Business News
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‘Smooth general election’ to boost confidence in Pakistan’s economy: ADB
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[ad_1] Image of the ADB headquarters in the Philippines. — ADB The Asian Development Bank (ADB) has said that the economic reforms programme and a smooth general election are expected to boost confidence in Pakistan’s economy. The regional financial institution in its report released on Wednesday said Pakistan’s adherence to an economic adjustment programme through…
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Adherence to economic adjustment programme crucial: ABD | The Express Tribune
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[ad_1] The Asian Development Bank (ADB) in its latest report presents a bleak outlook for Pakistan’s economy and cautions that staying the course on an economic adjustment programme till April 2024 would be critical in restoring stability and gradual recovery of growth. The Asian Development Outlook September 2023, published on Wednesday, noted that Pakistan witnessed a…
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$4.5b external financing shortfall may rankle IMF | The Express Tribune
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[ad_1] ISLAMABAD: A nearly $4.5 billion hole has surfaced in Pakistan’s external financing plan and its budget may also overshoot by another Rs1 trillion due to the understatement of debt expenditures, which may become a serious issue during the first review of the International Monetary Fund programme. Both the problems of about a $4.5 billion…
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Americans are done with short 11-day vacation — This is what they demand
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[ad_1] A pair of friends enjoying their vacation. — Twitter @gettyimages Most Americans are unhappy with the teeny-weeny 11-day vacation span offered by their employers and demand month-long paid leaves like Europeans enjoy to become part of their company’s policy across the United States. The results were revealed in a survey conducted by Morning Consult…
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OGDC makes gas discovery in Punjab | The Express Tribune
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[ad_1] ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the sole operator of Mari East Block, has announced a major gas discovery at the Chak 214-1 exploratory well, situated in the Rahim Yar Khan district of Punjab. The Chak 214-1 well, part of OGDCL’s proactive exploration efforts, was drilled on June 29, 2023, utilising the…
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Rupee surges Rs1.04 against US dollar as recovery continues | The Express Tribune
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[ad_1] ISLAMABAD: Pakistani rupee on Tuesday witnessed the 11th consecutive recovery session as it gained Rs1.04 against the US dollar in the interbank trading and closed at Rs 294.90 against the previous day’s closing of Rs 295.94. The recovery of the Pakistani rupee comes on the back of strong support from administrative measures like a…
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FY2023-24: With 22.45% increase, exports reach Rs1.2 trillion mark in first two months
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[ad_1] An image of Gwadar Port, Balochistan. — Gwadar Port Authority website/gwadarport.gov.pk Pakistan’s exports for the first two months of the fiscal year 2023-24 (FY23-24) reached the Rs1.2 trillion mark following an increase of 22.45 per cent compared to last year. The country’s exports between July and August 2023 were recorded at Rs1.27 trillion, a…
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PSX once again wins Best Islamic Stock Exchange Award
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[ad_1] An investor looking at the benchmark KSE-100 in this undated picture. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) on Monday was recognised as the Best Islamic Stock Exchange with an award for a third consecutive year by the Global Islamic Finance Awards (GIFA). According to an official statement, GIFA — an internationally acclaimed…
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France to allow sale of fuel below cost to combat inflation
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[ad_1] Drivers line up as they wait at a Carrefour fuel station in Lattes, near Montpellier, southern France on October 10, 2022. — AFP France’s Finance and Economy Minister Bruno Le Maire announced on Monday that the country would lift a ban on below-cost sales in an effort to lower fuel prices and relieve consumer…
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US wage worries: How much money does American family of 4 need to survive?
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[ad_1] A four-person family in the US. — Twitter @freepik The amount of money needed by a family of four to survive varies in different US states, however, as per recent research a family needs at least $100,000 to get by in some states. According to data from the Bureau of Labour Statistics, a living…
