Business News
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November inflation drops to 23.8% in Pakistan
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[ad_1] A vendor selling vegetables at Gol bazar in Sargodha. — APP/File ISLAMABAD: In line with the Ministry of Finance’s monthly outlook, the inflation based on the consumer price index eased to 23.8% in November compared to 26.6% recorded in…
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Threat of possible suspension of Google Play services in Pakistan averted
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[ad_1] The picture shows Google Play Store logo. — AFP The Ministry of Finance has agreed to release blocked payments to international service providers like Google on Federal Minister for Information Technology Aminul Haque’s advice, which will avoid the suspension…
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Consumer price inflation slows to 23.8% | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s annual consumer price inflation slowed to 23.8% in November from 26.6% a month earlier, the statistics bureau said on Thursday, days after the central bank unexpectedly hiked policy rates. Prices were up 0.8% in November from the…
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Govt gets less-than-targeted financing in T-bills auction | The Express Tribune
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[ad_1] KARACHI: The government borrowed on Wednesday a mere Rs215 billion from commercial banks against the target of Rs850 billion as the banks jacked up the lending rate significantly. The government acquired financing through the auction of three-, six- and…
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US rate hikes could slow ‘as soon as’ December: Fed chair
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[ad_1] US Federal Reserve Bank Board Chairman Jerome Powell answers reporters’ questions during a news conference following a meeting of the Federal Open Market Committee (FMOC) at the bank headquarters on November 02, 2022 in Washington, DC. — AFP/File WASHINGTON:…
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China has room for further ‘recalibration’ of zero-COVID policy: IMF
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[ad_1] Chinese residents in Japan and supporters stage a rally to protest against China´s Zero Corona policy and the dictatorial rule of the Chinese Communist Party in Tokyo on November 30, 2022 as part of candlelight vigil for victimes of…
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Petrol, diesel prices to ‘remain unchanged’ | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar announced on Wednesday that petrol and diesel prices would remain unchanged for the next fortnight — till December 15. In a televised address, the financial czar said the government has decided to slash the price…
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Germany to get new Qatari LNG flows | The Express Tribune
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[ad_1] Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. Since Russia’s invasion…
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Pakistan seeks support from Bank of China to bring back macroeconomic stability
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[ad_1] Pakistan Tuesday sought support from the Bank of China to bring back the macroeconomic stability, convincing them of an expansion of business relations with Islamabad to deepen the economic and financial relations. Federal Minister for Finance and Revenue Ishaq…
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Singapore Airlines to take 25% Air India stake in merger deal
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[ad_1] An Air India aircraft prepares to land at the Chhatrapati Shivaji Maharaj International Airport in Mumbai on January 27, 2022. — AFP/File MUMBAI: Singapore Airlines announced Tuesday it will take a 25% stake in Air India, streamlining its aviation…
