Business News
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Govt fixes cotton intervention price at Rs8,500 per 40kg
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[ad_1] The ECC meeting on March 14, 2023. — Twitter/@FinMinistryPak ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet fixed the cotton (Phutti) intervention price (CIP) at Rs 8,500 per 40kg on Tuesday, citing the need to revive cotton production,…
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IMF loan: PM Shehbaz warns of ‘more burden’ on people
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[ad_1] Prime Minister Shehbaz Sharif during an interview on Geo News’ programme “Capital Talk” in Islamabad, on March 14, 2023, in this still taken from a video. — YouTube/GeoNews Prime Minister Shehbaz Sharif said Tuesday that he saw “more burden”…
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Oil prices ease to 5-week low | The Express Tribune
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[ad_1] NEW YORK: Oil prices fell about 1% to a five-week low on Tuesday as the collapse of Silicon Valley Bank (SVB) sparked fears of a fresh financial crisis that could reduce future oil demand. Brent futures were down 51…
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Bitcoin jumps to highest since June as rally gathers pace | The Express Tribune
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[ad_1] LONDON: Bitcoin hit a nine-month high on Tuesday, taking gains past 30% in four days as it shrugged off chaos in global markets after last week’s collapse of Silicon Valley Bank and rode expectations that US interest rates won’t rise…
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SVB collapse causes headaches for US Fed before rate decision
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[ad_1] The entrance to the Federal Reserve’s William McChesney Martin Building as government financial institutions join force to bail out Silicon Valley Bank’s account holders after it collapsed on Mar 13, 2023 in Washington, DC.— AFP WASHINGTON: The dramatic implosion…
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Government plods towards IMF deal | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has managed to convince the International Monetary Fund (IMF) to reduce external additional loan requirement to $6 billion amid government’s desire to give Rs150 billion subsidised petrol package to motorcyclists. In order to avoid an objection by…
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Officials asked to ‘stop’ using 1,800cc vehicles amid austerity measures
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[ad_1] Finance Minister Ishaq Dar chairs a meeting of the monitoring committee in Islamabad on March 13, 2023. — PID The monitoring committee to oversee the implementation of austerity measures has expressed serious concerns over the use of vehicles above…
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PM approves Rs8,500 as cotton support price | The Express Tribune
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[ad_1] LAHORE: In a major step to facilitate cotton farmers, Prime Minister Shehbaz Sharif on Monday approved Rs8,500 per 40 kg as the support price of cotton. He gave directive to present the matter to the Economic Coordination Committee (ECC)…
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Gold continues to shine as rupee registers losses
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[ad_1] An undated image of a goldsmith showing a necklace to a customer. — AFP/File Amid a delay in the revival of the International Monetary Fund (IMF) programme, the rupee resumed its downtrend which pushed the price of gold upwards…
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To tax or not to tax | The Express Tribune
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[ad_1] On February 20, while speaking on the sidelines of Munich Security Conference, IMF Managing Director Kristalina Georgieva said: “For Pakistan, I want to stress that we are emphasising two things: One, tax revenues – those who can, those making…
