Business News
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Pakistan inflation soars past Sri Lanka’s amid weakening rupee | The Express Tribune
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[ad_1] Pakistan’s inflation rate has outpaced Sri Lanka’s, becoming the fastest in Asia, as the rupee’s 20% drop against the dollar this year and rising food and energy costs drive up consumer prices. According to a report published in Bloomberg on Tuesday, consumer prices surged 36.4% in April compared to the previous year, the highest…
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Oil prices drop more than a dollar | The Express Tribune
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[ad_1] TOKYO: Oil prices dropped more than a dollar a barrel on Monday after weak economic data from China and expectations of another US interest rate hike outweighed support from OPEC+ supply cuts that take effect this month. Brent crude fell $1.27, or 1.6%, to $79.06 a barrel by 1521 GMT. US West Texas Intermediate…
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Power sector a mess that requires reforms | The Express Tribune
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[ad_1] ISLAMABAD: A research study has pointed out several flaws in the power sector of Pakistan and urged the government to adopt swift governance and policy reforms as well as develop business models to boost renewable energy and liberalise energy market through deregulation and privatisation. In a report published recently, the Institute of Policy Studies…
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JPMorgan Chase snaps up First Republic Bank’s assets in emergency auction
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[ad_1] A First Republic Bank office in San Francisco, California. —AFP/File JPMorgan Chase & Co Monday outbid other bidders to take over First Republic Bank in an emergency government-intervened deal after all the efforts to rescue the bank by the private sector tanked. First Republic Bank marks the third bank in less than two months…
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Prices of Atlas Honda bikes jacked for fourth time in 2023
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[ad_1] An undated image of Atlas Honda’s 125cc model bike. — Twitter/@honda2wheelerin For the fourth time in 2023, Pakistan’s biggest player in the two-wheeler segment in terms of market share — Atlas Honda — has hiked prices of motorcycles by up to Rs5,000-15,000. The new rates will be applicable from May 1 onwards, according to…
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Petrol price to remain unchanged, diesel rate reduced by Rs5 per litre
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[ad_1] — AFP/File ISLAMABAD: Finance Minister Ishaq on Sunday announced reducing the price of diesel by Rs5 per litre while keeping the price of petrol unchanged for the next fortnight, effective from April 1. In a televised address, he said the new prices had been worked out to provide “maximum relief” to the masses on…
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Govt cuts price of diesel by Rs5, keeps petrol unchanged | The Express Tribune
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[ad_1] ISLAMABAD: Due to fluctuations in global oil prices, the federal government has announced a reduction in the price of high-speed diesel (HSD) by Rs5 per litre effective Monday, May 1, 2023. HSD is commonly used in transport and agriculture sectors, and this decrease in price will have a positive impact on farmers who are…
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Importance of health insurance in today’s uncertain times | The Express Tribune
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[ad_1] KARACHI: Our health is undoubtedly our greatest asset! However, at times access to the things that contribute to a better quality of life can be challenging for most of us. Moreover, access to even basic healthcare is an issue for particular segments of society. Pakistan is a developing nation economically but its population is…
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Is Pakistan oblivious to competitors? | The Express Tribune
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[ad_1] ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) is a dream project that many countries aspire to have. It possesses all the necessary components to propel any nation towards rapid economic growth, development, and diversification. CPEC encompasses various areas of cooperation that hold importance for Pakistan. To benefit from CPEC, it is imperative to implement the…
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Is free money for real? (And can it solve poverty?) | The Express Tribune
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[ad_1] By Abdul Rehman Nawaz/ALI ASAD SABIR | Design: Ibrahim Yahya PUBLISHED April 30, 2023 KARACHI: In many countries, poverty remains a significant problem, with millions of people living below the poverty line. According to the World Bank, as of March 2023, the number of people living in extreme poverty has increased by 11 million,…
