Business News
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Govt to raise Rs7 trillion through bonds | The Express Tribune
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[ad_1] KARACHI: The government has targeted raising over Rs7 trillion by selling various short and long-tenure sovereign bonds to financial institutions over the next three-month period (October-December). This is in response to the devastation caused by the floods and the…
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SSGC quashes fake news on 18-hour gas loadshedding
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[ad_1] An image shared by the SSGC about the fake gas schedule. — Twitter/@SSGC_Official ISLAMABAD: Sui Southern Gas Company (SSGC) on Tuesday denied reports regarding plans to increase the duration of gas loadshedding to 18 hours from October 15. SSGC…
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IMF cuts 2023 global growth, warns major economies to stall
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[ad_1] International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas speaks at a press conference during the World Bank/IMF annual meeting at IMF headquarters in Washington, DC, on October 11, 2022. — AFP WASHINGTON: Global growth is expected to slow further…
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Oil falls on fears of global recession | The Express Tribune
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[ad_1] NEW YORK: Oil prices fell about 2% on Tuesday, extending the previous session’s almost 2% decline, as recession fears and a flare-up in Covid-19 cases in China raised concerns over global demand. World Bank President David Malpass and International…
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Remittances hit four-month low in Sept | The Express Tribune
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[ad_1] KARACHI: Remittances sent home by overseas Pakistanis slowed down to a four-month low at $2.44 billion in September 2022. The State Bank of Pakistan (SBP) reported on Tuesday that the receipts contracted 10.5% in September 2022 compared to inflows…
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Rupee continues to rise against dollar for 13th straight session
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[ad_1] A currency dealer counts US dollars at a shop. — AFP/File KARACHI: The Pakistani rupee continued to recover against the US dollar for the 13th consecutive session in the interbank market Tuesday. The rupee closed at Rs217.79, appreciating by…
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Moody’s cuts five Pakistani banks’ long-term deposit ratings | The Express Tribune
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[ad_1] Moody’s Investors Service has downgraded the long-term deposit ratings of five Pakistani commercial banks — Allied Bank Limited (ABL), Habib Bank Ltd, (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd (UBL) — to…
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Ishaq Dar leaves for US to hold talks with IMF, World Bank
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[ad_1] Finance Minister Ishaq Dar. Photo: Radio Pakistan/ file ISLAMABAD: Finance Minister Ishaq Dar left for the United States Tuesday to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank, said the finance ministry….
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Rs410 million approved to deal with PTI march | The Express Tribune
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[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved an initial budget of over Rs410 million to deal with the participants of the Pakistan Tehreek-e-Insaf (PTI) long march with an iron hand and also backed the decision to provide…
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Industrialists seek role in trade policymaking | The Express Tribune
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[ad_1] OUR CORRESPONDENT: The Lahore Chamber of Commerce and Industry (LCCI) on Monday pressed the government to grant industry status to the packaging and corrugated sector, terming it a vital business whose significance has grown with the advancement of technology….
