Zimbabwe plans new currency as dollar shortage bites
HARARE: Zimbabwe will introduce a new currency in the next 12 months, Zimbabwe finance minister said, as a shortage of United States...
Punjab Governor urges expats to invest into Pakistan
DUBAI: Punjab Governor Chaudhry Muhammad Sarwar while on a visit to Dubai on Saturday, urged the overseas Pakistani's to provide full support in...
Foreign investment on the rise, says Ali Muhammad Khan
ISLAMABAD: Minister of State for Parliamentary Affairs Ali Muhammad Khan on Saturday said that foreign investment in the country is on the rise...
Qatar Investment Authority aims to reach $45 billion in US investments
DOHA: Qatar Investment Authority aims to raise investments in the United States (US) to $45 billion in the next two years as...
Bank of China to enable payment in yuan on US e-commerce platforms: Xinhua
BEIJING: Bank of China’s New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales...
President reconstitutes National Finance Commission
ISLAMABAD: The president has reconstituted the National Finance Commission (NFC) with Finance Minister Asad Umar as its chairman, according to a Finance Division...
World Bank President Jim Yong Kim resigns
WASHINGTON: World Bank Group President Jim Yong Kim will resign effective February 1, more than three years ahead of the expiration of his...
Southeast Asia wary of China’s Belt and Road project, skeptical of US, reveals survey
SINGAPORE: Southeast Asian countries should be cautious in negotiating with China on its flagship Belt and Road Initiative (BRI) to avoid being...
Weakness in China economy gives Beijing incentive for trade deal, says Trump
WASHINGTON: US President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the...
Abraaj nears deal to offload its 66pc stake in K-Electric to Chinese group
Private equity firm Abraaj is close to reaching agreement with the Pakistan government to sell its 66 per cent stake in Karachi-based...
Vigilant to global economic risks clouding recovery, says Japanese PM
TOKYO: Japan’s government will keep a close eye on looming risks to a global economic recovery as it guides policy, Prime Minister...
Kuwait reiterates request to Dubai to release $496 million frozen funds
DUBAI: Kuwait reiterated its request to Dubai to release $496 million in frozen funds held for over a year and belonging to...
China’s Chongqing to step up support for real economy
SHANGHAI: The sprawling southwestern Chinese city of Chongqing has introduced more measures to bolster the real economy amid growing pressure from Beijing...
Indian court declares tycoon Mallya a ‘fugitive economic offender’
MUMBAI: A court in India set up under anti-money laundering laws declared liquor and aviation tycoon Vijay Mallya a “fugitive economic offender”...
Iran’s central bank proposes slashing four zeros from falling currency: IRNA
DUBAI: Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency...