Business News
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Google cuts 12,000 jobs as tech woes bite again
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[ad_1] This file photo taken on January 22, 2019 shows a technician passing by a logo of US internet search giant Google during the opening day of a new Berlin office of Google in Berlin. — AFP/File NEW YORK: Google’s parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing…
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Pakistan to begin importing Russian crude oil from March
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[ad_1] Pakistani (left) and Russian delegations during the annual inter-governmental commission in Islamabad on January 20, 2023. — Photo by reporter ISLAMABAD: Minister of State for Petroleum Musadik Malik said Friday that Pakistan would begin importing crude oil from Russia in March after the conclusion of the annual inter-governmental commission held between Islamabad and Moscow. In…
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No escape from IMF, says Tarin | The Express Tribune
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[ad_1] LAHORE: PTI Senator and former finance minister Shaukat Tarin has said that they were making an emergency economic programme to get the country out of the current economic crisis, adding that his party would also have to approach the IMF and take tough decisions if they come to power in the next general elections.…
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WB rejects ‘unfounded’ reports of delay in loan for Pakistan | The Express Tribune
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[ad_1] World Bank Country Director for Pakistan Najy Benhassine on Thursday rejected reports of a delay in loan approval for Pakistan. Taking to Twitter, Benhassine said that press reports about a World Bank decision to delay approval of potential Bank operations in Pakistan are “unfounded”. He added that the tentative board approval dates of all…
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Pakistan’s forex reserves increase $258m to $4.6bn
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[ad_1] A man counts dollar bills. — AFP The foreign exchange reserves held by the State Bank of Pakistan (SBP) reversed the descending trend and moved up by $258 million to $4.601 billion, the central bank said Thursday, without underlining the source of the currency influx. According to an SBP statement, total liquid foreign currency…
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‘Govt to meet IMF conditions without overburdening common man’
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[ad_1] Minister for Planning, Development, and Special Initiatives Ahsan Iqbal addresses a meeting in Islamabad on January 19, 2023. — APP The government would meet the International Monetary Fund’s (IMF) conditions for completing the programme, Minister for Planning, Development, and Special Initiatives Ahsan Iqbal said Thursday, vowing that the common man would not be affected.…
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Masood seeks ‘strengthening’ of US-Pak relations via tech sector
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[ad_1] Irvine Mayor Farrah N. Khan photographed with Pakistan’s Ambassador to the US Masood Khan on January 18, 2023. — Radio Pakistan Punjab-California Sister Province Agreement provided a model to establish domain-specific state-to-province and city-to-city economic linkages between Pakistan and the United States, Pakistan’s Ambassador to the United States Masood Khan said Wednesday. Masood’s statement…
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Reports on delay of World Bank’s loan approval ‘unfounded’
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[ad_1] An undated image of World Bank Headquarters in Washington DC. — AFP The World Bank on Thursday termed the media reports on delaying approval of loans for Pakistan as “unfounded”. “The press reports that refer to a World Bank decision to delay approval of potential Bank operations in Pakistan are unfounded”, World Bank’s Country…
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US wants to see ‘economically sustainable’ Pakistan
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[ad_1] An undated image of US State Department Spokesperson Ned Price. — AFP/File US State Department Spokesperson Ned Price has said that Washington wants to see Pakistan in “an economically sustainable position” and Pakistan’s macroeconomic stability is a matter of discussion within the US government. The statement came during Wednesday’s briefing in response to a…
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US wants to see Pakistan ‘economically sustainable’ | The Express Tribune
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[ad_1] WASHINGTON: The United States wants to see Pakistan in an ‘economically sustainable’ position, US State Department spokesperson Ned Price said during a press briefing on Wednesday. The spokesperson was asked if the US was paying any attention to Pakistan after it had less than $5 billion left in its foreign exchange reserves or if…
