Business News
-
IMF deal expected in next 24 hours: Dar | The Express Tribune
.
[ad_1] Finance Minister Ishaq Dar has said that a staff level agreement for a crucial bailout deal with the International Monetary Fund (IMF) was “very close” and expected in the next 24 hours. Islamabad is racing against time to unlock…
-
Petrol price may be slashed by Rs6.48 per litre | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan’s oil consumers are likely to get a relief of Rs6.48 per litre in the price of petrol for the first fortnight of July. However, the price of high-speed diesel (HSD) may surge by Rs13.84 per litre, which…
-
Oil falls as rate hike fears offset inventory drop | The Express Tribune
.
[ad_1] LONDON: Oil fell on Wednesday, giving up earlier gains, as worries over further interest rate hikes and slowing demand offset support from an industry report showing a larger-than-expected drop in US crude inventories. Benchmark Brent crude prices are down…
-
Even debt restructuring may not be enough: experts | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s economy is on the brink as it grapples with mounting pressure and hyperinflation caused by an overwhelming debt burden. Urgent calls for debt restructuring are echoing through the country, with experts warning that the rupee is poised…
-
Age of crisis leaves big currencies out of sync | The Express Tribune
.
[ad_1] LONDON: Big global currencies are rarely on different paths. Yet Japan’s yen and China’s yuan are slumping against the dollar while in Europe the euro is outperforming and sterling is on a tear. With economic and monetary policy outlooks…
-
Govt unveils ‘bonded bulk storage’ to curb petrol hoarding
.
[ad_1] A large number of bike owners stand in a queue at a petrol pump in Islamabad on June 7, 2022. — APP The federal government has unveiled a bonded bulk storage policy to end the illegal hoarding and shortages…
-
Gold price in Pakistan increases despite fall in international rates
.
[ad_1] An undated image of a gold set displayed at a jewellery store. — AFP/File The per tola price of gold in Pakistan jumped to Rs216,000 on Wednesday despite fall in the international rates. The price of gold (24 carats)…
-
How much will rupee gain if IMF deal is revived?
.
[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi on May 19, 2022. — AFP The government’s moves to meet several demands of the International Monetary Fund (IMF) — through the budget for the fiscal year…
-
ECC approves bonded storage policy for petroleum products: Dar | The Express Tribune
.
[ad_1] ISLAMABAD: Finance Minister Ishaq Dar announced on Wednesday that the Economic Coordination Committee (ECC) has approved the “Bonded Bulk Storage Policy 2023” for petroleum products. The minister took to Twitter to make the announcement and said that the government…
-
Second shipment of Russian oil arrives | The Express Tribune
.
[ad_1] KARACHI: The second cargo ship of Russian crude oil anchored at Karachi Port on Tuesday. According to Express News, vessel – Clyde Nobel Birth – is carrying 56,000 tons of oil. According to port sources, the ship had been…
