Business News
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‘Gender gap at work far worse than expected’
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[ad_1] ILO data shows 15% of working-age women globally would like to work, but do not have a job, compared to 10.5% of men. — AFP GENEVA: Women have a harder time accessing work globally than previously thought, while the gender gap in working conditions and pay has barely budged in two decades, the United…
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Rupee gains further ground against dollar in interbank market
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/ file The Pakistani rupee further strengthened against the US dollar in the interbank market for the second consecutive trading session on Monday. As the greenback lost Rs3.46 against the rupee, the local currency changed hands at…
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Does international financing truly benefit Pakistan? | The Express Tribune
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[ad_1] ISLAMABAD: International Financial Institutions (IFIs) never shy away from dictating terms that enable them to skilfully debt trap vulnerable economies – all under the guise of reforms and financial assistance. IFIs use local and international consultants to lure countries into following IFI prescriptions to achieve ‘sustainable development’. Once a country is trapped in its…
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Importance of e-commerce for Pakistan’s growth | The Express Tribune
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[ad_1] KARACHI: The e-commerce sector in Pakistan has achieved significant growth over the past few years, thanks to the increasing internet and smartphone penetration. According to a report of eMarketer, Pakistan’s e-commerce sales are projected to reach $2.1 billion by 2023, up from $1.2 billion in 2018. This article will explore the state of e-commerce…
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Does austerity lead to prosperity? | The Express Tribune
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[ad_1] ISLAMABAD: The prime minister, while addressing the news conference announcing austerity measures, said “we have to make collective efforts to make the country prosperous.” The federal cabinet has announced an “austerity package”, that includes steps such as early office opening, early closure of shopping centres, ban on the purchase of luxury vehicles by the…
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Black gold to green energy: Texas leads US in renewables
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[ad_1] An aerial view of a vast solar-energy installation in Hill County, Texas, on March 1, 2023. AFP/File DAWSON: Modern Texas was built on oil, and its production has long been a source of immense pride. But now, areas that moved to the steady rhythm of oil derricks for more than a century are making…
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China aims for 5% growth next year — lowest target in years
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[ad_1] Employees work on an assembly line producing speakers at a factory in Fuyang city, in China’s eastern Anhui province, on Sept. 30. AFP BEIJING: China announced one of its lowest economic growth targets in years Sunday, kicking off meetings of its parliament set to hand Xi Jinping a third term as president as well…
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Ramzan package to start on March 20 | The Express Tribune
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[ad_1] ISLAMABAD: The Utility Stores will be giving subsidies worth five billion rupees on 19 items under the Ramzan Relief Package. The Ramzan package will be divided into two categories: Rs1.15 billion for the people covered under the Benazir Income Support Programme (BISP) and RS3.85 billion for general consumers. According to the Utility Stores sources,…
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Maiden Russian crude oil shipment due next month | The Express Tribune
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[ad_1] ISLAMABAD: The first oil cargo from Russia is expected to arrive in Pakistan by the end of April after the latter agreed to the former’s demand to import a single cargo first as a test case to bridge “trust deficit”. Moscow has already offered to export 100,000 barrels of crude oil per day to…
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Gold price falls to Rs200,000 per tola in Pakistan
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP Gold rate fell for the second consecutive trading session in Pakistan on Saturday in hopes of further recovery of the local currency against the US dollar — which gained over 2% in the last session. According to All-Pakistan Sarafa Gems and Jewellers…
