Business News
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High costs restrict textile exports | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s textile exports marginally increased by 3% and reached $1.3 billion in March 2024 compared to the same month of last year, according to provisional data compiled by the All Pakistan Textile Mills Association (Aptma). Last year in…
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Customs, motorway police combat smuggling | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Customs and the Motorway Police have signed new protocols to check vehicles on the motorways amid the government’s increased focus on the anti-smuggling drive. The Standard Operating Procedures ensure the implementation of both Customs laws and the…
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Industrialists warn of rising production costs | The Express Tribune
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[ad_1] KARACHI: Business leaders have warned that a significant surge in petrol prices would lead to price increases across all commodities and products, adding 5% to the cost of all industrial production. Speaking to The Express Tribune, they expressed concern…
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World Bank projects Pakistan’s economic growth at just 1.8% in FY24
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[ad_1] An undated image of World Bank Headquarters in Washington DC. — AFP With nearly 40% of Pakistan’s population slipped below the poverty line amid skyrocketing inflation, the World Bank (WB) on Tuesday projected cash-strapped nation’s economy to grow by…
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Real interest rate turns positive | The Express Tribune
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[ad_1] KARACHI: Pakistan’s real interest rate – the current interest rate minus the inflation reading – has entered positive territory on a spot basis after a gap of 37 months on Monday, increasing the probability that the central bank will…
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Pakistan, Japan pledge to strengthen trade ties | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Japan pledged to enhance trade relations and collaboration during a meeting between Ambassador WADA Mitsuhiro and Federal Minister for Commerce, Jam Kamal Khan. They discussed ways to strengthen trade relations and mutual trust between Japan and…
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India hydropower output records steepest fall | The Express Tribune
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[ad_1] SINGAPORE: India’s hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters’ analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand….
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Zardari urges quick trade deal with Turkmenistan | The Express Tribune
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[ad_1] ISLAMABAD: President Asif Ali Zardari called for an early finalisation of the Transit Trade Agreement with Turkmenistan to further boost bilateral cooperation between the two brotherly countries. During a meeting with the Ambassador of Turkmenistan to Pakistan, Atadjan Movlamov,…
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Inflation falls to two-year low of 20.7% in March | The Express Tribune
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[ad_1] ISLAMABAD: Inflation fell to nearly two years low of 20.7% in March despite seasonal spurt in perishable food items, beating the government’s expectations by a wide margin and putting a question mark on the central bank’s policy to maintain…
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Petrol price jacked up by Rs9.66 per litre ahead of Eid ul Fitr
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[ad_1] A fuel station worker refills a car’s petrol tank. — AFP/File The price of per litre petrol has been jacked up by Rs9.66 per litre for the next 15 days following a surge in international crude rates. However, the…
