Business News
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PSX crashes as rupee continues to struggle against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market crashed on Thursday while the rupee also maintained its downturn amid rising concerns related to stagflation and a deepening economic crisis. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index dropped by over 1,750 points or…
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Rupee at new low as losing streak continues | The Express Tribune
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[ad_1] KARACHI: As efforts continued to narrow the gap between exchange rates, Pakistani rupee hit a new all-time low at Rs304.45 against the US dollar in the inter-bank market on Wednesday, stoking fears that inflation would remain at elevated levels…
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European stock markets deviate as rally dwindles
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[ad_1] A screeN displays CAC stock points at the headquarters of Pan-European stock exchange. — AFP The stock markets in Europe have diverged following a global stock rally decrease on Wednesday, concerning businesses over unvaried highs and lows in accordance…
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IMF seeks details as Pakistan mulls relief in electricity bills amid protests
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[ad_1] The International Monetary Fund headquarters in Washington, DC, on April 13, 2023. — AFP ISLAMABAD: After the government decided to seek approval from the International Monetary Fund (IMF) about its proposal to provide relief to its furious citizens over…
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Govt faces IMF delay over bill crisis | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Tuesday did not immediately approve Pakistan’s request for recovering August’s electricity bills over a period of six months amid raging protests in many parts of the country that continued for the fifth…
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Despite crackdown, rupee touches new low | The Express Tribune
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[ad_1] KARACHI: Despite government’s claim of having launched a crackdown on foreign currency smugglers, Pakistani currency hit a new historic low at Rs303.05 against the US dollar in the inter-bank market on Tuesday, maintaining its record-breaking downward spree for the…
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Economic committee weighs belt-tightening measures | The Express Tribune
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[ad_1] ISLAMABAD: Amid significant risks to the official budget deficit target due to higher-than-budgeted spending on interest payments, a cabinet body on Tuesday discussed further tightening of the belt by slashing development spending, particularly expenses on provincial schemes. In the…
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Google outs enterprise AI tools day after OpenAI unveils ChatGPT for big businesses
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[ad_1] A video from a Google launch event—Youtube@AIRevolution Google has unveiled a swath of fresh artificial intelligence (AI) technology and partnerships and AI enterprise tools for big businesses just a day after OpenAI announced their ChatGPT enterprise tool. The announcements,…
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Toyota system failure: Halted production in Japan plants to restart tomorrow
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[ad_1] (FILES) This picture was taken on October 31, 2022, shows the logo of Toyota Motor being displayed atop the company´s head office in Tokyo.—AFP Toyota Motor will restart production at its assembly plants in Japan on Wednesday after a…
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Chipotle slapped with over $300,000 fine in child labour law violations
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[ad_1] A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. — AFP/File Chipotle, a fast-casual restaurant, will have to pay over $300,000 after an investigation initiated by the Office of the Attorney General (OAG) revealed violations…
