Business News
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Fitch maintains Pakistan’s rating at ‘CCC’, sees political volatility
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[ad_1] The headquarters of Fitch Ratings Ltd. stands in the Canary Wharf business and shopping district in London, UK. — AFP Fitch Ratings Wednesday affirmed Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’, but also warned of political volatility…
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Fitch affirms Pakistan’s rating at ‘CCC’ with stable outlook | The Express Tribune
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[ad_1] In its recent assessment, US-based credit rating agency Fitch Ratings has chosen to affirm Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’. Despite some improvements and a successful review of its Stand-by Arrangement (SBA) with the International Monetary…
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Amazon continues to sell clothes hook spy cameras after US lawsuit: report
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[ad_1] The regular-looking plastic ‘spy’ hook is campaigned as a perfect fit for the living room in a house that can record video for 90 minutes and the battery lasts up to 2 hours. — Amazon Amazon is selling spy…
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FBR resists restructuring efforts | The Express Tribune
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[ad_1] ISLAMABAD: The interim government’s attempt to restructure the tax machinery again has encountered a stumbling block after the Federal Board of Revenue (FBR) took a position that tax policy formulation cannot be transferred to any other department without new…
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Major brand to end Israel’s national football team’s sponsorship
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[ad_1] An Israeli national football team’s t-shirt with Puma’s logo on it. — Puma Puma will end its sponsorship of Israel’s national football team in 2024, a change that is unrelated to pro-Palestine consumer boycott efforts as per the company’s…
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Saudi Arabia’s oil giant Aramco to invest in Pakistani company
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[ad_1] A view of the Saudi Aramco oil facility. — AFP/File ISLAMABAD: In a major development, Saudi Arabia’s oil giant Aramco on Tuesday signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd (GO), making…
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Hasbro lays off 1,100 workers amid difficult business climate
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[ad_1] An image of Hasbro’s prominent toy collection. — Hasbro Hasbro, the world’s largest toymaker, is laying off 1,100 workers, after 800 layoffs were announced earlier this year, citing a difficult business climate that has been sluggish to recover, as…
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SBP holds policy rate at 22%
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[ad_1] The State Bank of Pakistan. — Wikimedia Commons/File The State Bank of Pakistan, in line with wide market consensus, maintained the key policy rate at 22%, opting for a wait-and-see approach as it assesses the effectiveness of earlier monetary…
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Saudi Aramco to buy 40% stake in major Pakistani oil company | The Express Tribune
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[ad_1] KARACHI: Saudi Arabia’s Aramco Tuesday signed an agreement to acquire a 40% equity stake in a Pakistani gas and oil company, said a statement from the Saudi company. Aramco Executive Vice President of Products & Customers Yasser Mufti, Chief…
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SBP holds key rate at 22% for fourth straight meeting | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank on Tuesday left its key policy rate unchanged at a record high of 22% ahead of the International Monetary Fund (IMF) board’s potential approval for the release of the next…
