Turkmenistan country profile
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United Arab Emirates
Gallery – Business
Gallery – Business
The European Union’s second-highest court has overwhelmingly upheld the EU’s record fine against Google over its Android operating system for mobile phones, slightly reducing the fee for technical reasons. In a statement on Wednesday, the EU’s General court said it “largely confirms the commission’s decision that Google imposed unlawful restrictions on manufacturers of Android mobile devices” in order to benefit its search engine. The court, however, said the fine should be slightly reduced to $4.1 billion (4.125 billion euros), instead of the $4.4 billion (4.3 billion euros) decided by the commission in 2018, after reviewing the duration of the infringement.
Tributes have poured in for Cyrus Mistry, the billionaire former chairman of India’s biggest conglomerate Tata, who died in a car crash on Sunday. Mistry, 54, was ousted from Tata in 2016 in a boardroom coup that sparked a long and bitter legal battle. The dispute made global headlines. Indian Prime Minister Narendra Modi called Mistry’s sudden death “a big loss to the world of commerce and industry”.
The first ship carrying grain has left a Ukrainian port under a landmark deal with Russia. Turkish and Ukrainian officials say the ship left the southern port of Odesa early on Monday morning local time. Russia has been blockading Ukrainian ports since February, but the two sides agreed a deal to resume shipments. (Image: Alexander Kubrakov)
Regarded as one of Pakistan’s major fruit crops, mangoes are the direct affectees of the heatwaves that have gripped the subcontinent so far. According to some estimates 50 to 60% of the crop has taken a massive hit due to the unprecedentedly high temperatures and with the climate change induced heat waves now set to become the norm the future for mango production looks bleak for now.
Inter-Services Public Relations (ISPR) Director General (DG) Major General Babar Iftikhar said that the defence budget allocation for the fiscal year 2022-23, contrary to perception, had decreased after factors such as inflation and rupee depreciation were accounted for, and was now 2.2 per cent of the GDP from 2.8pc last year. In the budget presented by Finance Minister Miftah Ismail, defence services were allocated Rs1,523 billion, which makes up 17.5pc of the total current expenditure and is 11.16pc higher than last year.
For the second time, Hina Rabbani Khar, who got a celebrity treatment during her first official visit to India, will take helm as Pakistan’s junior foreign minister in the new 37-member cabinet unveiled by Prime Minister Shehbaz Sharif.
The United Arab Emirates (UAE) has shown interest in building strategic oil reserves in Pakistan – a project which will help cope with shortages if such a problem arises in future. The two countries have partnered with each other in Pakistan’s largest oil refinery – Pak-Arab Refinery Limited (Parco). The two countries have partnered with each other in Pakistan’s largest oil refinery – Pak-Arab Refinery Limited (Parco). There is also a plan to set up another refinery in the coastal area of Balochistan.
Russia’s central bank has said it will resume buying gold from the domestic market, as it takes measures to help ensure financial stability amid western sanctions against the country over the war in Ukraine. Russia held a little under 2,300 tonnes of gold, or 21 per cent of total reserves, at the end of January, according to the World Gold Council.
Prime Minister Imran Khan speaks to Microsoft co-founder and philanthropist Bill Gates at the PM Office in Islamabad, on February 17, 2022 (left) and President Arif Alvi confers Hilal-e-Pakistan on the philanthropist at Aiwan-e-Sardaron on February 17, 2022. — PID
The government of Pakistan increased the prices of all petroleum products. The ex-depot price of petrol was fixed at Rs159.86 instead of Rs147.83 per litre at present, up by Rs12.03 per litre or 8.14pc.
The business community of Pakistan should play its due role in promoting trade and investment in the Association of Southeast Asian Nations (Asean) markets such as Indonesia, said Indonesian Ambassador Adam Mulawarman Tugio. He was speaking to the delegation of Rawalpindi Chamber of Commerce and Industry.
Staff at Qatar Airways who vent work worries online say the state carrier is retaliating with legal threats and job cuts – part of a growing corporate trend to monitor and muzzle employees who dare speak out.
Swiss-based start-up THE JET ZeroEmission announced that it has inked an agreement with Zenith Marine Services LLC, a UAE based company; and DWYN LLC to manufacture and operate ‘THE JET’ – the first clean-energy, hydrogen-powered flying boat. Featuring an iconic design, the boat’s world premiere will be held in Dubai.
Two Afghan nationals were arrested at Peshawar’s Bacha Khan Airport on Tuesday for allegedly attempting to smuggle around 10 kilograms of gold out of the country.
TikTok proves its value in brands’ mission to engage with consumers. Tiktok has now officially overtaken Google as the internet’s most popular destination search-wise, boasting over 1 billion monthly users.
India fears another Covid catastrophe as daily infections nearly tripled over two days this week to more than 90,000, a surge driven by the contagious Omicron variant.
Plastic to package fruits and vegetables banned in France. It is estimated that in Europe, out of the eight million tonnes of plastic produced per year for single-use packaging, 1.5 million tonnes could already be removed.
Turkey: Stock trading halted twice as lira crashes to new low.
As per latest data from the State Bank of Pakistan, the exports of ‘Telecommunications, Computer and Information services’ (or ICT exports) stood at $80m in Jul-Oct period of FY22, showing year-on-year growth of 39 per cent.
Roshan Digital Account: Inflow climb above $20bn in November this year