Business News
-
Investment in garment city a waste | The Express Tribune
.
[ad_1] ISLAMABAD: Economic managers have observed that government’s investment in Lahore Garment City Company (LGCC) is a waste of money and therefore it should refrain from running businesses. During discussions at a recent meeting, the Economic Coordination Committee (ECC) noted that substantial government money had been spent on the LGCC project with a view to…
-
BOJ ‘very likely’ to hike rates if inflation keeps rising | The Express Tribune
.
[ad_1] WASHINGTON: Bank of Japan Governor Kazuo Ueda said on Friday the central bank “very likely” will raise interest rates if underlying inflation continues to go up, and begin reducing its huge bond buying at some point in the future. The central bank must maintain loose monetary policy for the time being as underlying inflation…
-
Shareholders approve transfer of PIA operations to holding company amid privatisation push
.
[ad_1] A Pakistan International Airlines passenger jet is parked on the tarmac o Kabul Airport. —AFP/File The majority of the shareholders of the Pakistan International Airlines Corporation Limited (PIACL) has favoured the transfer of operations to the PIA Holding Company Limited (PIAHL), which was formed to oversee the privatisation of the loss-making state-owned entity, a…
-
Robert Kiyosaki shares 6 wealth building strategies
.
[ad_1] The acclaimed author of several books based on life lessons, Robert Kiyosaki has shared his invaluable insight for the young generation by suggesting some alternate wealth-building strategies, Go Banking Rates reported. Kiyosaki is the author of the highly successful book, “Rich Dad, Poor Dad”, where he compares teachings from his poor, highly literate father…
-
Aurangzeb optimistic about larger bailout program from IMF | The Express Tribune
.
[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Saturday expressed the expectation of larger bailout programme from the International Monetary Fund (IMF) and considered improving the revenue distribution between the provinces and the Center. Speaking to a group of journalists and think-tanks in Washington, the minister said, if the loan is approved,…
-
Pakistan ‘looking forward’ to continued Chinese support ahead of new IMF deal
.
[ad_1] Finance Minister Muhammad Aurangzeb with his Chinese counterpart Lan Fo’an during their meeting in Washington on April 19, 2024. — X/@Financegovpk WASHINGTON: Finance Minister Muhammad Aurangzeb has asked for “continued support” from China, as Pakistan formally applies for a new programme with the International Monetary Fund (IMF), a statement by the finance ministry stated on…
-
Stocks surge on Saudi deal hopes | The Express Tribune
.
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday snapped a three-day losing streak and notched up significant gains as the KSE-100 index reached a historic high above 70,900 with a surge of 620 points. In the morning, trading was shadowed by the escalating Middle East crisis following news reports saying that Israel had carried out…
-
PM Shehbaz directs authorities to step up anti-smuggling drive
.
[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Friday reaffirmed his resolve to purge the country of smuggling and directed the authorities concerned to accelerate the nationwide drive against the menace. Chairing a high-level meeting to curb smuggling, the premier paid tribute to Chief of Army Staff (COAS) General Syed Asim Munir for his full cooperation…
-
Apple has new competitor in China
.
[ad_1] Apple shares may be taken by Huawei in China. — Unsplash/File Tim Cook would like to make us think that everything is going well for his Apple company in China but that might not be the case. At the opening of a new store in Shanghai’s Jing’an district, a highlight reel of the Apple…
-
Google fires 28 employees for protesting against $1.2bn contract
.
[ad_1] Sit-in protestors arrested for standing against $1.2 billion contract with Israel. — X/@Angryman_J Tech giant Google has fired 28 employees for protesting over the company’s contract with Israel to provide them with cloud and artificial intelligence services amid an ongoing genocide in Palestine, NBC reported. The demonstrators were protesting as part of the group “No…
