Business News
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Aurangzeb ‘better choice’ to manage Pakistan’s economy ahead of IMF talks: analysts
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[ad_1] Muhammad Aurangzeb officially takes over the responsibility as Finance Minister of Pakistan in Islamabad, on March 11, 2024. — Ministry of Finance Analysts termed former JPMorgan banker Muhammad Aurangzeb as a “better choice” to manage the country’s economy ahead…
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Oil steady as OPEC retains demand forecasts | The Express Tribune
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[ad_1] LONDON: Oil prices were little changed on Tuesday as OPEC stuck by its forecast for demand growth this year and next, amid persistent tensions in the Middle East and beyond. Brent futures for May delivery were up 24 cents…
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Banks achieve 86% growth in profits | The Express Tribune
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[ad_1] KARACHI: Pakistan’s banks listed on the stock market have reported an outstanding growth of 86% in their net profit in the year ended December 2023, boosting total earnings to a record high of Rs572 billion amid a higher interest…
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$3.2b received in financial assistance in July-Jan period | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan received $2.408 billion from multilateral creditors and another 794.6 million from bilateral creditors during the first seven months of the current fiscal year, according to the statistics released by the economic affairs ministry on Tuesday. During the…
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PSX closes in red, as KSE-100 index plummets by over 900 points
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[ad_1] An investor can be seen speaking on the phone in front of the digital screen at the Pakistan Stock Exchange. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) Tuesday closed at 64,801.70 points after plummeting by over 953.6 points,…
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Good news for homeowners: Rhode Island, New Jersey among top US states with biggest gain in home prices
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[ad_1] A house on sale in the USA. — AFP File Homeowners with mortgages gained 8.6% more equity in their homes in the last quarter of 2023. This is an average increase of thousands of dollars per household. Among all…
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AJK to get telecom licence fee | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has made amendments to the law for transferring the licence fee, renewal fee and spectrum auction proceeds received from telecom operators working in Azad Jammu and Kashmir (AJK) to the regional government. So far, the…
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PC leads efforts to revamp framework | The Express Tribune
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[ad_1] ISLAMABAD: Chairman of the Planning Commission, Muhammad Jehanzaib Khan, stated on Monday that efforts were underway to enhance the National Planning Framework in collaboration with provinces and stakeholders, intending to incorporate it into the National Economic Council’s agenda. He…
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Aurangzeb assumes role as finance minister amid challenges | The Express Tribune
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[ad_1] ISLAMABAD: In a significant development for Pakistan’s economic landscape, Muhammad Aurangzeb officially took charge as the Finance Minister on Monday after being sworn in at the President’s House earlier in the day. Aurangzeb has been serving as president and…
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Bitcoin hits record above $71,000 as demand frenzy intensifies | The Express Tribune
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[ad_1] LONDON: Bitcoin hit a record high on Monday above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down. Britain’s financial watchdog on Monday became the latest regulator to pave the way for digital asset…
