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world’s biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook. Brent crude futures for September fell $1.35, or 1.3%, to $105.75 a barrel by 0305 GMT, while U.S. West Texas Intermediate crude for August delivery was at $102.64 …

HONG KONG, July 12(ABC): Asian stocks mostly fell Tuesday, along with oil, on fears that central bank moves to fight inflation will spark a recession, while the euro fell towards parity with the dollar as energy and cost-of-living crises loom over the eurozone economy. Worries about a fresh Covid flare-up in China — fuelling talk of another round of painful …

DUBAI, July 19(ABC): Higher oil prices have helped Dubai-based transport startup Swvl attract customers as people in its bigger markets such as Egypt and Pakistan ditch their cars in favour of buses, Chief Financial Officer Youssef Salem told. The Nasdaq-listed company has however aggressively cut costs and put some business expansion plans on hold as it steers a path towards …

WEB DESK, July 19(ABC): Aiming to break into the world’s top 10 metaverse economies, Dubai is adopting a new strategy where it will be targeting 40,000 virtual jobs and add $4 billion to the city’s GDP in the next five years, reported. News agency reported the Dubai government was seeking to develop global standards for users. The government wants to …

ISLAMABAD, July 19(ABC): The wholesale dealers Monday announced a decrease of Rs150 in the prices of the 5kg pack of first category ghee and oil. Now, the prices of the 5kg pack of first category ghee and oil have been reduced from Rs2,800 to Rs2,650. It is to be noted here that the prices of the first category ghee and …

WEB DESK, July 11(ABC): Every year at Eidul Azha, there used to be a difficult question that was asked of anyone who was sacrificing an animal. It did not matter whether you had sacrificed a cow, an oxen, a goat or a sheep, the ultimate question was: what do you do with its hide? Most people used to donate the …

HONG KONG, July 11(ABC): Asian markets and oil prices mostly fell Monday with a fresh Covid flare-up in Shanghai fanning fears of another economically painful lockdown in China’s biggest city. The news came after a forecast-busting US jobs report last week indicated the world’s top economy was coping so far with the Federal Reserve interest rate hikes, giving it room …