Business News
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IMF assured of $8b external payments | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has provided the International Monetary Fund (IMF) with a financing plan for external payments, in which Islamabad has informed the global lender that it will arrange $8 billion for the purpose instead of $6 billion. According to…
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AIIB internal review throws out CCP’s control allegations
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[ad_1] A man walks past the logo of the Asian Infrastructure Investment Bank (AIIB) at the headquarters in Beijing on June 15, 2023. — AFP An internal review of the Asian Infrastructure Investment Bank (AIIB) dismissed the claims of a…
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IMF team meets Imran Khan to ‘seek assurance on bailout package’
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[ad_1] International Monetary Fund (IMF) building in Washington DC. — AFP/File In a bid to seek assurance and support for the key objectives and policies under the recently announced $3 billion bailout programme, a delegation of the International Monetary Fund…
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World food prices fall to lowest in 2 years | The Express Tribune
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[ad_1] ROME: The United Nations food agency’s world price index fell in June to its lowest level in more than two years, pushed down by a drop in the cost of sugar, vegetable oils, cereals and dairy products. The Food…
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Fertiliser sector shifts impact of duties, taxes | The Express Tribune
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[ad_1] KARACHI: The fertiliser sector has shifted the weight of duties and taxes onto consumers by raising prices of urea and di-ammonium phosphate (DAP). In the Finance Bill 2023, the fertiliser sector has faced the imposition of taxes and duties,…
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Bailout package: IMF team to meet Imran Khan today, says Hammad Azhar
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[ad_1] The headquarters of the International Monetary Fund (IMF) in Washington. — AFP/File Former federal minister for economic affairs Hammad Azhar announced Friday that a team from the International Monetary Fund (IMF) was set to meet with Pakistan Tehreek-e-Insaf (PTI)…
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Gold price in Pakistan gains Rs1,800 per tola
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[ad_1] The picture shows a piece of gold in a hand. — AFP/File KARACHI: For the second day, the prices of gold made minor gains despite the depreciation in the internal market on Thursday. The gold price (24 carats) increased…
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Foreign exchange reserves rise to $4.4b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) saw a significant surge of 9.6% on a week-on-week basis, as reported by data released by the SBP on Thursday. As of June 30, the SBP’s…
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Two new blocks awarded for oil, gas search | The Express Tribune
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[ad_1] KARACHI: The government has provisionally awarded two new blocks to a leading state-owned oil and gas exploration firm in an effort to find fresh large hydrocarbon deposits and reduce reliance on energy imports. Oil and Gas Development Company Limited…
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722 companies make ‘obsecene’ windfall profits of $1tn
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[ad_1] The Ishpingo oil platform of state-owned Petroecuador in Yasuni National Park in Ecuador on June 21, 2023. — AFP Seven hundred and twenty-two of the biggest companies are making windfall profits of more than $1 trillion a year…
