Business News
-
Pak Suzuki halts production for 5 days
.
[ad_1] “Restrictions have adversely impacted clearance of import consignment.” — Pak Suzuki Following restrictions to import auto parts and the resultant decline in inventory level, Pak Sukuzi Motor Company (PSMC) Monday announced that its production plant will be closed completely for five days — from January 2 to 6. The State Bank of Pakistan (SBP)…
-
Pakistan gold near one-week peak on safe-haven buying
.
[ad_1] People buy jewellery at a jewellery store in Amritsar on October 22, 2022. — AFP/File Gold rose to a hover near a one-week high on Monday as concerns over the depreciating rupee lifted bullion’s appeal as a safe haven and an inflation hedge. The prices of gold rose by Rs700 per tola and Rs600…
-
PTI forms groups for economic, governance reforms in Pakistan: Fawad
.
[ad_1] PTI Senior Vice President Fawad Chaudhry. — AFP/File Pakistan Tehreek-e-Insaf (PTI) has formed working groups to make fundamental reforms to fix the country’s economic and governance issues, the party’s Senior Vice President Fawad Chaudhry said on Monday. Taking to Twitter, Fawad said that the groups formed by the party include experts from Pakistan and…
-
Privatisation of power distribution companies-I | The Express Tribune
.
[ad_1] ISLAMABAD: DISCOs (distribution companies) in the power sector have been a constant source of worries for successive governments in Pakistan. Losses, leakages, receivables, supply quality and discontinuities, and now the rising circular debt for which DISCOs are only partly responsible. Many options have been examined and pursued, of which two are the most common…
-
Horticulture: an obvious solution | The Express Tribune
.
[ad_1] Food security is frequently defined in terms of food availability, but it has four fundamental components: food availability, access, utilisation and stability. Food security refers to the condition in which the entire population has continuous economic, social and physical access to adequate, nutritious and hygienic food that meets their nutritional needs to support an…
-
Vision 2030: how far has Saudi Arabia come? | The Express Tribune
.
[ad_1] ISLAMABAD: The world is rapidly transforming in the 21st century where the rise of new variables continues to intensify political, economic and social divisions. At the same time, as a consequence of economic globalisation, the world has become more interconnected and interdependent. The traditional tools of engagement and influence cannot withstand the pressures of…
-
Deadline to sell stake in Caixabank extended | The Express Tribune
.
[ad_1] MADRID: The Spanish government has extended the deadline to sell its 17.3% stake in Caixabank, worth some 5 billion euros ($5.3 billion) at current market prices, by two years to the end of 2025, saying it aimed to get the best price for the holding. “This extension aims to ensure greater efficiency in the…
-
Exports touch $30b for the first time in history: Alvi | The Express Tribune
.
[ad_1] KARACHI: President Dr Arif Alvi, on Saturday, lauded the business community for hitting the $30 billion mark in exports this year despite the prevailing economic conditions. “It is encouraging that despite the challenges, Pakistan’s exports for the first time in history, touched $30 billion,” he said, adding that the government is committed to providing…
-
Gold price rises by Rs200 per tola in Pakistan
.
[ad_1] An undated image of gold jewellery. —AFP/File Following a major decline posted a day earlier, gold prices in Pakistan were little changed on Saturday as market participants awaited economic data for further direction. The price of gold registered a slight increase of Rs200 per tola and Rs172 per 10 grams to settle at Rs177,500 and…
-
Pakistan’s textile exports may fall ‘below $1b a month’ from 2023 | The Express Tribune
.
[ad_1] The All Pakistan Textile Mills Association (APTMA) in a letter to Prime Minister Shehbaz Sharif on Friday warned that the country’s textile exports could fall below $1 billion a month from January 2023 onwards. The letter highlighted a range of issues facing the textile sector which is currently operating at less than 50 per…
