Business News
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British financier Jacob Rothschild dies aged 87
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[ad_1] Jacob Rothschild has also served as the Chairman of Trustees of the National Gallery and the National Heritage Memorial Fund. — AFP/File Lord Jacob Rothschild, a financier and head of the renowned Rothschild empire, has passed away at the age of 87, People reported. In a statement released on Monday, his family announced his…
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K-P CM boasts Rs100b treasury surplus | The Express Tribune
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[ad_1] Justice (retd) Arshad Hussain Shah. PHOTO: EXPRESS PESHAWAR: Khyber-Pakhtunkhwa’s Caretaker Chief Minister, Syed Arshad Hussain Shah, commended all institutions for overseeing free, fair, and peaceful elections in the province. Speaking at a press conference regarding his government’s performance, he recounted the financial challenges faced upon assuming office, highlighting a depleted provincial treasury incapable of…
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Pakistan, UAE eye date palm cultivation | The Express Tribune
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[ad_1] ABU DHABI: Pakistan and the United Arab Emirates (UAE) on Monday signed a Memorandum of Understanding (MoU) aimed at boosting agricultural innovation and research related to the development and promotion of various aspects of date palm cultivation and the allied industry. Ambassador of Pakistan to UAE Faisal Niaz Tirmizi and General Secretary of Khalifa…
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Bank financing hits record high | The Express Tribune
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[ad_1] design: mohsin alam KARACHI: Pakistan’s commercial banks have continued to freely lend to the cash-strapped government at elevated rates of return, taking their financing to a record high of 93% of total deposits in January 2024. According to data compiled and shared by Optimus Capital Management (OCM), banks’ credit to the private sector, however,…
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Maximising zakat’s impact on economy | The Express Tribune
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[ad_1] KARACHI: Zakat, an essential pillar of Islam, holds remarkable promise not only as a religious duty but also as a driver of economic growth and societal welfare. It is calculated based on one’s accumulated wealth and assets, aiming to distribute resources among the community, particularly benefiting the less fortunate. However, its impact goes beyond…
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Reforms in Planning Commission | The Express Tribune
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[ad_1] ISLAMABAD: Before delving into and trying to answer some of the questions around the efficacy, need of existence, future reform and evolution of the Planning Commission (PC), it may be pertinent to understand the context and circumstances in which the PC came into being. The PC was officially born in 1953 in the backdrop…
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ICT: need for invigoration rather than a chokehold | The Express Tribune
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[ad_1] KARACHI: Uncertainty about the economy has increased post-elections. The volatility in the KSE-100 index of Pakistan Stock Exchange (PSX) after delay in formation of the new government in the centre and provinces and the slowdown in internet services are likely to further erode business and investor confidence. Although a coalition setup is likely to…
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100-day agenda for new govt | The Express Tribune
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[ad_1] ISLAMABAD: It is natural that citizens and voters build up expectations from a new government to deliver them relief. A newly elected government, which will hopefully take the reins soon in Islamabad, will also be under pressure to make such announcements, which can earn them acceptability. A new government is often expected to announce…
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Gauging caretaker govt’s economic impact | The Express Tribune
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[ad_1] KARACHI: Election fever has receded now as two-family dynasties take control of the new government. What happens to economic policymaking remains to be seen until the announcement of the finance minister, energy/power minister, the International Monetary Fund (IMF)’s new programme and the budget announcement(s). The ever-empowered outgoing caretakers did take good care of the…
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Elon Musk to ‘make things good’ after Tesla cancels last minute $16,000 bakery order
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[ad_1] SpaceX, Twitter and electric car maker Tesla CEO Elon Musk. — AFP/File Elon Musk promised to make amends with the San Jose bakery “The Giving Pies” which shared on its Facebook page that Tesla abruptly cancelled a $16,000 pie order, leaving it thousands of dollars short, the New York Post reported. Taking action Musk…
