Business News
-
Pakistan inks $1.2 billion loan agreement with ADB
.
[ad_1] An image of the headquarters of the Asian Development Bank (ADB). — ADB website/File The Asian Development Bank (ADB) Wednesday confirmed that it has inked a $1.2 billion loan agreement with Pakistan. The agreement, signed on December 15, provisions…
-
Auto financing slows down over high costs | The Express Tribune
.
[ad_1] KARACHI: Auto financing continued to decline for the 17th consecutive month in November, falling 2.6% to Rs257 billion amid exorbitant cost of financing and significant increase in car prices over the past one and a half year. Auto financing…
-
Pakistan, ADB ink $1.2b loan deals | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have signed six loan agreements worth $1.2 billion, with one-third of it to be disbursed as budget financing, reopening choked financing pipelines after reaching a deal with the International Monetary Fund…
-
Will 2024 be miracle year for China’s economy?
.
[ad_1] An urban building block in China. — AFP/File After a lacklustre post-COVID recovery, Beijing is faced with a difficult decision for 2024 and beyond: increase debt or decrease growth. This has cast serious doubt on the basis of China’s…
-
Bloodbath at PSX: Stocks nosedive by over 2,500 points as bourse enters ‘correction’ phase
.
[ad_1] An investor at the Pakistan Stock Exchange in Karachi in this undated picture. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) took a hammering on Tuesday as the benchmark index fell over 2,000 points as the bourse entered the “correction”…
-
PSX nosedives by over 2,000 points | The Express Tribune
.
[ad_1] KARACHI: The Pakistan stock market plunged by over 3.4% or over 2,200 points, slipping below 63,000 points during the late trading hours on Tuesday, as the drive for profit-taking turned into panic selling on uncertainty related to the forthcoming general…
-
‘US investment terms beneficial’ | The Express Tribune
.
[ad_1] KARACHI: A high official of the United States has emphasised that the US and Pakistan have a “very strong” relationship and they have entered a new chapter of cooperation and development. In an interview with The Express Tribune, US…
-
$6.4b in loans received in 5 months | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan secured $6.4 billion in foreign loans during the first five months of the current fiscal year, which was equal to one-fourth of the revised annual requirement, amid hopes for a surge in disbursement in the coming weeks…
-
Japan’s Nippon Steel to purchase US Steel Corp for $14.1 billion
.
[ad_1] United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023. — X/@thomasoneil Nippon Steel of Japan has agreed to purchase US Steel Corp for $14.1 billion, following the steelmaker’s…
-
Pakistan records $9m current account surplus in Nov | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s balance of current account recorded a surplus of $9 million in November 2023 after remaining in deficit in the first four months (July-October) of the current fiscal year 2023-24, suggesting that the country’s capacity to make international…
