TOKYO, August 15(ABC): Japan’s economy grew at an annual rate of 2.2% in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions. After keeping its borders closed to most travelers throughout the pandemic, Japan has slowly begun reopening to tourism, as meanwhile business has returned more or less to normal after …

KARACHI, August 15(ABC): Pakistan has unveiled the design of a commemorative note of Rs75 to mark the nation’s 75th Independence Day. In a tweet, the State Bank of Pakistan revealed the layout of the new currency note. It is imprinted with the portraits of Quaid-e-Azam Muhammad Ali Jinnah, Mohtarma Fatima Jinnah, Sir Syed Ahmed Khan and Allama Iqbal, unlike the …

KARACHI, August 13(ABC): Owing to extravagant auto prices, high-interest rates, and waning affordability, passenger car sales plunged by 50% to 10,377 units in July compared to 20,669 units in the same month last year,  reported, citing monthly data. Data released by Pakistan Automotive Manufacturers Association (PAMA) showed that the sales of all vehicles including passenger cars, trucks, jeeps, pick-ups, tractors, …

ISLAMABAD, August 12(ABC): China and Pakistan on Friday agreed to enhance the business and economic relations for joint ventures, business to business talk for increasing industrial cooperation. On the backdrop of the successful meeting of the Minister, Chaudhry Salik Hussain and Secretary, Asad Rehman Gillani, Board of Investment with Ambassador of China, Mr. Nong Rong, during which the resolve was …

TOKYO, August 12(ABC): Tokyo shares jumped more than two percent following gains on Wall Street after US economic data showed inflation may be slowing. The benchmark Nikkei 225 index gained 2.62 percent, or 727.65 points, to end at 28,546.98, while the broader Topix index rose 2.04 percent, or 39.53 points, to 1,973.18. The dollar fetched 133.17 yen, against 133.05 yen …

SEOUL, August 12(ABC): Price for imported goods to South Korea posted the first fall in three months in July on cheaper crude oil, central bank data showed Friday. The import price index came in at 153.49 in July, down 0.9 percent from the previous month, according to the Bank of Korea (BOK). Price for imported raw materials, including crude oil, …

ISLAMABAD, Aug 11 (APP):The Asian Development Bank (ADB) has identified six policy reforms to strengthen railway system in Pakistan and across the Central Asian Regional Economic Cooperation (CAREC) region saying that railways across the region must consider implementing key reforms that would make them more efficient and financially sustainable. A new study by the Asian Development Bank (ADB) assessed the …

ISLAMABAD, August 11(ABC): Chinese operators have invested more than 400 billion yuan (about $59 billion) in 5G construction, according to the 2022 World 5G Convention held in northeast China’s Harbin. A total of 1,854,000 5G bases have been built in China, attracting over 450 million end users, accounting for more than 60 percent of the world total, ecns.cn reported on …

SEOUL, August 11(ABC): South Korea logged a trade deficit in the first 10 days of August due to a faster increase in import than export, customs office data showed Thursday. The trade deficit amounted to 7.68 billion U.S. dollars in the Aug. 1-10 period, according to Korea Customs Service. The trade balance stayed in the red most months of this …

ISLAMABAD, August 11(ABC): The price of 24 karat per tola gold decreased by Rs.1400 per tola and was sold at Rs.141,700 on Thursday against sale at Rs.143,100 the previous day in the local market. The price of 10 gram 24 karat fold also decreased by Rs.1200 and was sold at Rs.121,485 against its sale at Rs.122,685 whereas the prices of …