Business News
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Inflationary spiral feared in UK as job vacancies surge for 5th straight month
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[ad_1] UK employers are having a hard time hiring the required staff. — AFP/File A rise in inflation is being feared in the United Kingdom as job vacancies in the country surged for five months consecutively, signaling wage growth and…
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A precarious economic crisis and IMF’s reforms | The Express Tribune
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[ad_1] KARACHI: Pakistan is facing a severe economic crisis that has been exacerbated by the global energy crisis, the COVID-19 pandemic, and rising inflation. According to the finance division report, the country’s current account deficit, which measures the gap between…
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Dar assures PIA of maximum support | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Saturday assured the Pakistan International Airlines (PIA) of maximum support for the improvement of its services, aiming to transform it into a profit-oriented entity for the country. PIA Chief Executive Officer (CEO) Air…
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‘Economy needs political stability’ | The Express Tribune
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[ad_1] ISLAMABAD: Senator Irfanul Haque Siddique has said that economic stability was among the challenges faced by Pakistan which required political steadiness and continuation of economic policies. During a discussion with leaders of Pakistani community at Pakistan Embassy, Washington DC,…
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ECB to monitor banks’ liquidity data to avert financial crisis risks
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[ad_1] European Central Bank (ECB) supervisory chief Andrea Enria. — Twitter/@ecb BERLIN: In a bid to ward off any risks of a financial crisis in the future, the European Central Bank (ECB) has decided to ask the banks to provide liquidity data, AFP reported. …
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War-torn Afghanistan exports first ever soft drink consignment to US
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[ad_1] Taliban spokesperson shared the pictures of the consignment on the micro-blogging site. — Twitter/@Zabehulah_M33 In a first, war-torn Afghanistan led by Taliban have sent a consignment of locally produced soft drinks to United States, interim regime spokesperson Zabihulllah Mujahid…
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Govt shocks nation with massive power tariff hike
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[ad_1] A technician fixes new electricity meters at a residential building in Karachi, Pakistan, in this undated photo. — AFP/File ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Saturday received the federal government’s nod for a massive hike of…
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Gold shines in Pakistan despite decrease in international rates
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[ad_1] A re[resentational image of gold jewellery. — AFP/File KARACHI: Despite a decrease in international gold rates, the prices in the local market saw a minor increase as they gained over Rs1,500 per tola on Friday. The price of gold…
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India’s forex reserves top $600bn, rise to near 15-month high | The Express Tribune
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[ad_1] MUMBAI: India’s foreign exchange reserves rose for a third straight week and stood at $609.02 billion as of July 14, the highest in nearly 15 months, the Reserve Bank of India’s (RBI) data showed on Friday. The reserves rose…
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Rs15 radio fee may be added to electricity bills | The Express Tribune
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[ad_1] ISLAMABAD: Amidst the ever-increasing inflation and soaring power and gas rates, the government has decided to impose an additional burden on the masses by levying an extra Rs15 as a radio fee on their monthly electricity bills. The revelation…
