Business News
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Resumption of PIA flights in UK after two-year ban likely soon
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[ad_1] An aeroplane of the national flag carrier of Pakistan is seen in this file photo. — AFP Progress has taken place in the process towards the resumption of Pakistan International Airlines (PIA) flights in the United Kingdom, as the national flag carrier will be starting operations from the country after a two-year ban, sources…
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Telecom sector’s financial health | The Express Tribune
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[ad_1] KARACHI: In the previous article, I talked about why Digital Pakistan remains a distant dream and how the dichotomy in policies governing the telecom sector, can push the country into the digital dark ages. This article focuses on the telecom industry’s rapidly deteriorating financial health triggered by unprecedented rise in operating costs, overall macroeconomic…
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Pakistan’s to-do list before PM’s visit to China | The Express Tribune
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[ad_1] ISLAMABAD: The Prime Minister of Pakistan, Shehbaz Sharif, is planning to visit China, his first state visit to the country since assuming office. The visit holds great significance due to three reasons. First, the visit is taking place just after the conclusion of the all-important 20th National Congress of the Communist Party of China.…
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Can Pakistan afford the EU reverting to dirty fuel? No | The Express Tribune
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[ad_1] KARACHI: With Western sanctions taking affect after Russia’s invasion of Ukraine in February this year, the US and EU nations have boycotted buying gas/RLNG from Russia. This, however, took gas prices skyrocketing to unaffordable levels in the global markets. At present, the world is in the tight grip of an energy crisis with recession…
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Reforms inevitable for economic recovery after floods, WB tells Pakistan
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[ad_1] World Bank Vice President for South Asia Martin Raiser. — Twitter/File World Bank Vice President for South Asia Martin Raiser said Sunday that Pakistan would have to introduce financial reforms to cope with the economic crisis being faced by the country after the cataclysmic floods caused by climate change. In an interview with Geo…
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Pakistan seeks $6.3b China debt rollover | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Saturday requested China to rollover its $6.3 billion debt that is maturing in next eight months as part of its overall plan to arrange $34 billion in the current fiscal year to meet its debt and external trade-related obligations. Another proposal was also under consideration to seek a fresh Chinese loan…
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Japanese yen jumps unexpectedly | The Express Tribune
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[ad_1] TOKYO: Japanese authorities likely intervened in markets to stem the slide of the country’s battered currency on Friday, market participants said, following an unexpected jump in the yen against the dollar. The yen rose as high as 144.50 per dollar on Friday, up more than seven yen from a 32-year low of 151.94 yen…
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US welcomes FATF decision to take Pakistan off grey list
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[ad_1] The United States encouraged Pakistan to continue its anti-money laundering and counterterrorism efforts after the Financial Action Task Force (FATF) removed it from the list of countries under an increased monitoring process, commonly known as the grey list. Welcoming the FATF decision to take Pakistan off the grey list, the US acknowledges the country’s…
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Oil up as hopes outweigh worries | The Express Tribune
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[ad_1] NEW YORK: Oil prices rose in choppy trade on Friday as hopes of stronger Chinese demand and a weakening US dollar outweighed concern about a global economic downturn and the impact of interest rate rises on fuel use. To fight inflation, the US Federal Reserve is trying to slow the economy and will keep…
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President for enhancing trade | The Express Tribune
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[ad_1] ISLAMABAD: President Dr Arif Alvi on Friday emphasised the need for enhancing bilateral trade with France as the trade volume of $1.8 billion in 2021 was well below the existing potential. The president, while talking to Pakistan’s Ambassador-designate to France Asim Iftikhar Ahmad, called for holding regular meetings and exploring more opportunities for commercial…
