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 tightness in the labour market, Bloomberg reported. The data given in Adzuna, an employment website,…
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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 its foreign earnings and spending, has widened to 6.4% of GDP in the first quarter…
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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 Vice Marshal Muhammad Amir Hayat called on the finance minister and discussed matters related to…
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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, the PML-N stalwart and senator maintained that unreliability and disruption in the policies could prove…
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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. Andrea Enria, who is the ECB supervisory chief, said: “We decided to send banks, starting in…
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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 said on his official Twitter. He shared the pictures of the consignment on the micro-blogging…
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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 up to Rs7.50 per unit in the base tariff of electricity against the national average…
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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 (24 carats) lost Rs1,800 per tola and Rs1,542 per 10 grams to settle at Rs222,900…
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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 by $12.74 billion from the week earlier, the biggest gain in four months. Reserves had…
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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 came to light during a meeting of the Senate Standing Committee on Finance and Revenue,…
