ISLAMABAD, Aug 29 (ABC): The United States of America (USA) remained the top exports destination of the Pakistani products during the first month of current fiscal year, followed by China and United Kingdom (UK).Total exports to the US during July 2022 were recorded at US $499.686 million against the exports of US $503.118 million during July 2021, showing decline of …

ISLAMABAD, Aug 29 (ABC): President, Pakistan Businesses Forum, Mian M. Usman Zulfiqar on Monday said Pakistan could generate an additional $2 billion in exports solely by focusing on branding.He said Pakistan’s textile sector needs branding as it can promote Pakistani flavour in the international market and help secure maximum orders, which can augment the export value of readymade garments, said …

ISLAMABAD, Aug 29 (ABC): The price of 24 karat per tola gold witnessed a decrease of Rs1400 on Monday and was sold at Rs.145,600 against its sale at Rs.147,000 the previous day. The price of 10 gram 24 karat also declined by Rs.1200 and was sold at Rs124,828 against Rs.126,028 whereas that of 10 gram 22 karat decreased to Rs.114,426 …

ISLAMABAD, Aug 29 (ABC): Federal Minister for Finance and Revenue Miftah Ismail here on Monday shared the fiscal measures being undertaken for economic revival of country’s economy with newly appointed Governor of State Bank of Pakistan (SBP) Jameel Ahmad. According to a press statement issued by the finance ministry during a meeting with the SBP governor, the minister also shared …

ISTANBUL, Aug 29 (ABC): Japan’s prime minister announced a $30 billion investment in Africa, saying his country will contribute vigorously to African development. “Japan aspires to be a partner, growing together with Africa,” Fumio Kishida told a joint news conference along with African Leaders on Sunday after hosting the Eighth Tokyo International Conference on African Development. He virtually addressed the …

KUALA LUMPUR, Aug 29(ABC): The growth of Malaysia’s Producer Price Index (PPI), which measures the prices of goods at factory gate, eased to 7.6 percent in July from 10.9 percent in June, official data showed Monday. It was attributed to the manufacturing index which grew 9.9 percent, followed by the mining index that increased 9 percent, the Department of Statistics …

ISLAMABAD, Aug 29(ABC):  Owing to the flood that wreaked havoc in various parts of the country, the prices of vegetables, particularly onions and tomatoes, have increased manifold in Islamabad. In various markets of Islamabad, onions are being sold at Rs280 and tomatoes at Rs220 per kilogramme. Whereas, in the Sunday Bazaars, average quality onions were available at Rs230 and tomatoes …

ISLAMABAD, Aug 29(ABC):  Pakistan has assured international LNG suppliers of timely payments for their spot cargoes over the next six years through standby letters of credit (SBLCs) to top-ranking international banks. The state-run Pakistan LNG Limited (PLL) has given the assurance to international bidders, seeking 72 cargoes over the next six years (2023-28) at the rate of one cargo per …

LAHORE, Aug 29(ABC): In the wake of the massive damage caused to crops by the monsoon rains and floods, different organisations have urged the government to extend financial help to affected farmers to enable them to sow the next crop. Farmers Associates Pakistan (FAP) Director Farooq Bajwa says that the record-breaking rains have caused 30 per cent losses to the …

MELBOURNE, Aug 29(ABC): Oil prices rose 1% on Monday, as expectations OPEC will cut output if needed to support prices, conflict in Libya, and rising demand amid soaring natural gas prices in Europe helped offset a dire outlook for growth in the United States. U.S. West Texas Intermediate (WTI) crude futures jumped $1.09, or 1.2%, to $94.15 a barrel at …