Business News
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World rice price index soars after India’s export ban
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[ad_1] Representational image of rice. — AFP/File The world rice price index of the United Nations food agency experienced a notable 2.8% rise in July, as compared to June, reaching the highest level recorded in almost 12 years. This hike…
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Further rupee fall likely under interim setup | The Express Tribune
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[ad_1] KARACHI: Market speculation suggests that Pakistani currency may face a fresh round of devaluation under the upcoming caretaker government ahead of general elections in late 2023. Outgoing Prime Minister Shehbaz Sharif has already announced the dissolution of National Assembly…
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CCoE poised to okay incentives for 100% diesel production | The Express Tribune
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[ad_1] ISLAMABAD: In a bold move to achieve 100% local diesel production, the Cabinet Committee on Energy (CCoE) is poised to sanction incentives to existing refineries for the establishment of upgradation plants. Prime Minister Shehbaz Sharif is slated to preside…
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‘CPEC is a transformative force for region’ | The Express Tribune
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[ad_1] BEIJING: The Pakistan Ambassador to China, Moinul Haque, extolled the China-Pakistan Economic Corridor (CPEC) as a transformative force for Islamabad and the entire region, fostering peace, prosperity, and growth. Haque highlighted CPEC’s alignment with Pakistan’s development agenda, lauding it…
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Gold prices in Pakistan increase by over Rs1,000 per tola
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[ad_1] Gold bars are seen in this undated file photo. — AFP KARACHI: Despite a depreciation in international prices of gold, rates in Pakistan managed to make minute gains on Friday. The price of gold (24 carats) appreciated by Rs1,300…
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Fuel price hike adds to inflation woes | The Express Tribune
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[ad_1] ISLAMABAD: The country is witnessing a concerning surge in inflation, as indicated by the Sensitive Price Indicator (SPI), which has recorded a 1.30% increase in weekly inflation and a staggering annual surge of 29.83%. This inflationary trend comes shortly…
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How do millionares make money and how can you?
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[ad_1] A currency exchange dealer counts $100 bills. — AFP/File Have you ever wondered how millionaires make their money and why it keeps growing despite soaring inflation and skyrocketing cost of living? Especially now, as most people are beginning to…
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NEPRA’s nod sought for power hike | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has sought the nod of the National Electric Power Regulatory Authority (Nepra) to impose a surcharge of Rs1.52 per unit on the consumers of K-Electric, Karachi’s sole electricity supplier. The government wants to recover Rs24.5…
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Pakistan eyes $5 billion trade with Iran in five years
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[ad_1] Foreign Minister Bilawal Bhutto-Zardari and Iran Foreign Minister Hossein Amir Abdollahian witness the signing of memoranda of understanding between Pakistan and Iran in Islamabad on Thursday. — Twitter/@ForeignOfficePk ISLAMABAD: Pakistan chalked out a five-year trade cooperation plan with Iran on…
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Gold price in Pakistan takes a hit as international rates fall
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[ad_1] The picture shows a person weighing a gold necklace. — AFP/File KARACHI: The rates of gold in Pakistan slipped on Thursday amid a decline in the international prices of the yellow metal while the local currency also appreciated against…
