BRUSSELS, May 31(ABC): European Union leaders agreed late Monday to ban more than two-thirds of Russian oil imports, tightening economic screws on the country even as Moscow s forces made gains in the eastern Donbas region of war-ravaged Ukraine. The compromise deal, meant to punish Russia for its invasion three months ago, cuts “a huge source of financing for its …

ISLAMABAD, May 31(ABC): The Pakistan International Airline (PIA), for the first time in its history, will charge airfare in US dollars from Hajj pilgrims flying on a private scheme,  reported Tuesday. For pilgrims from the Southern region and Northern region, the airfares are likely to remain in the range of $810 to $1,100 and $860 to $1,150, respectively. It is …

ISLAMABAD, May 30(ABC): The price of 24 karat per tola gold witnessed a decrease of Rs 2,750 and was sold at Rs 138,450 on Saturday against its sale at Rs 141,200 in the local market. The price of 10 gram 24 karat gold also decreased by Rs 2,356 and was sold at Rs.118,700 compared to its sale at Rs 121,056 …

KARACHI, May 30(ABC): Dollar has gone down 76 Paisa against Pakistani Rupee in the Interbank on Monday. In first business day of the week, the greenback is now selling at Rs. 199. It should be noted that in 2 business days, Dollar has dropped down by Rs. 3.1 in the interbank.

TOKYO, May 30 (ABC): Tokyo stocks opened higher on Monday, extending gains on Wall Street, with investors shifting their focus to global economic indicators due this week. The benchmark Nikkei 225 index was up 1.21 percent, or 323.48 points, at 27,105.16 in early trade, while the broader Topix index was up 1.01 percent, or 19.03 points, at 1,906.33. Wall Street …

KARACHI: Following the major hike in the prices of petroleum products by the government, hopes have risen for the revival of the IMF programme as analysts say that the Pakistani rupee is likely to start an upward drive against the US dollar in the next week. The rupee recovered lost ground and closed at 199.76 per dollar in the interbank …

DAVOS, May 29(ABC): Israel President Isaac Herzog has said that he had had an “amazing experience” while meeting a delegation of Pakistani expatriates living in the United States. The Israeli president was speaking at the World Economic Forum (WEF) — held in Davos, Switzerland, on Thursday — about the Abraham Accords, a US-backed deal that led to the normalisation of Israel’s …

ISLAMABAD: After reports surfaced of the sanitary pads’ market being affected by the recent ban imposed on imported goods by the government, Miftah Ismail has clarified that there is “no ban on sanitary pads or diapers or the raw materials” used in their manufacture. However, Miftah rubbished the news, saying there is no restriction on importing industrial raw materials or …

BEIJING, May 29 (INP): Sino-Pak enhances it cooperation for mitigating Pakistan’s fertilizer crisis, China Economic Net (CEN) reported on Sunday. As per the report, in recent years, the sharp rise in fertilizer prices kept farmers in Pakistan unsettling. Data shows that the cultivated land area in Pakistan has increased by 2 million hectares in the past two years, and 2021 …

ISLAMABAD, May 29 (ABC): The first shipment of Pakistani mangoes of this season has arrived in Kunming, China, Gwadar Pro reported on Sunday. As per Adnan Hafeez, General Secretary of the Pakistan Chamber of Commerce in China (PCCIC) and Director of Imperial Ventures (Pvt), the first batch of Sindhri mangoes landed at the Kunming airport with a total volume of …