Business News
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Exports to China jump 44.53% in 7 months | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s export of goods and services to China witnessed an increase of 44.53% during the first seven months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, the State…
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Bitcoin hits $60,000 as rally gathers pace | The Express Tribune
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[ad_1] LONDON: Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new US spot bitcoin exchange traded products fuelled a 42% price rally in February, which would mark its…
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Reliance on renewables a must | The Express Tribune
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[ad_1] Open access policies and the implementation of the Competitive Trading Bilateral Contract Market (CTBCM) are crucial steps towards enhancing energy adoption in Pakistan, said Abubakar Ismail, Head of Energy & Sustainability at Amreli Steels Limited. Photo: file ISLAMABAD: Pakistan’s…
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NEPRA puts livelihoods at risk, say traders | The Express Tribune
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[ad_1] According to the data provided to Nepra, energy generation in June 2021 was recorded at 14,361.17 GWh. PHOTO: FILE KARACHI: The business community, distraught by the increasing cost of inputs, has appealed to the government to stop the National…
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Pakistan ‘secures’ $2 billion loan rollover from China
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[ad_1] Currency dealer trader counts the US dollar notes at a currency exchange office, in Karachi July 13, 2023. — PPI ISLAMABAD: In a major boost to the country’s foreign exchange reserves, China has rolled over $2 billion to Pakistan,…
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China agrees to rollover $2b debt on existing terms | The Express Tribune
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[ad_1] ISLAMABAD: China has agreed to rollover a $2 billion debt on existing terms after initially seeking a hike in price, as Pakistan’s policy to maintain foreign exchange reserves through deposits by three countries is becoming costly due to a…
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DISCOs: govt to adopt Turkish model | The Express Tribune
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[ad_1] The key challenges faced by DISCOs included poor governance and inadequate investment. Therefore, they were placed on the active privatisation list but the process could not move forward. Photo: file ISLAMABAD: Pakistan has decided to follow the Turkish model…
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Businessmen decry hike in terminal charges | The Express Tribune
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[ad_1] Businessmen demanded the formation of a regulatory authority for the container terminals to ensure a better working environment. Photo: File KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Senior Vice President (SVP) Saquib Fayyaz Magoon has said…
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Daraz announces layoffs in memo | The Express Tribune
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[ad_1] KARACHI: Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting Chief Executive Officer James Dong said on Tuesday in an internal memo to employees reviewed by Reuters. The…
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US sanctions ‘may not apply’ to IP project | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Tuesday said the US sanctions might not apply to Iran-Pakistan (IP) gas pipeline project at a stage when Islamabad was going to lay pipeline within its territory and not connecting it with the neighbouring country. “I…
