Business News
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Rs531b agri package okayed | The Express Tribune
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[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Monday approved a Rs531 billion prime minister’s agriculture package, with little impact on the budget, but deferred a decision on providing subsidised electricity to tube-wells due to its nearly Rs180 billion subsidy impact. Finance Minister Ishaq Dar chaired the ECC meeting, which approved the…
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‘Good news’: UK removes Pakistan from its ‘High Risk Third Countries’ list
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[ad_1] Pakistan´s Foreign Minister Bilawal Bhutto Zardari speaks during a press conference in Karachi on October 15, 2022. — AFP/File Foreign Minister Bilawal Bhutto-Zardari Monday shared “some good news”, announcing that the United Kingdom has officially removed Pakistan from its ‘High-Risk Third Countries’ list. Sharing a picture of the official document on his Twitter handle,…
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Gold flat as investors seek rupee’s direction
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[ad_1] A female customer tries on a gold necklace at a Senco Gold and Diamonds jewellery showroom in Mumbai on October 22, 2022. — AFP/File KARACHI: Gold prices remained subdued on Monday as investors remained on the sidelines keeping a close watch on the rupee-dollar parity. The price of gold edged upward by Rs100 per…
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FTX working to secure assets after ‘unauthorized’ transactions
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[ad_1] In this file photo illustration taken on February 09, 2022, shows a smart phone screen displaying the logo of FTX, the crypto exchange platform, with a screen showing the FTX website in Arlington, Virginia. — AFP NEW YORK: The new chief executive of troubled cryptocurrency platform FTX said Saturday the company was making “every…
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Pakistan must take the lead at COP27 | The Express Tribune
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[ad_1] ISLAMABAD: The 27th meeting of the Conference of the Parties (COP) of the United Nations Climate Change Conference (UNFCCC), or more commonly referred to as COP27, is being held from November 6th-18th, 2022, in Sharm El Sheikh, Egypt. Pakistan has a very strong case to present at COP27, as we continue to suffer the…
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Investing in recessionary period | The Express Tribune
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[ad_1] KARACHI: Recession is a new buzz word in every other drawing room. The educated, the salaried, the retail shopkeepers, the industrialists and the blue collar all are worried about the onslaught of an upcoming recession. Most link it to the rising commodity prices, particularly the prices at petrol pumps, and some link it to…
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How real estate sector manages to refuel itself | The Express Tribune
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[ad_1] KARACHI: Real-estate is a major avenue for investment in Pakistan and, in terms of returns, has beaten almost all asset classes. According to the House Price Index of Zameen.com, houses have exhibited a compound return of almost 13% in the last 10 years. This compounded return has reached almost 18% in the last two…
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Cryptocurrency platform FTX files for bankruptcy, boss resigns amid tumult
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[ad_1] Crisis-struck cryptocurrency platform FTX. — AFP/file NEW YORK: Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape. The filing comes after the world’s biggest cryptocurrency platform Binance agreed…
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Azerbaijan floats idea of three-nation bloc | The Express Tribune
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[ad_1] ISLAMABAD: Azerbaijan Ambassador Khazar Farhadov has said that Pakistan, Azerbaijan and Turkey together have a good potential to establish an economic bloc to achieve better outcomes for their respective economies. Talking to the business community during his visit to Islamabad Chamber of Commerce and Industry (ICCI), he emphasised that Azerbaijan was keen to enhance…
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Sales tax on luxury fuel in the offing | The Express Tribune
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[ad_1] ISLAMABAD: The imposition of sales tax on luxury fuel is on the cards while the government also considers increasing the rate of the petroleum levy with the imposition of 17% general sales tax (GST) in a bid to collect around Rs9 billion in taxes annually. This is in line with contingency measures to keep…
