Business News
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Petrol price drops in Pakistan for next fortnight
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[ad_1] A fuel station attendant filling up a car at a petrol station. — AFP/File ISLAMABAD: In a relief to the inflation-struck masses, the caretaker government dropped the price of petrol by Rs2.04 per litre for the next fortnight. In…
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Pakistan wins initial IMF approval to unlock $700m tranche under SBA
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[ad_1] International Monetary Fund (IMF) building in Washington DC. — AFP/File In a positive development, Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the first review under a Stand-By Arrangement (SBA), subject to approval by…
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Troubled LSM industry records modest growth | The Express Tribune
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[ad_1] ISLAMABAD: The output of big industries marginally increased by less than 1% during the first quarter of this fiscal year, as the industrial sector continuously suffered from high-interest rates and overall unfavourable business conditions. The Pakistan Bureau of Statistics…
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Govt reduces petrol price by Rs2.04, HSD by Rs6.47 per litre | The Express Tribune
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[ad_1] The federal caretaker government has reduced the prices of petroleum products on Wednesday, providing much-needed relief to the people who have borne the brunt of a challenging economic crisis since mid-2022. According to a notification issued by the Finance…
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Pakistan set to receive $700m from IMF after bailout review | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Wednesday announced a staff-level agreement with Pakistan on the completion of the first review of the $3 billion bailout package after Islamabad assured it of refraining from intervening in the currency market…
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IMF chief says deal with Pakistan on review likely this week
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[ad_1] Managing Director of the IMF Kristalina Georgieva attends the annual meetings of the IMF and the World Bank Group (WBG), in Marrakesh on October 12, 2023. — AFP International Monetary Fund (IMF) Managing Director Kristalina Georgieva was hopeful of…
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Why Finland’s economy shrank by 0.9% in third quarter?
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[ad_1] Finnish and Nato flags flutter at the courtyard of the Foreign Ministry in Helsinki, Finland, ahead of accession to Nato on April 4. — AFP Preliminary data released on Tuesday by Statistics Finland indicated that the GDP of the…
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In a first, Iconic 1962 Ferrari fetches record $51.7m at auction
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[ad_1] Iconic 1962 Ferrari. — Sotheby’s An iconic 1962 Ferrari was auctioned for a record $51.7 million (£42 million) in New York, making it the most expensive Ferrari ever sold at an auction, Sky News reported. The jet red 330 LM/250…
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7th edition of ‘The Future Summit’ set to commence in Karachi on Nov 15
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[ad_1] The Future Summit’s seventh edition is to be held in Karachi from November 15 to November 16. — YouTube/@NutshellGroup The seventh edition of “The Future Summit” will take place in Karachi from November 15 to November 16. The seventh…
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Businessmen call for SIFC-CPEC collaboration | The Express Tribune
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[ad_1] In a resounding endorsement, business leaders and market analysts are hailing the recently established Special Investment Facilitation Council (SIFC) as a crucial necessity during these challenging times. “The SIFC is a necessity of the time as it includes all…
