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Spanish bank, BBVA drops 44.2% in year 2012

According to a statement released by BBVA on Friday, the bank’s net profit last year contracted to 1.676 billion euros (USD 2.283 billion) that...

Pakistan inflation rises to 8.07 pct in January

KARACHI: Pakistan's consumer price inflation rose to 8.07 percent in January this year as against 7.93 percent in December 2012, the Pakistan Bureau of...

SBP injects Rs588.85 billion in banking system

KARACHI: In order to help banks meet their liquidity requirement ahead of the weekly settlement, Pakistan's central bank on Friday injected Rs588.85 billion into...

Iran and Turkey surpassed 20 billion dollars in 2012

Ankara: Abdullah Gul, the President Turkey confirms that trade between Iran and Turkey will continue to increase in forthcoming years. While meeting outgoing Iranian Ambassador to...

Iran claims it is producing jet fuel

TEHRAN: Iran claims Thursday that it has joined the club of jet fuel producers after President Mahmoud Ahmadinejad inaugurated the third development phase of...

Cabinet approves three-year trade policy

ISLAMABAD: Pakistan’s federal Cabinet on Wednesday gave its approval to Trade Policy for the next three years with a proposed cumulative export target of...

Pakistan-India bus and trade services resume as tensions ease

SRINAGAR: Following the resumption of cross-border bus service between Pakistan and India, at least 138 passengers finally reached their respective destinations, Dispatch News Desk...

External debt of Armenia is balooning

The external debt of the Government of Armenia in 2012 has increased by nearly $300 million compared to 2011, reaching $3.869 billion, reports Dispatch...

Inflation will go high in Pakistan as State Bank injects more money in market

KARACHI: The State Bank of Pakistan on Monday injected Rs690.9 billion into the money market through a 4-day reverse repo to help ease tight...

Iran is attending African Union summit to discuss Mali crises

Addis Ababa: Iran is attending 20th summit of the African Union and Iranian Foreign Minister Ali Akbar Salehi arrived in the Ethiopian capital Addis Ababa on...

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