Business News
-
Pakistan to receive $1.7b from World Bank in flood relief assistance
.
[ad_1] Martin Raiser, the World Bank’s Regional Vice President for South Asia called on Power Minister Khurram Dastgir in Islamabad on September 22, 2022. PID Martin Raiser, the World Bank’s Regional Vice President for South Asia, said the bank plans…
-
Rupee continues nosediving, reaches near all-time low against dollar
.
[ad_1] A currency dealer is counting notes of $100 while Rs5,000 notes are placed on the table. — AFP/File KARACHI: Post-flood economic situation and shortage of the dollar in the country kept the Pakistani rupee under pressure for the 15th…
-
Rupee closes at record low of 239.65 against US dollar
.
[ad_1] A currency dealer is seen counting $100 notes; while Rs500 notes are kept on the table. — AFP/File KARACHI: The Pakistani rupee continued to lose grounds unabated for the 14th consecutive session on Wednesday and closed at a record…
-
Petrol price moved up by Rs1.45 per litre
.
[ad_1] A man refills the fuel tank of a car. — AFP In a surprise move, the federal government early Wednesday again jacked up the petrol price by Rs1.45, taking it to Rs237.43 per litre for the remaining month of…
-
Chip stocks hammered | The Express Tribune
.
[ad_1] SINGAPORE: A handful of chipmakers including Micron and AMD have signalled waning demand as red-hot inflation squeezes spending, even as it eases a two-year global semiconductor shortage that has hit production of everything from cars to smartphones. Chip stocks…
-
Oil jumps nearly 3% | The Express Tribune
.
[ad_1] NEW YORK: Oil prices rose nearly 3% on Friday as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand. Brent crude futures were up $2.71, or 2.5%, at $111.74 a…
-
SPI increases 3.63% | The Express Tribune
.
[ad_1] The Sensitive Price Indicator (SPI) for the week ended June 30, 2022 registered an increase of 3.63% for the combined income group, going up from 190.98 points during the week ended June 23, 2022 to 197.92 points in the…
-
FBR collects record Rs763b in June | The Express Tribune
.
[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Friday said the Federal Board of Revenue (FBR) had created history by collecting revenue of Rs763 billion in June. Speaking at a press conference along with FBR Chairman Asim…
-
Petrol, diesel sales fall after end of subsidy | The Express Tribune
.
[ad_1] KARACHI: The demand for petrol and diesel dropped 12% and 16% respectively in June 2022 compared to the previous month, snapping a long uptrend in sales of petroleum products in the wake of withdrawal of subsidies and imposition of…
-
Startups attract $280m investment | The Express Tribune
.
[ad_1] KARACHI: Confronting the national and international economic crises, Pakistan’s booming startups have secured investments in first half of 2022 better than the previous year. Investments in second quarter of 2022 has been recorded at over $103 million, taking first…
