ISLAMABAD, June 20(ABC): The imports of overall petroleum group witnessed an increase of 99.14 percent during the first eleven months of the current fiscal year (2021-22) as compared to the corresponding period of the last year. During the period under review, the total imports of the petroleum group stood at $19.679 billion, as against the imports of $9.882 billion last …

ISLAMABAD, June 20(ABC): The KSE 100-index of the Pakistan Stock Exchange (PSX) on Monday witnessed bearish trend, losing 363 points, a negative change of 0.86 percent, closing at 41,776.98 points against 42,140.76 points on the last working day. A total of 162,112,379 shares were traded during the day compared to the trade of 282,931,441 shares the previous day, whereas the …

MUZAFFARGARH, June 20(ABC): Mangoes might be the most awaited sweetest summer fruit but the story doing rounds in news media about fifty per cent low production this year is sore to the core. Pakistan is reportedly facing a 50% drop in mango production this year due to the effects of climate change and high temperatures. The average production of mango …

JAKARTA, June 20(ABC): Indonesian authorities hope to reach an agreement with Singapore to start exporting chickens within weeks, officials said, as the city-state scrambles to find alternative supply sources after another neighbour Malaysia restricted sales. In a further sign of growing global food shortages and supply chain issues, Malaysia halted chicken exports this month until local production and soaring costs …

NEW YORK, June 18(ABC): Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy. Also pressuring prices, the US dollar this week rose to its highest level since December 2002 against a basket of currencies, making oil more expensive …

KARACHI, June 18(ABC): Following an increase in petrol and diesel prices to revive the International Monetary Fund (IMF) loan programme, the weekly inflation — based on the sensitive price index (SPI) — surged 3.38% week-on-week and 27.82% year-on-year hitting a 14-year high during the week ended June 16. According to the data released by the Pakistan Bureau of Statistics (PBS), prices of …

ISLAMABAD, June 17 (ABC): Pakistan’s agricultural exports to China will soon grow beyond US$ 1 billion per annum, Gwadar Pro reported on Friday quoting Dr Gu Wenliang, Agricultural Counsellor here at the Embassy of the People’s Republic of China. Speaking at a seminar in Rawalpindi regarding China-Pakistan agricultural cooperation under CPEC on Thursday, Dr Gu said that China offered a …

ISLAMABAD, Jun 17 (ABC): Food exports from the country witnessed an increase of 24.23 percent during the eleven months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports of various food commodities were recorded at $4,919.434 million during July-May (2021-22) as compared to the exports of $3,959.964 …

BEIJING, June 17 (ABC): Enhancing Sino-Pak national quality infrastructure connectivity will reduce trade deficit between the two countries, says a report  on Friday. According to the report, to reduce Sino-Pak trade deficit and boost trade facilitation, a research on China-Pakistan quality infrastructure establishment and connectivity was initiated by the Development Research Center, State Administration of Market Regulation of China. Data …

BEIJING, June 19 (ABC): China’s Yunnan Academy of Agricultural Sciences (YAAS) and Pakistan Agricultural Research Council (PARC) (designated by the Embassy of Pakistan in Beijing) signed a Memorandum of Understanding (MoU) to promote agricultural cooperation between China and Pakistan at an online signing ceremony held in Kunming and Beijing. While addressing the ceremony, Dr Wang Jihua, president of YAAS, noted …