Business News
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Govt raises Rs1.7 trillion in T-bills auction | The Express Tribune
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[ad_1] KARACHI: The government on Wednesday raised Rs1.715 trillion through the auction of sovereign debt securities (T-bills) to commercial banks, which was more than double the target of Rs800 billion, as its requirement remained high for bridging the fiscal deficit. The cut-off yields (commercial banks’ interest rate on financing to the government) on three and…
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China to help Pakistan maintain financial stability | The Express Tribune
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[ad_1] BEIJING: China will continue to support Pakistan in developing its economy, improving people’s livelihood and maintaining financial stability, said Chinese Foreign Ministry spokespersonZhao Lijian. “China and Pakistan are all-weather strategic partners. China always supports Pakistan in developing its economy, improving people’s livelihood and maintaining financial stability,” Zhao said on Wednesday during his regular briefing…
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SME Bank can help build better businesses | The Express Tribune
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[ad_1] KARACHI: Sector-specific SME Bank can help small and medium enterprises (SMEs) across Pakistan to build back better from financial constraints. Therefore, there is a dire need to restructure the SME Bank and redefine its role in the development of the SME sector. The Express Tribune reached out to the businessmen and analysts to get…
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Inflation may accelerate to 15.5% | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance said on Wednesday that the inflation rate in June could accelerate and reach 15.5%, which would be the highest in the past 12 and a half years, reflecting the adverse impact of increase in government-administered fuel and energy prices. The year-on-year inflation is expected to accelerate in June and…
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Pakistan a popular seller on Amazon | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has now become the third largest popular new seller on the Amazon marketplace, after the United States and China, with over 1.2 million registered vendors. Pakistan was allowed to enter the Amazon marketplace in May 2021, a year after talks began in 2020, following the implementation of Pakistan’s first e-commerce policy, MarketplacePulse…
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Companies asked to integrate Cloud, AI | The Express Tribune
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[ad_1] The recent technological shift has prompted businesses to capture the value of digital transformation. The business community is destined to enjoy the perks of digitalisation sooner or later. This was the crux of Transcend 2022, held recently at a Karachi hotel. It was jointly organised by IBM and Systems Limited, a global technology services…
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Collaboration between industry, academia stressed | The Express Tribune
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[ad_1] ISLAMABAD: As part of the initiative to promote the academia-industry linkages, a delegation of businessmen, led by Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir, visited HITEC University, Taxila Cantt. The delegation visited various departments and display centres on the campus and discussed areas of collaboration with the university. The ICCI…
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Lack of infrastructure dents mango exports | The Express Tribune
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[ad_1] LAHORE: Although mango production has dropped significantly this year due to climate change-related challenges, it has nothing to do with the decline in mango exports, said Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Agriculture’s former chairmanAhmad Jawad. He pointed out that Pakistan had ample production compared with the target…
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Assets identified for floating Sukuk | The Express Tribune
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[ad_1] ISLAMABAD: The cash-starved government has identified six key unencumbered assets that will be utilised for issuing the domestic and international Ijara Sukuk in order to meet budgetary needs and promote Islamic banking in Pakistan. These assets include the unencumbered portions of GT Road and Islamabad Expressway, Makran Coastal Highway (N-10) and Indus Highway (N-55),…
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Islamabad mulls to procure Russian oil
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[ad_1] The Pakistan government is mulling purchasing oil from Russia at a cheaper rate. Photo: AFP/file ISLAMABAD: In view of the ongoing economic crisis and acute shortage of fuel in the country, the Pakistan government is mulling to procure oil from Russia at a cheaper rate. The Ministry of Energy has asked industrial experts to…
