Business News
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Gold extends gains, price settles at Rs161,600 per tola
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[ad_1] An undated image of a woman looking at gold bangles at a jewellery store. — AFP/File KARACHI: Gold price in Pakistan gained Rs300 per tola on Tuesday as stable currency yellow metal’s appeal in the market. The price of…
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Govt through tough decisions averted default risk: PM | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has said that Pakistan is out of risk of default due to difficult decisions taken by the coalition government. The premier said the government is taking all possible steps to further strengthen the national…
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Pakistan gets $500m loan at 4.9% interest rate | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Tuesday received one of the most expensive loan tranches of $500 million by any multilateral creditor, as the cash-starved country also urged a Chinese commercial bank to refinance the maturing debt and review the possibility of…
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Rift over executive allowance deepens in govt groups | The Express Tribune
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[ad_1] ISLAMABAD: After the Punjab government approved a 150% planning allowance, the three service groups on Monday joined hands and aired their frustration against the federal government and the state for arbitrarily ignoring them in awarding the executive allowance. The…
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KATI President SM Muneer passes away
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[ad_1] Korangi Association of Trade and Industry (KATI) patron-in-chief S M Muneer. — Twitter/File KARACHI: Korangi Association of Trade and Industry (KATI) patron-in-chief S M Muneer breathed his last on Monday following a fatal heart attack. The ex-chairman of the…
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Rupee remains steady against US dollar
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[ad_1] Currency dealers are exchanging Rs1,000 note. — AFP/File KARACHI: The Pakistani rupee remained steady against the US dollar in the interbank market on Monday owing to lukewarm demand for the greenback, while dealers are not upbeat on a strong…
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Minister heads to Russia for oil and gas talks | The Express Tribune
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[ad_1] ISLAMABAD: State Minister for Petroleum Dr Musadik Malik and the petroleum secretary have flown to Russia for talks on issues including oil and gas supplies, two people close to the matter told Reuters on condition of anonymity. The trip…
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PSX takes a hammering after SBP’s sudden interest rate hike to highest since 1999
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[ad_1] A view of the Pakistan Stock Exchange (PSX) building the main hall in Karachi. — INP/File The Pakistan Stock Exchange (PSX) took a hammering at opening bell Monday morning in reaction to the State Bank of Pakistan’s (SBP) unforeseen…
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PSX dives 900 points after surprise interest rate hike | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) plunged 2% (or almost 900 points) to close to 42,000 points at around 1:8pm on Monday, as traders aggressively pulled out investment in panic after the central bank unexpectedly hiked the key policy rate…
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PM welcomes Azeri tax relief on rice | The Express Tribune
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[ad_1] ISLAMABAD: Azerbaijan has approved a five-year tax exemption on the import of rice from Pakistan. Prime Minister Shehbaz Sharif on Saturday thanked Azerbaijan’s President Ilham Aliyev for the decision. “I am thankful to H.E. Ilham Aliyev, President of Azerbaijan,…
