Business News
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China agrees to reschedule $2 billion debt | The Express Tribune
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[ad_1] ISLAMABAD: China has agreed to reschedule over $2 billion publicly guaranteed debt of Pakistan for a period of two years, providing a major relief to the government that is in the process of rebuilding foreign exchange reserves through fresh…
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SBP reserves shoot past $8 billion mark after nine months
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[ad_1] A currency exchange dealer counts $100 bills in this undated picture. — AFP/File The State Bank of Pakistan (SBP) held reserves shot past the $8 billion mark on Thursday after a gap of nine months as Pakistan received inflows…
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Petrol pumps to observe ‘nationwide strike on July 22’
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[ad_1] A large number of motorcyclists standing in long queues to get fuel in Rawalpindi. Photo: APP/File The Pakistan Petroleum Dealers Association (PPDA) announced on Thursday nationwide strike on July 22 to seek hike in profit margins shrank by skyrocketing…
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Gold loses shine in Pakistan as demand decreases in Muharram
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[ad_1] An undated representational image of a gold ornament. — AFP/File KARACHI: The price of gold in Pakistan took a steep decline after gaining for three consecutive sessions amid a lesser demand with the start of the month of Muharram. The…
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K-Electric’s distribution licence renewed for six months
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[ad_1] A view of the K-Electric power station. — Facebook/@Practical Schooling System ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) provisionally granted a six-month extension to K-Electric’s (KE) distribution licence which is set to expire on Thursday (today). In a statement…
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Rupee-dollar parity projected to remain volatile | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund’s latest assumptions suggest that the average exchange rate could be around Rs305 to a dollar at the end of the current fiscal year, which is higher than the rate quoted by the government to…
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Rs16.8b PM’s Laptop Scheme okayed | The Express Tribune
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[ad_1] ISLAMABAD: The government on Wednesday approved Rs822 billion worth of mega projects, including the Prime Minister’s Laptop Scheme and a new motorway in Punjab. Federal Minister of Finance Ishaq Dar chaired a meeting of the Executive Committee of the…
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Gold rate rises to Rs226,400 per tola in Pakistan
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[ad_1] A representational image of gold jewellery. — AFP/File Gold prices in Pakistan continued upward trend on Wednesday as per tola price increased by Rs5,400 amid slight increase in international rates. According to data issued by All-Pakistan Sarafa Gems and…
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CDWP okays 10 projects worth Rs1.07tr | The Express Tribune
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[ad_1] ISLAMABAD: Minister for Planning Ahsan Iqbal on Tuesday chaired a meeting of the Central Development Working Party (CDWP) that approved 10 development projects worth Rs1,073.41 billion. Of these projects, three worth Rs9.41 billion had been approved by the CDWP,…
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IMF spells out stringent conditions for $3b breather | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has slapped a stringent condition on Pakistan to stop its intervention in the exchange rate market and also said that the risks to the new $3 billion programme implementation were “exceptionally high”. The…
