Business News
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Gold price falls by Rs1,800 per tola in Pakistan
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[ad_1] The picture shows gold necklaces on display. — AFP/File Gold price in Pakistan on Wednesday continued its downward trajectory for a fourth straight day, falling by Rs1,800 amid nominal appreciation in the value of local currency against US dollar. According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price…
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Eid ul Adha in Pakistan: How many holidays for banks?
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[ad_1] An undated image of the State Bank of Pakistan building in Karachi. — AFP The State Bank of Pakistan (SBP) has announced that the central bank would remain closed from June 29-30 due to the religious festival of Eid ul Adha. As a result, all commercial banks across the country will also remain closed…
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‘Pakistan to benefit’ from UK’s new trading scheme | The Express Tribune
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[ad_1] KARACHI: Commerce Minister Syed Naveed Qamar said on Tuesday that a new scheme replaced the Generalised Scheme of Preferences (GSP) to help drive business between Pakistan and the United Kingdom (UK), reducing the country’s need for aid. According to a press release, the UK’s Developing Countries Trading Scheme (DCTS) had now entered into effect,…
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PM hopes to meet IMF MD in Paris | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has sought a meeting with the managing director of the International Monetary Fund (IMF) on the sidelines of the summit for a new Global Financial Pact in Paris amid a steep fall in foreign loans disbursements to just $8.4 billion this fiscal year. The cabinet sources told The…
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‘Plan ‘B’ must be actioned’ | The Express Tribune
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[ad_1] The business community has urged the government to develop a comprehensive economic plan as concerns grow over the potential stall of the International Monetary Fund (IMF) program. With the IMF programme’s future hanging in the balance, experts fear potential setbacks that could negatively impact the country’s financial stability and growth prospects. Pakistan Business Forum…
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Rs462b K-P budget seeks to promote strict austerity | The Express Tribune
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[ad_1] PESHAWAR: The caretaker government of Khyber-Pakhtunkhwa (K-P) presented an austerity budget of Rs462 billion for the next 123 days, with a view to maintaining the current level of taxes until the new elected government took over in the province. The budget for July 1-October 31, 2023 period, was unveiled at a joint press conference…
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Gold price in Pakistan witnesses nominal losses
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[ad_1] An undated image of a gold set displayed at a jewellery store. — AFP/File KARACHI: The price of gold in Pakistan decreased in the third consecutive session in line with the local currency’s nominal gains against the dollar on Tuesday. The price of gold (24 carats) decreased by Rs200 per tola and Rs171 per…
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Pakistan fails in its first attempt to buy LNG
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[ad_1] A ship carrying liquefied gas (R) approaches the new floating terminal for liquefied gas built by LNG (liquefied natural gas) Croatia, in the town of Omisalj on the island of Krk, on April 25, 2023. — AFP Pakistan on Tuesday failed in its first attempt in about a year to buy liquefied natural gas…
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Sindh’s grievances will be addressed today, assures Dar
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[ad_1] Finance Minister Ishaq Dar speaks in the National Assembly in Islamabad on June 19, 2023. — Radio Pakistan Following the Pakistan Peoples Party’s (PPP) criticism of the federal government for abandoning the flood victims in the budget 2023-24, Finance Minister Ishaq Dar on Monday assured that Sindh’s reservations about the rehabilitation of flood affectees…
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Russia says free trade pact with Iran possible | The Express Tribune
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[ad_1] MELBOURNE: A free trade zone agreement between Iran, Russia and several countries that cover the vast Eurasian region spreading from the borders of Eastern Europe to Western China is possible by the end of the year, Russia’s TASS news agency reported on Monday. Russian Deputy Prime Minister Alexei Overchuk told the state TASS agency…
