Business News
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IT exports rise on fair policies | The Express Tribune
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[ad_1] LAHORE: Pakistan’s information technology exports rose 17% and reached $303 million in December 2023 against exports of $259 million in November, as the country’s IT experts and freelancers continued to make inroads into international markets. This is in line with increased focus of the government and growing calls from analysts to capitalise on the…
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China’s population shrinks for second consecutive year amid struggling economy — but why?
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[ad_1] People walk along a pedestrian street during a Labor Day holiday in Shanghai on May 1. — AFP/File In 2023, China’s population shrank for the second consecutive year, and the country reported a record-low birth rate resulting in a pattern that signalled the intensification of a demographic dilemma that is expected to have a…
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IMF releases $700m loan tranche for Pakistan
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[ad_1] The seal for the International Monetary Fund is seen in Washington, US, on January 10, 2022. — AFP In a significant development for Pakistan’s struggling economy, the International Monetary Fund (IMF) has disbursed $700 million as part of the previously agreed upon bailout programme, State Bank of Pakistan (SBP) Governor Jameel Ahmed confirmed Wednesday.…
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Apple tops Samsung as world’s biggest smartphone company
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[ad_1] Front views of Apple and Samsung offices. — AFP/File Apple has surpassed Samsung to take the lead in the global smartphone market for the first time in a 12-year period by making a record of selling more smartphones. The International Data Corporation (IDC) reports that last year, the phone behemoth based in America accounted…
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Pakistan receives $700m tranche from IMF | The Express Tribune
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[ad_1] Pakistan on Thursday received $700 million from the International Monetary Fund (IMF) as part of its bailout programme, the State Bank of Pakistan (SBP) confirmed in a statement. According to SBP, it received Special Drawing Rights (SDR) 528 million —equivalent to $705.6 million in value —from the IMF following the successful completion of the…
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China faces worst economic slump since 1990 amid stalled recovery
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[ad_1] A view of a street in China. — AFP/File China’s economy, as per official figures released on Wednesday, experienced one of the lowest growth rates in over three decades last year, with the country’s challenging economic condition attributed to a grave property crisis, slow consumption and global crisis. The figures align with expectations and…
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Delicious mystery around $2b peanut butter industry craze in America
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[ad_1] Representational image of peanut butter from Unsplash. Ever wondered why Americans can’t get enough of peanut butter? The creamy or crunchy debate only scratches the surface of a delicious mystery fueling a $2 billion industry in the United States. Let’s dig into the spreadable sensation that has become a favourite snack across the nation.…
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Govt aims to revitalise agri-sector | The Express Tribune
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[ad_1] ISLAMABAD: The government has outlined a series of initiatives to breathe new life into Pakistan’s agriculture sector. These include the formulation of a national seed policy and the introduction of the Agriculture Development Authority Act to facilitate corporate farming in Pakistan. Sources informed The Express Tribune that the Ministry of Food has developed several…
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NAB to drop unnecessary cases | The Express Tribune
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[ad_1] KARACHI: To alleviate concerns of businessmen, National Accountability Bureau (NAB) Chairman Lt Gen (Retd) Nazir Ahmed has assured that he will review and reassess the pending cases in NAB about the business community and all those cases which are not genuine, valid and unnecessary will be dropped quickly within the next two months. He…
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AMA propels financial inclusion in Pakistan | The Express Tribune
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[ad_1] In a transformative stride toward financial inclusion, the Asaan Mobile Account (AMA) platform has emerged as a beacon for underserved communities in Pakistan, providing unprecedented access to branchless financial services. According to recent data, a mere 30% of Pakistan’s adult population currently enjoys access to financial services, with a glaring gender gap as only…
