Business News
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Canada central bank pauses rate hikes, holds at 4.5%
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[ad_1] In this file photo taken on April 12, 2011, the Bank of Canada building in Ottawa. — AFP OTTAWA: The Bank of Canada on Wednesday became the first major central bank to pause its aggressive monetary policy in recent months, holding its key lending rate at 4.5% as inflation eased, after eight consecutive rate…
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Economic crisis forces Honda to shut down plant for over 20 days
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[ad_1] An undated image of the Honda Atlas Cars logo. — AFP/File Auto assembler Honda Atlas Cars on Wednesday decided to close its plant for the remainder of the month, blaming the “current economic situation” for its decision. The automaker, in a notice sent to the Pakistan Stock Exchange, said that the company would not be able to…
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‘Good news’ for Pakistani females on Women’s Day
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[ad_1] Two women pose for the camera while sitting on their bikes. — Supplied On the occasion of International Women’s Day, Careem — a ride-hailing service operating in Pakistan — announced its plan to launch a new women-driven motorbike service, catering exclusively to its female customers. The company announced that the service will commence in…
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Govt announces free wheat flour under ‘Ramadan package’ for poor
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[ad_1] A man carries a government subsidised flour bag after buying it from a delivery truck in Karachi on January 10, 2023. — INP ISLAMABAD: The government has finally decided to provide some relief to the country’s inflation-ridden public after Prime Minister Shehbaz Sharif on Tuesday announced providing free wheat flour to the poor under…
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Rs7.2tr added to debt from Jul-Jan | The Express Tribune
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[ad_1] ISLAMABAD: The coalition government has managed to add a net Rs7.2 trillion to the debt pile in only the first seven months of this fiscal year – an average of Rs34 billion per day. The accumulation of debt is now nearly three times more than the gap between federal income and expenditures. The State…
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Pakistan, China sign agri-cooperation DoU | The Express Tribune
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[ad_1] ISLAMABAD: In a move to promote strategic cooperation between China and Pakistan in industry-university research on modern agriculture, documents of understanding (DoU) were signed by the National University of Sciences and Technology (NUST), Weifang Engineering Vocational College, Qingzhou Municipal Government and Weifang National Comprehensive Pilot Agriculture Zone at Weifang last week. The four sides…
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IT capabilities showcased in Denmark, Sweden | The Express Tribune
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[ad_1] KARACHI: The Pakistan Software Export Board (PSEB), in collaboration with the Pakistan Embassy in Copenhagen, has organised the visit of an IT Trade Delegation to Denmark and Sweden from March 6 to March 10, 2023. The delegation comprises of 25 of Pakistan’s top IT companies from various domains, including artificial intelligence (AI), internet of…
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BRI helped lift millions out of poverty: Chinese FM | The Express Tribune
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[ad_1] BEIJING: China’s Foreign Minister Qin Gang on Tuesday reiterated that the Belt and Road Initiative (BRI) was a high-quality public good initiated by Beijing, “built by the parties involved, and shared by the world”, with over three-quarters of countries across the globe and 32 international organisations having joined it already. In his first appearance…
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IMF seeks financing guarantees | The Express Tribune
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[ad_1] KARACHI: Pakistan will be required to give an assurance that its balance of payments deficit is fully financed for the fiscal year ending in June to unlock the next tranche of IMF funding, the fund’s resident representative said on Monday. The International Monetary Fund has been negotiating with Islamabad since early last month to…
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Oil, gas industry urged to take on climate fight
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[ad_1] Sultan Al Jaber, the president of this year’s UN climate talks. AFP HOUSTON: Sultan Al Jaber, the president of this year’s UN climate talks, on Monday said the oil and gas industry must lead the fight against climate change. Al Jaber is minister of industry for the United Arab Emirates and is also chief…
