Business News
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Gold falls below Rs205,000 mark in Pakistan
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[ad_1] An undated image of a gold set displayed at a jewellery store. — AFP/File Extending its losses for a second trading day, the gold price on Monday fell below Rs205,000 as the euphoria over the International Monetary Fund (IMF) deal fizzled and investors shifted their focus to Finance Minister Ishaq Dar’s negotiations with friendly countries for…
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Stagflation: a complicated situation for policymakers | The Express Tribune
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[ad_1] LAHORE: Political temperature in Pakistan is on the rise owing to the lingering situation. The cat and mouse game keeps on increasing political turbulence. A temporary pause in dialogue between Pakistan and the International Monetary Fund (IMF) is also aggravating the economic situation. Political turbulence and the dialogue standoff are enhancing economic uncertainty. The…
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Personal data – a big threat | The Express Tribune
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[ad_1] ISLAMABAD: In today’s world, personal information is the biggest asset for any person. It can be used to harm financially, physically and emotionally. The trade of protecting personal information is called data protection and privacy. Data privacy is a rapidly evolving area of concern in today’s digital world. With the rise of the internet…
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US-Pakistan Green Alliance framework | The Express Tribune
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[ad_1] ISLAMABAD: As the world grapples with the urgent need to address climate change, the United States and Pakistan are leading the charge with a ground-breaking collaboration: the US-Pakistan Green Alliance. A dynamic partnership aimed at boosting bilateral cooperation on sustainable development, clean energy, and climate action, this is poised to not only enhance climate…
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‘Green goods’ trade going strong: UN
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[ad_1] Wind farm in Thailand. — ADB/File Global trade slowed down in the second half of 2022, but demand for environmentally friendly goods stayed strong, according to the UN Conference on Trade and Development (UNCTAD). As per a recent press release, UNCTAD’s latest Global Trade Update said that trade in “green goods” — which use…
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Risks to financial stability have increased: IMF chief
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[ad_1] International Monetary Fund (IMF) chief Kristalina Georgieva. — AFP/File BEIJING: International Monetary Fund (IMF) chief Kristalina Georgieva on Sunday warned that risks to financial stability had increased and stressed “the need for vigilance” following the recent turmoil in the banking sector. Speaking at a forum in Beijing, the IMF managing director said she expected…
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IMF’s $15.6b loan to Ukraine will be first to a country at war | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) approved a $15.6 billion loan to Ukraine earlier this week, the first time the global lender extended assistance to a country at war, as Pakistan still struggles to fulfil challenging conditions to secure financing from the Fund. “The Ukrainian authorities and IMF staff have reached a staff-level agreement on…
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Court stays proceedings against TRG board | The Express Tribune
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[ad_1] ISLAMABAD: The Sindh High Court (SHC) has stayed proceedings in a district and sessions court in Karachi against the board of directors of The Resource Group International Limited (TRG) in a defamation suit filed by former chief executive officer (CEO) Zia Chishti, the company said in a notice to the stock exchange on Friday.…
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Gold prices in Pakistan ease as market awaits clear direction
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[ad_1] An undated image of a gold set displayed at a jewellery store. — AFP/File Gold dropped nearly 1% in Pakistan on Saturday as investors look for a clear direction as the rupee hold ground against the US dollar fading the shine of the yellow metal. According to the data released by All-Pakistan Sarafa Gems…
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No plan B other than IMF: Miftah Ismail
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[ad_1] Former finance minister and PML-N member Miftah Ismail. — Twitter/@a4arshi As Pakistan’s economy continues to dwindle amid financial woes and the authorities struggle to strike a staff-level agreement with the International Monetary Fund (IMF), former finance minister and Pakistan Muslim League-Nawaz’s (PML-N) Miftah Ismail said matters with the global lender seem to have come at…
