Fawad Chaudhry said that Pakistan has joined the ranks of those few countries which are producing their own ventilators.
The Ministry of Information Technology (IT) and Telecommunication on Thursday submitted a summary to the cabinet's Economic Coordination Committee (ECC), proposing major incentives for manufacturing of smartphones in the country.
WASHINGTON: New orders for U.S.-made goods recorded their biggest drop in nearly three years in July, but orders for capital goods were stronger than previously reported, pointing to robust business spending at the start of the third quarter. Factory goods orders tumbled 3.3 percent amid a slump in demand for transportation equipment, the Commerce Department said on Tuesday. That was the biggest drop since August 2014. June’s data was revised to show orders rising 3.2 percent instead of the previously reported 3.0…
SAN FRANCISCO: Apple Inc plans to create a $1 billion fund to invest in US companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker's latest effort to show how it is creating US jobs. The Cupertino, California company will announce the fund's first investment later in May, Cook said during an interview on CNBC. Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps, and will release more details…
NEW DELHI: Apple is to start making iPhones in India this year, a local government official said Friday, as the firm looks to tap a booming middle class as sales in China slow. The US giant has not confirmed the move, but chief executive Tim Cook said this week the company intended to "invest significantly" in India, where a pick-up in the economy provides ample opportunity for growth. "We have an understanding with Apple and we expect them to start manufacturing in Karnataka by the end of April," Priyank Kharge,…
LONDON: British manufacturing shrank at its fastest pace in more than three years in July and business confidence tumbled following the Brexit vote, according to surveys that show an increased chance of a recession ahead.
WASHINGTON: Democratic presidential candidate Hillary Clinton on Friday will propose a $10 billion investment in partnerships to encourage the growth of the U.S. manufacturing sector as part of a national push to discourage outsourcing in the industry.
SYDNEY: Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade.