Business News
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Rupee falls for second straight session
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[ad_1] A money trader counts US dollars for a customer at a currency exchange office in Karachi on July 19, 2022. — Online The Pakistani rupee fell sharply against the dollar on Wednesday due to import pressure, analysts said. The…
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Plan for G2G oil deal with Russia shelved | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to shelve plans for a long-term oil import deal with Russia under a government-to-government (G2G) arrangement and has allowed refineries to strike direct commercial agreements with companies of the European nation. Earlier, Pakistan and…
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Rupee falls first time in four weeks | The Express Tribune
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[ad_1] KARACHI: After recovering 11% in the past 28 consecutive working days, Pakistani currency on Tuesday depreciated 0.07% and closed at Rs277.03 to a dollar in inter-bank market on the back of uptick in demand for the greenback. Market talk…
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Turkiye eyes $5b trade in next two years | The Express Tribune
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[ad_1] KARACHI: Ambassador of Turkiye to Pakistan Dr Mehmet Pacaci has said that Pakistan and Turkiye can easily push bilateral trade to $5 billion in the next one to two years. However, in the long term, the bilateral trade could…
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After gains in 28 consecutive sessions, rupee depreciates
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[ad_1] A vendor at an exchange company counts dollars in this undated photograph. — AFP/File Following 28 days of straight gains against the US dollar, the Pakistani rupee Tuesday fell due to a correction, analysts said. The local currency fell…
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Development spending halts | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s federal development spending has come to a grinding halt as a mere Rs57 billion, or equal to 6% of annual budget, was spent during the first quarter of this fiscal year, which delayed the execution of some…
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Pace of rupee rise slows down | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its uptrend in inter-bank market for the 28th successive working day on Monday but it gained less than Rs1 against the US dollar for third day in a row, indicating the currency is gradually entering…
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Roosevelt Hotel may be declared cultural heritage | The Express Tribune
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[ad_1] ISLAMABAD: As efforts are accelerated to sell Roosevelt Hotel, Pakistan has expressed hope that New York authorities will declare the hotel as a cultural heritage after completion of 100 years since its construction. The matter was highlighted in a…
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Oil dips on report of US-Venezuela deal | The Express Tribune
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[ad_1] HOUSTON: Oil futures fell on Monday on a report the US and Venezuela could soon reach a deal to ease sanctions on Venezuela if a presidential election date is set, while traders see the Israel-Hamas conflict not affecting crude…
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KE says Karachi to face additional loadshedding due to technical fault
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[ad_1] A KE technician fixes a metre at a residential building. — AFP/File Karachi’s electricity supplier, K-Electric, on Monday announced that a few areas of the port city will be undergoing loadshedding for an hour because of a “temporary fault” in…
