Business News
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World Bank sees oil prices hitting $157 if Israel-Hamas war spills over
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[ad_1] A Palestinian man uses a fire extinguisher to douse a fire following an Israeli strike, in Khan Yunis in the southern Gaza Strip on October 14, 2023. — AFP If the war between Israel and Hamas spreads throughout the…
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Denmark’s help sought for boosting renewable energy | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has sought support of Denmark for boosting the share of renewable energy to 40% in the next two years under the National Electricity Plan 2023. In a meeting between Interim Minister of Energy Muhammad Ali and Danish…
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SBP maintains status quo in interest rate at 22%
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[ad_1] The facade of the State Bank of Pakistan’s building in Karachi. — AFP/File In line with the market expectations, the State Bank of Pakistan (SBP) Monday decided to hold the key policy rate at 22%. In a statement, the…
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SBP keeps key policy rate unchanged at 22pc | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank has left its benchmark policy rate unchanged at a record high of 22% for the third time in a row in the past four months, saying the rate remains appropriate…
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Education insurance: paving the way for a brighter future | The Express Tribune
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[ad_1] KARACHI: In today’s fast-paced world, insurance has evolved into much more than just a safety net against health or life uncertainties. It has become a tool that empowers individuals to achieve various milestones in life, and one such critical…
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Can PIA gear up for privatisation in its dire straits? | The Express Tribune
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[ad_1] ISLAMABAD: In 1998, Air Lanka, the government-owned airline of Sri Lanka, was partially divested to Emirates with full management control, initiating a ten-year strategic partnership. A decade later, Emirates chose not to renew its management contract due to government…
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PIA commits to paying Rs1.35b to PSO | The Express Tribune
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[ad_1] Pakistan International Airlines (PIA) has reaffirmed its commitment to Pakistan State Oil (PSO) by pledging to pay Rs1.35 billion for fuel supplies, which has enabled PSO to extend a credit facility of Rs500 million to facilitate PIA’s ongoing operations….
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EU, Japan reach deal on data flows | The Express Tribune
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[ad_1] BRUSSELS: The European Union (EU) and Japan concluded an agreement on Saturday on cross-border data flows, which should drive business and may help shape global rules for data, the European Commission said. The European Commission said the agreement would…
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No third country to influence CPEC | The Express Tribune
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[ad_1] ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) will remain a bilateral arrangement between the two nations, and no third country will have a say in its decision-making bodies, but their investment will be welcomed, according to the draft modalities for…
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PSX posts thin gains ahead of IMF review | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) recorded gains of just 0.4% in the outgoing week as investors awaited the International Monetary Fund (IMF) review and monetary policy announcement next week. Investors’ interest was driven by encouraging corporate results, which triggered…
