Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

Pakistan imports goods worth $10.6 b from four GCC countries

    • Imports from UAE $6.2 billion compared to $5.9 billion last year

    • The highest increase in imports recorded from Saudi Arabia

    Pakistan’s imports from four GCC countries were nearly $10.6 billion during the first 11 months of 2020-21, a report said.
    The country’s imports from UAE were worth nearly $6.2 billion compared to $5.9 billion last year, an increase of 3.72 percent.
    Among the GCC countries, Saudi Arabia accounted for the highest (68.37 percent) increase in Pakistan’s imports—$2.1 billion this year against $1.2 billion last year, WAM reported citing the State Bank of Pakistan data.
    The imports from Kuwait were recorded at $1.1 billion against $984 million last year.
    Pakistan’s imports from Qatar were recorded at $1.1 billion during the current fiscal year compared to $1.5 billion last year.
    China topped the list of countries from where Pakistan imported different products during the first eleven months of the financial year 2020-21.
    The total imports from China during July-May (2020-21) were recorded at $11.45 billion against the $8.2 billion during July-May (2019-20), showing an increase of 38.74 percent during the period, SBP reported.