Business News
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Earthquake sends tremors through Turkey’s fragile economy
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[ad_1] A man carries musical instruments out of the his damaged shop in Antakya on February 18, 2023. — AFP/File ISTANBUL: Turkey was already battling runaway inflation and relying on rich allies for funding to keep its economy afloat when…
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Indus River diverted at Dasu hydropower project site | The Express Tribune
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[ad_1] DASSU KOHISTAN: Indus River was successfully diverted following the completion of one of the two diversion tunnels at the under-construction Dasu hydropower project in Kohistan District, Khyber-Pakhtunkhwa (K-P). Instead of its natural course, the river is now flowing through…
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Pakistan has defaulted, says Khawaja Asif
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[ad_1] Defence Minister Khawaja Asif addresses a convention in Sialkot on February 18, 2023, in this still taken from a video. — Geo News SIALKOT: Defence Minister Khawaja Asif said on Saturday that Pakistan has already defaulted as the country…
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PIA announces further cut in fares for students
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[ad_1] A Pakistan International Airlines passenger plane. — Radio Pakistan/File Pakistan International Airlines (PIA) has announced further reduction in air fares for local students travelling from Pakistan to China with immediate effect. As per the details, the national flag carrier…
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Gold rate increases by Rs2,800 per tola in Pakistan
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP/File As bargain hunting trickled in after rates dropped a day earlier in response to the continued recovery of the rupee against the US dollar, gold regained lost…
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Task force reviews KE payables, receivables | The Express Tribune
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[ad_1] ISLAMABAD: The matter of payables and receivables between K-Electric and the federal government is being reviewed by a task force constituted by Prime Minister Shehbaz Sharif for reconciliation, said KE in a statement on Friday. “The outstanding payable amount…
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Textile exports post 3% decline in Jan | The Express Tribune
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[ad_1] KARACHI: Pakistan’s textile exports for January 2023 posted a Month-on-Month (MoM) decline of 3%, recording $1.32 billion only. In rupee terms, exports clocked in at Rs309 billion, increasing by 2% MoM. “Value-added textile exports fell by 3% MoM to…
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CPEC’s ThalNova to begin operations | The Express Tribune
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[ad_1] KARACHI: China Pakistan Economic Corridor (CPEC)’s 330MW lignite fired power plant at Thar Coal Block II in Sindh successfully achieved its commercial operations date on February 17, 2023. ThalNova is a joint venture among Hub Power Company Limited (HUBCO),…
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Inventory crunch forces Pak Suzuki to extend plant shutdown
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[ad_1] Suzuki Swift cars roll off the assembly line at an auto plant. — AFP/File A persistent inventory shortfall has forced one of the nation’s largest car manufacturers, Pak Suzuki Motor Company (PSMC), to extend the shutdown of its automobile…
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Rupee gains ground for fourth consecutive session
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[ad_1] A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on October 9, 2018. — AFP The Pakistan rupee registered gains against the US dollar for the fourth consecutive session as the investors’ sentiments were boosted…
