Business News
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HBL vigorously contesting ‘terror financing’ charges in US | The Express Tribune
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[ad_1] Pakistan’s largest bank, Habib Bank Limited (HBL), has clarified that it is “vigorously” contesting the “terror financing” charges case in the United States. The statement came in response to the Bloomberg report which claimed that the bank faces secondary liability in a case in the US after “it failed to shake off claims of…
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Rupee gains further strength after Dar’s warning
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[ad_1] A currency dealer counts Rs5,000 notes in this AFP file photo. KARACHI: The rupee gained in value Thursday for the fifth consecutive trading session against the dollar after a change of leadership at the Ministry of Finance and a warning from Ishaq Dar to the speculators playing with the local currency. In the interbank…
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PM lauds Miftah for avoiding default | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday appreciated the professionalism of former finance minister Dr Miftah Ismail, saying that he saved the country from default during severe economic crisis. The prime minister said Miftah Ismail took the toughest task of dealing with the economic situation including with the International Monetary Fund (IMF) programme. “Taking…
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Dar favours currency market intervention | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar said on Wednesday that some changes would be made in the central bank law at “an appropriate time”, advocating intervention in the currency market that signalled a needed shift in the International Monetary Fund (IMF)-backed policies. In his first media talk after taking oath as the finance minister, Dar…
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Training for drivers of LPG bowsers | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has arranged a certification course called “Heavy vehicle preventive driving course” for drivers of LPG bowsers for the safe transportation of highly inflammable LPG. The course is in collaboration with the National Logistic Cell (NLC) at the Applied Technologies Institute, NLC Headquarter Corporate Office in Rawalpindi.…
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Economy’s revival govt’s top priority, says Ishaq Dar
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[ad_1] Federal Minister Ishaq Dar is talking to journalists upon arrival at the Finance Ministry. — Screengrab iva YouTube/ Geo News Live ISLAMABAD: Federal Minister Ishaq Dar Wednesday said that economic revival, stabilising the local currency and reducing inflation and interest rates were among the top priorities of the coalition government. Talking to journalists upon arrival…
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Dollar continues to tumble as market pins hope on Ishaq Dar
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[ad_1] A file image shows a currency dealer counting $100 notes while Rs5,000 notes are placed on the table beside him. — AFP/File KARACHI: The US dollar continued its nosedive against the Pakistani rupee for the fourth straight session in the interbank market on Wednesday as the market pinned hope on Ishaq Dar, the country’s…
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Ishaq Dar vows to tame inflation and cut interest rates | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s new finance minister Ishaq Dar said on Wednesday he will work to rein in inflation while cutting interest rates, saying the rupee was undervalued and promising a strong response to the South Asian nation’s worst economic crisis. In his fourth time in the job, the chartered accountant is facing a balance of…
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Ishaq Dar sworn in as new finance minister | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) senior leader Ishaq Dar on Wednesday was sworn in as the new finance minister following his return to the country. The oath was administered by President Dr Arif Alvi at the Aiwan-i-Sadr. Prime Minister Shehbaz Sharif and Interior Minister Rana Sanaullah, among others, were present at the oath-taking ceremony.…
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Price of petrol likely to drop by Rs9 | The Express Tribune
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[ad_1] ISLAMABAD: The prices of petroleum products are likely to come down up to Rs15 from October 1 due to a sharp decline in rates of POL in international markets, sources said on Tuesday. Industry sources said the Oil and Gas Regulatory Authority (Ogra) has started working in proportion to the prices of petroleum products…
