Wednesday, August 21, 2019
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Asia Business

Germany supports energy and health projects in Pakistan with 22.4 million euros

Pakistan and Germany have signed an agreement under the German-Pakistani Development Program, under which Berlin will provide 22.4 million euros in financial aid to support energy, health and economic development projects in Pakistan. The signing ceremony was held at the...

Apple closes retail stores in Hong Kong due to violent protests

Retail stores of Apple closed in Hong Kong early Monday as pro-democracy protests continued throughout the city, local media reported. The report said that the early closures of retail stores took place after the protests in Hong Kong turned violent....

India: We have not imposed ban on circulation of encoded currencies

Indian government has revealed that despite the restrictions by the Reserve Bank of India, the country has not imposed  ban on circulation of encrypted currencies so far. "At present, there is no separate law to deal with coded currencies issue,...

Pakistan tops in discount rate among Asian countries

State Bank of Pakistan SBP in its meeting on Tuesday raised the discount rate by 100 bps to 13.25 percent with effect from 17th July 2019. The decision takes into account upside inflationary pressures from exchange rate depreciation since the...

Iranian oil minister optimistic about improving Tehran’s oil exports

Iran's oil minister, Bijan Namdar Zangeneh, was quoted as saying on Sunday that he was "very optimistic" about an improvement in his country's crude oil exports despite US sanctions on Iran's main source of income, "I am very optimistic about...

US Congress seeks to prevent production of digital currency in Iran

Assistant minister of Industry, Trade and Minerals of Iran Saeid Zandi said that the US Congress, seeks to prevent the production of digital currency "Petkwin" in Iran. "This digital currency is a tool to avoid the financial embargo on individuals...

Chinese home appliance giant “Orvibo” leaks the data of one million users

Orvibo Chinese smart home appliances company displayed the data of its users including their passwords, e-mails and other sensitive information have raised the concerns worldwide. According to Daily Mail, a group of researchers revealed the leak of Orvibo's customer database,...

China unveils air-speed train over 600 km per hour

China is currently seeking to build a "magnetic" train that can travel more than 600 kilometers an hour, making it a match for airspeed, Russian news network reported. The train is based on magnetic propulsion, which eliminates friction problems and...

Pakistan will receive first tranche of $ 3 billion from Qatar next week

Qatar said on Saturday that the first installment from $ 3 billion as agreed by Emir of Qatar Sheikh Tamim Bin Hamad Al Thani to invest in Pakistan in various projects will be deposited in the next week. Well informed...

Pakistan: Rupee hits historic low against USD, 27 rupees decline since March

Pakistan Rupee continues to take battering as it shed another Rs.6.85 against USD on Wednesday to close at Rs164.00 in the interbank, historic low, compared with last closing of Rs157.15 as the government and central bank have lost all...
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Australia to join US-led mission in the Strait of Hormuz

Australia will join a US-led mission to protect shipping lines along the Hormuz Strait as tensions with Iran escalate,...
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Saudi Arabian new passport rules comes into force

Saudi Arabia has begun enforcing regulations that allow women over the age of 21 to apply for a passport and travel abroad without the...

Disney to unveil video streaming service on Apple and Google platforms in November

Walt Disney will launch the Disney plus video streaming service in Canada and the Netherlands on November 12, while Australia and New Zealand will...

Johnson: India and Pakistan should settle Kashmir issue through dialogue

British Prime Minister Boris Johnson said in a telephone conversation Tuesday with his Indian counterpart Narendra Modi that India and Pakistan should settle the...

British PM criticized with letter to EU backstop regulation

The British Prime Minister Boris Johnson, in a letter to EU Council President Donald Tusk, he has again attempted to abolish the backstop regulation...