BEIJING, Feb 7 (INP): The People’s Bank of China (PBOC), the central bank, has said that it will continue its prudent monetary policy while striking a balance between tight and loose. The PBOC will maintain its “policy continuity and stability,” make policies more forward-looking, carry out policy fine-tuning in a timely and appropriate manner, adapt...
Category: Business
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Mexico, China to implement 2.4 bln USD joint investment plan
MEXICO CITY, Feb 5 (INP): Mexico and China are working to implement a joint investment fund of 2.4 billion U.S. dollars to promote development, an official told Xinhua in a recent interview. Carlos Pinera, the director of international trade at the Economy Ministry, said the plan is to use the fund for the automotive industry and infrastructure...
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Carmudi Pakistan co-organizes the Auto & Transport Asia International Exhibition 2016
LAHORE: Carmudi.pk, a leading online vehicle marketplace and E-commerce Gateway (Pvt.) Ltd came together as strategic partners to co-organize The Auto & Transport Asia International Exhibition 2016. Carmudi Pakistan partnered with E-Commerce Gateway to organize. The Auto & Transport Asia International Exhibition, which is a three-day event that took place at Karachi Expo Center from...
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India becomes world’s second largest smartphone market
NEW DELHI, Feb 03 (INP): India has surpassed the United States to become the world’s second-largest smartphone market, crossing 220 million in active unique smartphone users in 2015, a year when Samsung maintained its leadership position and Apple made big strides. “This speaks volumes for the scale India market provides for any player in the...
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Hilton launches new budget hotel brand Tru
Hilton Hotels & Resorts is launching a new hotel brand Tru while focusing on young, budget travelers looking to spend $90 to $100 a night, reported the Chicago Tribune. According to details, the Tru budget hotel chain will have unconventional rooms. Instead of a closet, there will be an open space with hangers and hooks...
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China’s natural gas demand to hit 200 billion cubic meters
BEIJING, Feb 02 (INP): China’s consumption of natural gas is expected to hit 205 billion cubic meters this year, an increase of 7.3% on the previous year, People’s Daily reported. A report released by the China Economic and Technical Research Institute of CNPC saysthat lower prices and tighter environmental regulations will boost the demand for naturalgas. But the overall supply still exceeds demand. It is estimated that in 2016, natural gas will make up 6.4 percent of primary energyconsumption. Of that, urban gas consumption will be 82.7 billion cubic meters, with anincrease of 9.1%; gas consumption for electricity generation will be about 31.9 billion cubicmeters, up 8.7%; gas consumption for industrial fuel is expected to be 61.1 billion cubicmeters, up 6.1%; gas consumption for chemical use will be 29.3 billion cubic meters, up3.7%.? The report also says that China’s natural gas supply will undergo steady growth and reach208 billion cubic meters this year. The supply of natural gas produced in China will reach139 billion cubic meters. Cheaper natural gas will reduce the production of coal-bedmethane, shale gas and coal gas. The annual imported natural gas is expected to reach 69 billion cubic meters this year,including 1.6 million tons (about 30 billion cubic meters) of liquefied natural gas (LNG).
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LPG price likely to decrease by Rs 5-10 per kg
ISLAMABAD, Feb 01 (INP): Price of liquefied petroleum gas (LPG) are likely to decrease by Rs 5 to 10 per kilogram after decline in its price the international market. During last month, LPG price went down by $70 per metric tonne in the global market due to which further reduction is expected in the country...
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Sparklist helps you update your wardrobe and make extra cash
BERLIN (PR): Sparklist, the classifieds mobile app that safely connects buyers and sellers in the same area, just released its iOS version- a great reason to sell those items that are not being used, and make money for new ones. “Our mission is to create a community of buyers and sellers that have a sustainable...
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Pakistan’s first legal music app ‘Taazi’ now available on Telenor Apps store
Taazi, a mobile application from Taazi.com, Pakistan’s first legal music website, is now available on Telenor Apps store providing Telenor Pakistan customers legal access to quality Pakistani music on their mobile devices. Taazi app, launched in August 2015, attempts to create a revolution in the Pakistani music industry by giving power back to the artists....
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Financial literacy: SECP organizes awareness seminar
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in order to further its endeavours to raise awareness about safe investments and build investor confidence has been continuously organizing seminars for employees of corporate entities. One such seminar, “Fostering Professional Learning and Growth” organized at the Mobilink-Learning Center on Friday aimed at increasing financial literacy...