ISLAMABAD, May 29 (ABC): Supporting locally-owned small businesses has significant positive economic impacts—even before our world was struck with the COVID-19 pandemic. Meher Kashif  Younis, former senior Vice President Lahore chamber while talking to a delegation of young educated progressive women led by Ms Noora Ahmad from Sialkot here on Sunday said It’s important that we continue to support our …

ISLAMABAD, May 29(ABC): After removing subsidies from petroleum products, the government is likely to increase the system gas tariff by 40-50% in its continued bid to revive the $6 billion International Monetary (IMF) programme, expecting the revenue requirement determination for the fiscal year 2022-23 by the Oil and Gas Regulatory Authority (OGRA) in June,  reported Sunday, citing a senior energy …

ISLAMABAD, May 28(ABC): Pakistan is likely to get $2.5 billion from China after both sides reached an agreement on economic package. According to sources privy with the development, foreign exchange reserves will increase while pressure of foreign debt payments will reduced after Chinese funds are received. Sources further said that government is also in talks with China for economic package …

ISLAMABAD, May 28(ABC): The federal government has scrapped the import ban on certain items, other than cat and dog foods, the Ministry of  Commerce clarified Saturday. The government had on May 19 imposed a ban on the import of non-essential luxury items under an “emergency economic plan” to “save the country precious foreign exchange”. The move was widely hailed but …

MULTAN, May 28 (ABC):Farmers can move beyond existing low of 500-600 Maunds per acre average sugarcane yield by slightly modifying agronomic practices and better care. Sugarcane is Pakistan’s important cash crop that involved countless people in earning activity from farm to industry and market chain, says a release issued by agriculture department here Saturday. There is no dearth of growers …

LAHORE, May 28 (ABC): Pakistan Railways will likely increase the fares in wake of the recent hike in the fuel prices, sources said on Saturday. Sources privy to the development said the Pakistan Railways (PR) is bearing the loss of Rs20 million daily due to a rise in the price of diesel. The authorities have forwarded recommendations for the increase …

KARACHI, May 28(ABC): The increase in petroleum prices and hopes of the revival of the International Monetary Fund (IMF) programme led the Pakistan Stock Exchange (PSX) to witness a rangebound session on Friday. The benchmark KSE-100 Index closed in the green with an increase in 319.74 points, or 0.75%, to close at 42,861.45 points. At least 527.67 million shares, with …

BEIJING, May 28 (ABC): China said on Friday that it would further facilitate foreign institutional investments in its bond market and coordinate the opening-up of the interbank and exchange bond markets. The country aims to increase the diversity of investors, while improving the liquidity and stability of its bond market, according to a statement jointly issued by the central bank …

BEIJING, May 28 (ABC):Compared with traditional crops, fig, as an emerging cash crop, can obviously play a greater role in promoting farmers’ income. “At present, a small-scale fig soil environmental improvement experiment has achieved remarkable results,” said Dr. Abdul Ghaffar Shar, Researcher of Yangling Fig Research Institute in China. His viewpoint was echoed by Eric Fang, Chairman of Yangling Fig …

ISLAMABAD, May 28(ABC): The price of 24 karat per tola gold witnessed a decrease of Rs 2,100 and was sold at Rs 141,200 on Friday against its sale at Rs 143,300 in the local market. The price of 10 gram 24 karat gold also decreased by Rs 1800 and was sold at Rs 121,056 compared to its sale at Rs 122,756 …