US Bans Import Of Shrimps From Pakistan

KARACHI: The US has banned import of shrimps from Pakistan for not installing turtle excluder devices in fishing nets. The US Food and Drug Administration (USFDA) claimed that the ban, came into effect since May 1, had been imposed because the Pakistani fishing industry failed

Pakistan Signs MOU With Alibaba To Promote Exports Through E-Commerce

HANGZHOU, May 16 (APP): Pakistan on Tuesday signed a Memorandum of Understanding with Alibaba Group Holdings Limited to promote country’s worldwide exports by Small and Medium Enterprises through e-commerce. The agreement between Alibaba and Trade Development Authority of Pakistan was signed by Commerce Minister Khurram Dastgir

Pak Rice Exporters Delegation Signs Mou With Jeddah Chamber

ISLAMABAD, May 15 (APP): Rice Exporters Association of Pakistan (REAP) and Jeddah Chamber of Commerce and Industry (JCCI) signed a Memorandum of Understanding (MoU) for a long term institutional collaboration between the two organizations. According to a message received here from Consulte General of Pakistan,

India Is Part Of Problem In Afghanistan Not Solution: FO

ISLAMABAD, May 05 (APP): India is using Afghan soil for its nefarious designs against Pakistan and it’s continuous behavior proved that it is part of the problem in Afghanistan, not solution. In the weekly media briefing, the spokesperson for the Foreign Office Nafees Zakaria here

Tesla Revenues Surge As It Ramps For Model 3 Launch

WASHINGTON,: Tesla said Wednesday that revenues more than doubled in the past quarter compared with a year ago, as the electric carmaker prepared for production of its new mass-market vehicle. In its update for the first quarter Tesla said its Model 3 development “is nearly complete.”

Alibaba’S Yu’E Bao Becomes World’S Largest Money Market Fund

Alibaba’s money market fund, Yu’e Bao, has become the largest money market fund in the world. The e-commerce giant’s payments affiliate, Ant Financial, moved into fund management when it spotted the amounts of cash growing in its customers’ accounts. According to the Financial Times, the

China, Russia To Develop New Wide-Body Commercial Jet

BEIJING, April 28 (APP): China’s domestic aircraft manufacturer Commercial Aircraft Corp of China has started work to develop a wide-body commercial jet with Russia, and the passenger plane is expected to be delivered within 10 years. The 280-seat wide-body jet would have a range of

Govt Agrees To Allow Private Sector To Market Lng

ISLAMABAD: The government has agreed to allow the private sector to market imported gas under the energy sector reforms in a bid to break monopoly of state-run gas utilities, a senior official in the Ministry of Petroleum and Natural Resources said. According to the official, a

Russia, India Eyeing To Tap Pakistan Gas Market

ISLAMABAD: As Russia fears losing markets in the European Union (EU) because of the ongoing tussle with the United States (US) and European Union over the Ukraine issue, it is looking to capture Pakistan’s market for exporting gas by laying offshore gas pipeline. Russian is a big