Business News
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Pro-Palestine: India’s Maryan Apparel quits Israeli police uniform contract over Gaza war crimes
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[ad_1] Israeli soldiers patrol Huwara in the occupied West Bank, on March 20, 2023. — AFP An Indian company has decided to end a long-standing agreement to produce uniforms for the Israeli police, telling AFP on Friday that it had…
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Strong macros toss Pakistan stocks to highest in over 6 years
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[ad_1] A stock broker watches share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks rallied Friday as the bulls pushed the market by over 300 points and it…
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Current account reaches breakeven in September | The Express Tribune
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[ad_1] KARACHI: Pakistan’s current account balance almost reached breakeven with a nominal deficit of $8 million for September 2023, slightly missing market expectations of a surplus. According to State Bank of Pakistan’s (SBP) data, the current account deficit of $8…
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Rupee recovers nearly Rs1.5 in inter-bank | The Express Tribune
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[ad_1] KARACHI: Pakistani currency, while dismissing the negative sentiment, quickly recovered to slightly below Rs279 against the US dollar in inter-bank market on Thursday as the “authorities concerned did not find any unusual demand for the greenback.” According to State…
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Stocks surge past 50,000-point barrier | The Express Tribune
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[ad_1] KARACHI: Bulls were back in driving seat at the Pakistan Stock Exchange (PSX) on Thursday as the market surged over 900 points and comfortably crossed the 50,000 barrier over expectations of a decrease in State Bank’s policy rate in…
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Rupee rebounds to Rs278.81 against US dollar after sharp drop | The Express Tribune
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[ad_1] KARACHI: Despite recent setbacks, the Pakistani rupee exhibited resilience, quickly recovering to a rate slightly below Rs279 against the US dollar in the inter-bank market on Thursday. This positive turn of events can be attributed to the assurance from…
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Israel-Hamas war: Oil prices rise, global stocks fall as humanitarian crisis worsens in Gaza
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[ad_1] A Palestinian youth looks for salvageable items amid the rubble of the Kuhail building, which was destroyed in an early morning Israeli airstrike on Gaza City on Tuesday. — AFP Oil prices rose and global stocks largely fell on…
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ECC members oppose new benchmark loan rate | The Express Tribune
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[ad_1] ISLAMABAD: Amid opposition from Chinese sponsors to Pakistan’s plans to adopt a new benchmark rate for IPP loans, the economic managers have raised serious objections to the proposal submitted by the Power Division for revising the borrowing rate. The…
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Cotton production slows as white fly attacks crop | The Express Tribune
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[ad_1] KARACHI: Pakistan has reported a jump of 62% in cotton production to 5.99 million bales in the first three and a half months of the current season, reducing reliance on imports significantly. The production of the commodity, however, slowed…
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Oil surges 2% amid US storage draw | The Express Tribune
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[ad_1] NEW YORK: Oil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected US storage draw and as rising tensions in the Middle East threaten to disrupt oil supplies from the region, with Iran calling for…
