Business News
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Rupee snaps long, steady streak vs dollar
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[ad_1] A currency dealer can be seen counting Rs500 notes. — AFP/File Pakistani rupee Monday snapped a week-long steady streak against the US dollar as worries over informal channels of currency trading gained traction. The local unit closed the session…
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Gold shines, price hits all-time high of Rs164,000 per tola
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[ad_1] A customer holds gold jewellery at a jewellery showroom on May 3, 2022. — AFP/File Gold continued to shine on Monday as its price rose to an all-time high of Rs164,000 per tola in line with the prices in…
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Govt approves import of 450,000 tonnes wheat from Russia | The Express Tribune
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[ad_1] ISLAMABAD: Finance ministry said on Monday it approved the import of 450,000 tonnes of wheat from Russia ahead of the next crop season, which might be delayed because of the impact of floods this year. The Russian wheat will…
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Russia to provide fuel to Pakistan at discounted rates | The Express Tribune
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[ad_1] ISLAMABAD: State Minister for Petroleum Musadik Malik revealed on Monday that Russia has decided to provide crude oil, petrol, and diesel to Pakistan at discounted rates. Earlier this month, Finance Minister Ishaq Dar had indicated that Pakistan overcame the…
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Govt to impose regulatory duty on imported edible oil | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to impose regulatory duty on imported edible oil in a bid to promote self-sufficiency at the local level and boost exports. According to sources inside the Ministry of Food Security, sunflower and canola will…
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Pakistan’s borrowing options shrink | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s borrowing options have remained limited after the international credit rating agencies downgraded its outlook to negative and debt rating to junk status, experts discussed in talk show The Review on Saturday. Anchorperson Shahbaz Rana said that the…
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US shale oil output feared to decline | The Express Tribune
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[ad_1] NEW YORK: US shale oil drillers turned from scrappy wildcatters into multi-millionaires over the past two decades, propelling the United States to become the world’s largest producer, but now they are running out of runway. Oil output gains are…
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Pakistan repays $1b Sukuk, dismisses perception of default | The Express Tribune
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[ad_1] KARACHI: Pakistan has successfully made a repayment of $1 billion against a matured international Sukuk (Shariah-compliant bond) three days ahead of schedule on Friday, December 2, dismissing the perception of its default on the payment. As per the actual…
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Pakistan pays $1bn sukuk bond to end immediate default threat: Bloomberg
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[ad_1] Pakistan Friday made the payment for the $1 billion sukuk bond, Bloomberg reported citing the State Bank of Pakistan (SBP) as the country dodged the immediate default threat. Abid Qamar, a spokesperson at the SBP, told the publication that…
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Pakistan to receive $3 billion from ‘friendly country’: Ishaq Dar
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[ad_1] Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar addresses during the All Pakistan Chartered Accountants Conference 2022 on Sustainability, Technology and Transformation held in Islamabad on October 19, 2022. — PPI Finance Minister Senator Ishaq Dar said…
