Business News
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Experts warn of impending food crisis | The Express Tribune
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[ad_1] KARACHI: Food and agricultural experts have stressed that failing to take appropriate initiatives could severely impact the future generations of the country due to rising food shortages and malnutrition resulting from various factors. They highlighted that Pakistan is facing numerous challenges regarding food insecurity and malnutrition, which stem from issues such as poverty, limited…
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Power generation drops 2.4% in Jan amid rising fuel costs | The Express Tribune
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[ad_1] KARACHI: Pakistan’s power generation dropped by 2.4% to 8,314 Gigawatt hours (GWh) in January 2024 due to low demand in the system during the winter month. However, the cost of the fuel component in the overall production surprisingly surged by 23% to Rs13.79 per unit due to increased reliance on expensive fuels like imported…
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Pakistan faces default risks sans IMF deal: Fitch
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[ad_1] Board outside International Monetary Fund (IMF). —AFP Amid prevailing political uncertainty following the February 8 general elections marred by rigging allegations, Fitch Ratings has highlighted the default risks that Pakistan faces if it fails to secure the next bailout package by the International Monetary Fund (IMF). The global rating agency said on Monday that…
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Work on IP pipeline to begin in Pakistan | The Express Tribune
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[ad_1] design: Ibrahim Yahya ISLAMABAD: Islamabad has engaged Tehran by committing to complete the first phase of the 80-kilometer Iran-Pakistan (IP) gas pipeline project within Pakistan’s territory to avoid a looming $18 billion penalty. According to reports, Iran has granted an extension in the deadline of the IP gas pipeline project by 180 days until…
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Industries at risk as energy costs surge | The Express Tribune
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[ad_1] KARACHI: Rising gas and electricity tariffs threaten to shutter industries, drive up unemployment, and worsen inflation, lamented distressed industrialists. Speaking to The Express Tribune, President of the Federal B Area Association of Trade and Industry (FBATI), Syed Raza Hussain highlighted the impact of the gas tariff increase on small and medium-sized entrepreneurs already grappling…
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PML-N choices for finance minister limited | The Express Tribune
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[ad_1] PML-N supreme leader Nawaz Sharif addressing his supporters outside his Model Town residence in Lahore on Friday, February 9, 2024. SCREENGRAB ISLAMABAD: The Pakistan Muslim League-N has not yet finalised its choice for a new finance minister, as it faces a hard decision between appointing the highly experienced Ishaq Dar as the finance minister…
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IT exports dip 12.4% to $265m | The Express Tribune
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[ad_1] LAHORE: The latest data from the State Bank of Pakistan has revealed a 12.54% decline in Telecommunications, Computer, and Information Technology exports for January 2024 compared to the previous month. The figures, released on Monday, indicate a decrease from $303 million in December 2023 to $265 million in January 2024. However, on a year-on-year…
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CAD at 6-month high as outflows rise | The Express Tribune
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[ad_1] Country-wise major outflow was witnessed from China ($225 million) and sector-wise major outflow witnessed in the power sector ($243 million) in January 2024. Photo: afp KARACHI: Pakistan’s balance of the current account failed to stay in surplus for the second successive month, hitting a six-month high deficit of $269 million in the wake of…
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How to ace the Instagram business game?
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[ad_1] A representational image of an Instagram analytics page. — Unsplash Some of the most successful brands today use Instagram for business. They have a strong Instagram marketing approach to interact with current clients and reach new ones. They often produce interesting content, manage advertising campaigns, and occasionally collaborate with influencers, blog.hootsuite.com reported. According to…
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Fitch warns uncertain political situation threat to IMF deal | The Express Tribune
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[ad_1] The closely contested outcome of Pakistan’s recent election and the ensuing political ambiguity may pose challenges to the nation’s efforts to secure a financing agreement with the International Monetary Fund (IMF), replacing the expiring Stand-By Arrangement (SBA) in March 2024, according to Fitch Ratings. Fitch warned on Monday that the uncertain political landscape in…
