Business News
-
Govt to focus more on HR | The Express Tribune
.
[ad_1] ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has expressed the interim government’s resolve to focus more on rationalising expenditures, generating revenue and developing human resources during its short constitutional tenure. Talking to a delegation of students from Harvard University, the US, the PM said that only about 9% of the population in Pakistan was…
-
Tariff hike sends industrial production cost soaring | The Express Tribune
.
[ad_1] KARACHI: The exorbitant power tariff has increased the cost of industrial production by 25-30% in one go, causing anger among business community and triggering a new wave of inflation in the country. Talking to The Express Tribune, businessmen called the tariff hike counterproductive, which would render the industry, particularly the export industry, uncompetitive, dent…
-
Stocks under pressure over rupee slide | The Express Tribune
.
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) landed in a bearish territory as investor pessimism enveloped the market over the latest round of rupee depreciation and a number of other discouraging developments, putting the benchmark KSE-100 index under constant pressure. The trading week commenced on a negative note when it slumped over 700 points following President…
-
PSX sheds some value in range-bound trading | The Express Tribune
.
[ad_1] KARACHI: A range-bound session was observed at the Pakistan Stock Exchange (PSX) on Friday as the falling Pakistani rupee and a bleak economic outlook weighed heavily on investors’ sentiment. Despite the start of trading on a positive note, when the KSE-100 index reached an intra-day high of 47,853.55 points, in line with previous day’s…
-
Body for economic revival formed | The Express Tribune
.
[ad_1] ISLAMABAD: Interim Prime Minister Anwaarul Haq Kakar has approved the constitution of a cabinet committee for economic revival, giving it the mandate to suggest measures for long-term economic growth and offer stimulus packages to the private sector. The PM gave the go-ahead for notifying an 11-member committee for finding solutions to Pakistan’s economic ills…
-
Prominent services firms to take part in Beijing fair | The Express Tribune
.
[ad_1] BEIJING: Pakistan’s prominent service-oriented companies will participate in the 2023 China International Fair for Trade in Services (CIFTIS), scheduled to take place in Beijing from September 2 to 6, to showcase their accomplishments. “For the first time, Pakistan’s embassy in Beijing have invited the National Logistics Cell (NLC), Pakistan International Airlines (PIA) and National…
-
Fed’s Jerome Powell favours further monetary policy tightening to tame US inflation
.
[ad_1] US Federal Reserve Chair Jerome Powell speaks during a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022.— AFP/File In a worrying development, the US Federal Reserve is ready to increase interest rates — and maintain them there — to ease…
-
Bruised rupee further weakens against US dollar
.
[ad_1] A person counting 5,000 rupee notes. — AFP/File KARACHI: The Pakistani rupee continued to become weaker on Friday as it ended the week by closing at a record low of 301 against the US dollar in the interbank market. The local currency is at an all-time low following an easing in import restrictions that…
-
Commemorative coin launched to mark 75th anniversary of Pak-US relations
.
[ad_1] US Ambassador Donald Blome launches commemorative coin marking the 75th anniversary of Pak-US diplomatic relations. — State Bank of Pakistan Donald Blome, the United States Ambassador to Pakistan, has launched the commemorative coin marking the 75th anniversary of Pak-US diplomatic relations in a ceremony organised by the State Bank of Pakistan (SBP). Taking to…
-
PM sets up panel for law review | The Express Tribune
.
[ad_1] ISLAMABAD: In a significant move, interim Prime Minister Anwaarul Haq Kakar has established a cabinet committee tasked with crafting laws and suggesting revisions to current legislation. This committee will also determine the alignment of any law with the jurisdiction of the parliament. The Cabinet Division on Thursday notified the constitution of the Cabinet Committee…
