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BEIJING: China had four million millionaire households in 2014, the second-highest in the world after the United States, as the country’s stock market boom boosted private wealth, an independent survey showed Tuesday. One million new millionaires were created in the ...

LONDON: Oil prices slid on Monday amid bearish news on US industrial output and a breakdown in Greece’s debt talks. Worries that US oil output is not declining and Saudi Arabia could further ratchet open its oil pumps also are ...

ISLAMABAD: Jamiat Ulema Islam Chief Maulana Fazlur Rehman on Friday called upon the government for step to introduce interest-free economic system in the country and rely more on indigenous resources than borrowing from international financial institutions. Speaking in National Assembly ...

ISLAMABAD: Minister for Planning and Development, Ahsan Iqbal has said Pakistan and the Russian Federation are set to move towards the new phase of cooperation, where their economic relations are expected to bolster in the days ahead. With a long ...

ISLAMABAD: Finance Minister Ishaq Dar Saturday clarified that the government has imposed no new tax on basic commodities. Addressing the post-budget press conference in Islamabad this afternoon, he said that government has not increased prices of ghee, sugar, milk, pulses, ...

ISLAMABAD: Pakistan has targeted a fiscal deficit of 4.3 percent of GDP in the 2015-16 financial year, down from 4.9 percent envisaged in 2014/15, Finance Minister Ishaq Dar told parliament on Friday as he unveiled the budget. Figures already released ...

ISLAMABAD: The government has recruited 3500 new doctors, 350 dentists, 3300 nurses, 4500 paramedics and 450 traditional birth attendants during 2014-15. According to a Pakistan Economic Survey report 2014-15 released here on Thursday, the total numbers of TB cases are 63470, ...

RIYADH: OPEC kingpin Saudi Arabia is forecast to post a budget deficit of 20 percent of gross domestic product because of the sharp decline in oil revenues, the IMF said Tuesday. “Government spending in 2015 is expected to remain strong, ...

PESHAWAR: The annual budget for fiscal year 2015-16 will be presented in the Provincial Assembly of Khyber Pakhtunkhwa on Saturday at 03:00 PM. KPK’s annual budget will be presented in the house on June 13 for financial year 2015-16, According ...

TOKYO: Asian shares slipped early on Monday as persistent fears about Greece’s precarious financial situation and downbeat U.S. data sapped confidence. Greece and its European creditors agreed on the need to reach a cash-for-reforms deal quickly as Athens missed a ...