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  • US taps Lerrick as IMF acting executive director

    September 23, 2018 12:00 AM 1

    WASHINGTON: U.S. Treasury official Adam Lerrick has been tapped by the Trump administration to serve as the country’s acting executive director at the International Monetary Fund (IMF), the Financial Times reported on Friday, citing a source. Lerrick, who is a counselor for international affairs, will be temporarily appointed U.S. executive director

  • Pakistanis lose $4.5 billion/year in net income on patchy electricity access: WB

    September 21, 2018 12:00 AM 3

    KARACHI: Pakistani households lose an immense $4.5 billion or 1.7 percent of GDP in net income every year due to the lack of reliable access to electricity, the World Bank said, underscoring the need of energy sector reforms to address inefficiencies. “This estimate is likely to grossly understate the actual loss, because it does not capture the impact

  • Malaysia’s inflation rate rises 0.2pc

    September 20, 2018 12:00 AM 7

    KUALA LUMPUR: Malaysia´s consumer price index in August rose 0.2 percent from a year earlier, the slowest growth in three-and-a-half years, after the removal of a 6 percent consumption tax, government data showed on Wednesday. The annual inflation rate was below the 0.4 percent rise forecast by a Reuters poll, and was the lowest since February 2015, when it was at 0.1 percent

  • EU delegation visits Lahore

    September 20, 2018 12:00 AM 9

    LAHORE: A high-profile delegation of the European Conservative and Reformists Group of Parliamentarians visited Lahore, a statement said on Wednesday. The delegation was led by Hans-Olaf Henkel and five other members of his team, it added. The visit of the trade focused parliamentary delegation from the EU will open further opportunities for enhanced

  • Hashoo Foundation, GB-DMA sign deal

    September 20, 2018 12:00 AM 8

    KARACHI: The Hashoo Foundation and Gilgit-Baltistan Disaster Management Authority (GB-DMA) have signed a memorandum of understanding (MoU), a statement said. Under the MoU, Hashoo Foundation would facilitate in the capacity building of the latter in different aspects of environment, climate compatible development, and disaster risk reduction and disaster

  • Tdap participation in World Food Moscow, Russia

    September 19, 2018 12:00 AM 3

    Moscow: TDAP is participating in World Food Moscow Russia with six (06) exhibitors relating to the products categories like rice, fruits & vegetables, spices etc. World Food Moscow, a four (04) day exhibition starting from 17th September, 2018, is a major exhibition serving the global food and drinks industry. Since its inception in 1991, the event has grown

  • China’s ‘reform deficit’ lamented

    September 19, 2018 12:00 AM 3

    Beijing: Foreign companies cannot compete on a level playing field in China because the world´s second-largest economy is stuck in a "reform deficit", a European business group said Tuesday. Despite four decades of booming growth, Beijing has fallen behind on pledges to implement reforms and liberalise its economy, the EU Chamber of Commerce in China

  • Clariant to form JV with SABIC

    September 19, 2018 12:00 AM 3

    ZURICH: Switzerland´s Clariant will merge its high-performance materials business with that of new anchor shareholder Saudi Basic Industries Corporation (SABIC) to focus on higher-value specialty chemicals, it said on Tuesday. Under the terms of the deal, Clariant will hold a majority stake in the new combined business, which will bring together its Additives

  • Halal products fair on Sept 29

    September 19, 2018 12:00 AM 3

    ISLAMABAD: The exhibition of Halal products will be held in Dubai on September 29. In the exhibition, companies which are making dairy products, frozen vegetables, bakery products, seafood, and ice cream will showcase their products. Halal Expo Dubai is the largest and only dedicated exhibition focusing on all aspects of Halal products and services

  • LCCI donates Rs10mln in dam fund

    September 18, 2018 12:00 AM 3

    LAHORE: Executive Committee of the Lahore Chamber of Commerce and Industry (LCCI), headed by its President Malik Tahir Javaid, held meeting with Prime Minister Imran Khan and donated Rs10 million to the PM Dam Fund, a statement said on Monday. The LCCI president along with Senior Vice President Khawaja Khawar Rasheed, Vice President Zeeshan Khalil and Executive