KARACHI, Jul 14 (ABC): Yutong Buses China, a Chinese company has agreed to set up public transport plant in Sindh that would be established in Karachi or Hyderabad to improve public transport facilities. This important development took place in a meeting between Provincial Minister for Transport Sharjeel Inam Memon and Country Manager of Yutong Buses China Paul Zhang, said a …

ISLAMABAD, Jul 14 (ABC): Chairman of Pakistan Hi-Tech Hybrid Seed Association (PHHSA) Shahzad Ali Malik Thursday urged the farmers to use ultra-modern Chinese agricultural technologies for getting bumper crop production to make Pakistan self-sufficient in food. In a statement issued here today he said cultivators must acquaint themselves with new technologies like mechanised direct-seeded rice (DSR) which saved sufficient quantum …

ISLAMABAD, Jul 14 (ABC): Federal Minister for Finance and Revenue, Miftah Ismail on Thursday assured the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) to resolve their issues at priority basis. During a meeting with PRGMEA delegation, headed by its Chairman, Shaikh Luqman Amin, the minister expressed the resolve to promote the business activities and facilitate the business community to …

ISLAMABAD, July 14 (ABC): Prime Minister Shehbaz Sharif has appointed eminent entrepreneur Zeeshaan Shah as Ambassador-at-Large on Investment, according to a notification issued by secretary to the prime minister. Later, Zeeshan Shah called on Prime Minister Shehbaz Sharif and discussed in detail his plans to facilitate foreign investment to Pakistan. The prime minister assured Shah of full support of his …

ISLAMABAD, July 14(ABC): Islamabad Excise and Taxation Department has broken all previous records of tax collection by collecting 72% more taxes this year as compared to last year. In a statement on Thursday, Excise Department Director Bilal Azam said that the record tax collection became possible due to induction of modern technology.  “In five years, tax collection has increased 300 …

TOKYO, July 5 (ABC): It’s still dark when the line starts forming outside an electronics store in Tokyo, as desperate gamers try to snag the latest PlayStation or Xbox despite chronic shortages in Japan. The consoles made by Sony and Microsoft have been hard to buy since their November 2020 release, as has Nintendo’s Switch, with supply chain issues exacerbated …

ISLAMABAD, July 14 (ABC): Foreign Secretary Sohail Mahmood on Thursday said that Pakistan deeply valued its relations with the European Union and wished to further enhance the partnership, especially in trade, investment and people to people links. The Foreign Secretary expressed these views as he welcomed the EU’s new Ambassador Dr Riina Kionka here, Foreign Office said in a tweet …

BEIJING, July 5 (ABC): Pakistan’s export of rice to China crossed $277.56 million in the first five months of Financial Year 2021-2022, up 9.73 percent year-on-year bases. Pakistan remained one of the major broken rice suppliers to China, according to the official data from the General Administration of Customs of the People’s Republic of China (GACC). Badar uz Zaman, Commercial …

TOKYO, July 5 (ABC): Tokyo stocks closed higher Tuesday, with exporters buoyed by a weaker yen, and investors watching speculation that Washington could roll back some tariffs on Chinese goods to battle inflation. The benchmark Nikkei 225 index gained 1.03 percent, or 269.66 points, to end at 26,423.47, while the broader Topix index climbed 0.50 percent, or 9.41 points, to …

HOUSTON, July 14 (ABC):U.S. crude oil imports decreased but exports increased during the week ending July 8, the U.S. Energy Information Administration (EIA) said in a report released on Wednesday. U.S. crude oil imports averaged 6.675 million barrels per day (b/d) last week, down by 164,000 b/d from the previous week, while crude oil exports averaged 3.024 million b/d, up …