Business News
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PSO diversifies business to boost revenue | The Express Tribune
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[ad_1] KARACHI: State-owned Pakistan State Oil (PSO) has diversified its business as it set up fintech, venture capital and renewable energy companies in an effort to continue earning revenue of trillions of rupees. It comes at a time when the…
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Stocks in global markets nosedive as Treasury yield hits 16-year high
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[ad_1] A currency dealer wearing a face mask monitors exchange rates in a trading room at KEB Hana Bank in Seoul. — AFP/File NEW YORK: Global stocks tumbled Tuesday after a closely watched US bond benchmark hit a 16-year high,…
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United Airlines books 110 aircraft from Boeing, Airbus
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[ad_1] A United Airlines plane taxis at Newark International Airport in New Jersey. — AFP/File In a major agreement to buy more than a hundred aeroplanes, United Airlines announced Tuesday that it has booked as many as 110 aircraft from…
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TikTok to halt online sales in Indonesia after social media ban
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[ad_1] A staff of a small shoe manufacturer shows their new products to make an introductory video to be posted on social media in Bogor, West Java. — AFP Indonesia, the country with the largest economy in Southeast Asia, Monday…
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Petroleum sales fall to 44-month low | The Express Tribune
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[ad_1] KARACHI: The demand for petroleum products in Pakistan hit a 44-month low at 1.06 million tons in September 2023, primarily due to a surge in prices in line with global uptrend. Topline Research analyst Myesha Sohail, in a commentary,…
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Minister calls for national seed policy | The Express Tribune
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[ad_1] ISLAMABAD: Caretaker Federal Minister for National Food Security and Research, Dr Kausar Abdullah Malik, on Tuesday, convened a meeting to address Pakistan’s seed system. The gathering, attended by key stakeholders, aimed to evaluate challenges and future prospects. According to…
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‘Pakistan needs careful economic management to get stability’ | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank (WB) on Tuesday suggested Pakistan to undertake the much-needed fiscal reforms including a reduction in tax exemptions and a broadening of the tax base, terming them “critical” for economic stability and sustainable economic growth. “Careful…
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Rupee continues to rally against US dollar, gains Rs1.04 | The Express Tribune
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[ad_1] ISLAMABAD: Pakistani rupee on Tuesday witnessed its 20th consecutive recovery session as it gained Rs1.04 against the US dollar in the interbank trading and closed at Rs285.72 against the previous day’s closing of Rs 286.76. According to the Forex…
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Vodafone, Orange want European Union to make big tech pay
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[ad_1] Logos of European telecommunication giants Vodafone and Orange. — AFP The CEOs of European telecommunications companies, notably Orange and Vodafone, pushed the European Union (EU) to impose fees on tech and streaming corporations for the enormous amounts of bandwidth…
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Cnergyico receives first Russian oil cargo | The Express Tribune
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[ad_1] ISLAMABAD: Cnergyico Pk has received the first cargo of Russian Urals crude at its Single Point Mooring (SPM) facility, which will clear the way for handling larger ships with oil consignments later. Earlier, Pakistan Refinery Limited (PRL) imported 100,000…
