Author Archives: Aamir Majeed

Finance Ministry dispels demonetisation rumours

The Finance Ministry on Monday categorically denied the news reports and rumours circulating in a section of press and some business circles regarding demonetisation of Rs 5000 note. According to the Finance

Food imports increase 5.43pc in 5 months

The food imports into the country witnessed increase of 5.43 per cent during the first five months of the current fiscal year compared to the corresponding period of last year. The food

Leather industry tycoons request more EU assistance

European Union (EU) Head of Cooperation Bernard Francois attended the 2nd Project Steering Committee Meeting arranged by the EU funded “Pakistan Leather Competitiveness Improvement Programme (PLCIP)” under European Union’s Trade Related Technical

China fines GM unit $29m for ‘price fixing’

Beijing has fined the Chinese unit of General Motors nearly $29 million for “infringing on the rights of consumers and its competitors” via price-fixing, Shanghai authorities said. SAIC-GM — a joint venture

Iran’s Rial hits fresh record low

Iran’s currency plumbed new lows against the ‘Dollar’ on Sunday, continuing a six-month decline that has seen the ‘Rial’ lose some 17 per cent of its value despite the lifting of sanctions.