Business News
-
Startup funding plummets by 95% | The Express Tribune
.
[ad_1] KARACHI: The startup ecosystem in Pakistan has experienced a drastic decline in funding during the second quarter of 2023, marking its worst performance since Q1FY2020. Data Darbar reports that funding plummeted to a mere $5.2 million, reflecting a staggering 95% decrease compared to the previous year and a 77.5% decrease compared to the previous…
-
Best opportunities for remote jobs
.
[ad_1] People seeking remote jobs have increased to the point that more people apply for remote jobs than on-site jobs. [ad_2] Source link
-
ECAP sees dollar dropping to Rs250 soon | The Express Tribune
.
[ad_1] KARACHI: The Exchange Companies Association of Pakistan (ECAP) anticipates a gradual decline in the US dollar’s value to first Rs270 and subsequently to Rs250 following the disbursement of funds from the International Monetary Fund (IMF). The comments from ECAP Chairman Malik Bostan come as the Pakistani rupee sustained losses against the greenback on Monday,…
-
Fitch upgrades Pakistan’s rating to ‘CCC’ after IMF deal | The Express Tribune
.
[ad_1] . Pakistan’s long-term foreign currency issuer default rating (IDR) received a boost as global rating agency Fitch upgraded it from ‘CCC-‘ to ‘CCC’ on Monday. The upgrade was attributed to enhanced external liquidity and improved funding conditions, which were a result of the recent staff-level agreement between Pakistan and the International Monetary Fund (IMF)…
-
Is the IMF actually interfering in Pakistan’s politics? | The Express Tribune
.
[ad_1] ISLAMABAD: The recent meetings of the International Monetary Fund (IMF) officials with leaders of major political parties have sparked a debate with some people viewing them as the lender’s interference in the country’s internal affairs and an attempt to manipulate its politics. Recently, an IMF team made direct contact with major political parties, including…
-
Taliban-led Afghanistan starts oil extraction in Qashqari
.
[ad_1] Acting Mines and Petroleum Minister Sheikh Shahabuddin Delawar during the inauguration ceremony of the wells. — Tolo News For the first time ever, the Taliban-led Afghanistan on Sunday started extracting oil from the wells of the Qashqari oilfield, according to Anadolu. A statement issued by the Mines and Petroleum Ministry said about 200 tonnes of oil…
-
Polls will be held on time, assures IMF | The Express Tribune
.
[ad_1] LAHORE: A delegation of the International Monetary Fund (IMF) has assured former prime minister and PTI Chairman Imran Khan that general elections in Pakistan will be held on time. On Friday, officials of the global money lender held a meeting with the PTI chief at his Lahore’s Zaman Park residence with Mission Chief Nathan…
-
Govt staff PF profit rate upped | The Express Tribune
.
[ad_1] ISLAMABAD: The federal government has approved an increase in the rate of profit of the provident fund of its employees. According to the finance ministry, the profit rate of the provident fund has now been increased to 14.22% for the current fiscal year. It pointed out that the profit rate in the financial year…
-
World food price index hits two-year low in June
.
[ad_1] A vendor is displaying vegetable attractions for customers for selling purposes at his workplace in Islamabad. — Online/AFP For the first time in more than two years, the world food price index fell in June to its lowest level, pushed down by a drop in the cost of sugar, vegetable oils, cereals and dairy…
-
‘PTI relevance beyond doubt,’ says Raoof Hasan after IMF meeting
.
[ad_1] IMF headquarters in Washington, USA. — AFP/File Pakistan Tehreek-e-Insaf (PTI) information secretary Raoof Hasan declared Saturday that the International Monetary Fund’s (IMF) delegation’s meeting with PTI Chairman Imran Khan established “beyond proof” the party’s relevance in the country. “The meeting of the IMF delegation [with Khan] proves the political relevance of PTI […] beyond…
