Business News
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Microsoft surpasses Apple as world’s most valuable firm
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[ad_1] The logo of Microsoft US multinational technology corporation is seen at the Mobile World Congress (MWC), the telecom industry´s biggest annual gathering, in Barcelona on March 2, 2023. — AFP Microsoft’s stock market value on Friday ended a trading session higher than Apple’s for the first time since 2021, making it the world’s most…
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Your dreams are shattered if you want to own house in one of these 57 US areas
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[ad_1] Representational image from Unsplash. Do you dream of owning a home, only to find the prospect slipping away? It’s not just the affluent neighborhoods facing this crisis. A recent study by MoneyGeek reveals that homeownership has become ‘unaffordable’ in 57 counties across the country, hitting the average family hard. As home prices soar, outpacing…
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In a first, Pakistan launches credit guarantee company for SMEs
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[ad_1] Caretaker Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar addresses the inauguration ceremony of National Credit Guarantee Company Limited (NCGCL) on January 12, 2024 in Islamabad. — X/@Financegovpk ISLAMABAD: The Finance Ministry and Karandaaz Friday launched the country’s first special credit guarantee company namely the National Credit Guarantee Company Limited (NCGCL) to…
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Farmers denied urea subsidy benefit | The Express Tribune
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[ad_1] ISLAMABAD: The cabinet has aired serious concerns over alleged fleecing of farmers by fertiliser manufacturers despite getting heavy subsidy on gas supply. According to sources, the cabinet in a recent meeting noted that a high subsidy was being given to fertiliser companies, but its impact was not being passed on to farmers, who were…
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KCCI decries 191% surge in gas tariffs | The Express Tribune
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[ad_1] KARACHI: Karachi Chamber of Commerce and Industry (KCCI), President, Iftikhar Ahmed Sheikh has expressed concerns over the significant surge in industrial gas tariffs under the caretaker setup. Since August 2023, the tariff has risen by 118%, escalating from Rs1,100 per mmBtu to Rs2,400 per mmBtu. Additionally, an extra 40% RLNG cost has been imposed,…
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Oil surges massively amid US, UK strikes on Houthis — What does it mean for petrol prices?
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[ad_1] Yemenis wave flags and chant slogans during a pro-Palestinian march in the Houthi-controlled capital Sana’a on December 8, 2023. — AFPWhile equities increased on Friday due to US inflation data that supported investors’ belief that interest rates could soon drop, the price of oil surged as… [ad_2] Source link
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Economic activity picking-up, external pressures easing: IMF
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[ad_1] The IMF’s logo is seen at its headquarters in this photograph. — AFP/File International Monetary Fund’s (IMF) Deputy Managing Director Antoinette Sayeh Friday observed Pakistan’s economy is showing “tentative signs of activity picking-up and external pressures easing”, as the Executive Board approved the release of the second tranche under the Stand-By Arrangement (SBA). The IMF…
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IMF board approves much-needed $700m loan for Pakistan
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[ad_1] IMF’s logo on a building’s door. — AFP/File In an encouraging move, the International Monetary Fund’s (IMF) Executive Board on Thursday approved a $700 million loan tranche for Pakistan. The loan was released after the board completed its first review of Pakistan’s economic reform programme supported by a standby arrangement (SBA), the Ministry of…
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Govt set to pay $27.5b debt by Nov | The Express Tribune
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[ad_1] KARACHI: The central bank has reported that Pakistan has to pay $27.47 billion in foreign debt and interest cost over one year till the end of November 2024 and arrangements have already been made to pay a large proportion of the debt under the IMF loan programme. Talking to The Express Tribune, Optimus Capital…
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$3b export orders expected at Heimtextil fair | The Express Tribune
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[ad_1] FRANKFURT: The ongoing Heimtextil 2024 exhibition has placed Pakistani home textile products at the forefront of global interest as international buyers look keen to buy these goods. Pakistani consulate in Frankfurt has expressed satisfaction with the enthusiastic response, anticipating significant export orders for Pakistan. Consul General of Pakistan Zahid Hussain, while highlighting the pivotal…
