Business News
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Govt slashes petrol price by Rs5 per litre | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar on Tuesday announced a reduction of Rs 5 per litre in the price of petrol in much-needed relief to the inflation-stricken people of the country. Announcing the new prices, Dar said that petrol price would…
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SBP calls off-cycle review to increase interest rates on March 2
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[ad_1] State Bank of Pakistan building. — APP/File Amid an urgency to unlock the critical funding of the International Monetary Fund (IMF), the State Bank of Pakistan (SBP) on Tuesday “preponed” its Monetary Policy Committee (MPC) meeting for this week…
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SBP prepones meeting to hike key policy rate | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) on Tuesday preponed its meeting to Thursday regarding the matter of hiking up its key policy rate by 100-200 basis points on the recommendation of the International Monetary Fund (IMF). The policy…
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World Bank estimates Turkey quake damage at $34bn
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[ad_1] Civilians look for survivors under the rubble of collapsed buildings in Kahramanmaras, close to the quake’s epicentre, the day after a 7.8-magnitude earthquake struck the country’s southeast, on February 7, 2023. — AFP WASHINGTON: The devastating February 6 earthquake…
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Soaring inflation and domestic politics | The Express Tribune
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[ad_1] LAHORE: A deal with the International Monetary Fund (IMF) is on the cards after meeting its front-loading conditions. The fund has already combined its ninth and tenth review which, in turn, delayed the disbursement of the much-needed loan tranche….
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Solid waste: a challenge as well as opportunity | The Express Tribune
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[ad_1] ISLAMABAD: Solid waste has emerged as a real challenge to humanity and it is increasing with the rise in population and civilisation. A lack of sustainable solid waste management is posing threats and risks to human life in urban…
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Govt agrees to increase interest rate by 200bps | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has accepted another pre-condition of the International Monetary Fund (IMF) for the release of $1.1 billion critical funding – a part of $6.5 billion bailout package – as the government agreed to increase the policy (interest) rate…
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FinMin Dar ‘once again’ brushes aside rumours of Pakistan ‘defaulting’
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[ad_1] Senate Chairman Sadiq Sanjrani chairs a special session of the Senate’s Business Advisory Committee on February 25, 2023, at the Parliament House. — Twitter/@SenatePakistan ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar on Saturday once again brushed aside the…
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No G20 joint statement after China objections on Ukraine war
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[ad_1] India’s Finance Minister Nirmala Sitaraman (centre) addresses a press conference along with the Governor of Reserve Bank of India, Shaktikanta Das (right) and Secretary, Department of Economic Affairs, Ministry of Finance Ajay Seth (left) after the G20 Finance meetings…
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Govt offers tax relief to foreign investors | The Express Tribune
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[ad_1] KARACHI: To attract foreign investment and boost State Bank’s foreign currency reserves, the government has exempted non-resident banking companies from paying taxes on profit earned through investment in debt securities like treasury bills (T-bills) and Pakistan Investment Bonds (PIBs)….
