Business News
-
World Bank sees oil prices hitting $157 if Israel-Hamas war spills over
.
[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 Middle East, it may cause price shocks for basic goods like oil and agricultural products,…
-
Denmark’s help sought for boosting renewable energy | The Express Tribune
.
[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 Ambassador Jacob Linulf at the Power Division on Monday, the updates on the Danish Energy…
-
SBP maintains status quo in interest rate at 22%
.
[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 central bank said: “At its meeting today, the Monetary Policy Committee (MPC) decided to maintain…
-
SBP keeps key policy rate unchanged at 22pc | The Express Tribune
.
[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 to create a balance between inflation reading and economic activities. In its latest monetary policy…
-
Education insurance: paving the way for a brighter future | The Express Tribune
.
[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 goal is education. As the costs of education continue to rise, especially for those who…
-
Can PIA gear up for privatisation in its dire straits? | The Express Tribune
.
[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 interference, selling back its 43.6% stake in Air Lanka to the Sri Lankan government. After…
-
PIA commits to paying Rs1.35b to PSO | The Express Tribune
.
[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. Facing financial constraints and amid PIA’s default on payments, PSO has taken a pragmatic step…
-
EU, Japan reach deal on data flows | The Express Tribune
.
[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 benefit companies across a range of sectors, including financial services, transport, machinery and e-commerce, allowing…
-
No third country to influence CPEC | The Express Tribune
.
[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 third-party participation. Highly placed sources told The Express Tribune that it has been proposed that…
-
PSX posts thin gains ahead of IMF review | The Express Tribune
.
[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 activity in specific stocks while some results did not meet market expectations, leading to selling…
