Business News
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Rupee gains Rs1.7 against dollar amid hopes of IMF programme revival
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[ad_1] The Pakistani rupee gained Rs1.75 to close at Rs205.12 against the greenback in the interbank market.— AFP/File KARACHI: As Pakistan received the Memorandum of Economic and Fiscal Policies (MEFP) from the International Monetary Fund (IMF) for the combined seventh…
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National Assembly passes Finance Bill 2022
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[ad_1] Finance Minister Miftah Ismail speaks on the floor of the National Assembly in Islamabad, on June 10, 2022. — Twitter/NAofPakistan ISLAMABAD: The National Assembly on Wednesday approved Finance Bill 2022 with a majority vote, bringing the country closer to…
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Oil rises 2% on capacity limits | The Express Tribune
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[ad_1] Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly while Western governments agreed to explore ways to cap the price…
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Rupee strengthens vs dollar | The Express Tribune
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[ad_1] KARACHI: The rupee strengthened against the US dollar at 206.87 in the inter-bank market on Tuesday compared to 207.94 on Monday, according to the State Bank of Pakistan. The rupee has depreciated sharply in the past few months in…
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Govt to empower NA speaker, Senate chief | The Express Tribune
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[ad_1] ISLAMABAD: In a move that belies Prime Minister Shehbaz Sharif’s claim of putting burden on the privileged class, the government has proposed to empower the National Assembly speaker and Senate chairman to grant themselves and the past custodians of…
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Timber imports exempted from phyto certificates | The Express Tribune
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[ad_1] KARACHI: Finance Minister Miftah Ismail has issued orders to release the timber consignments imported from the US and Europe without the provision of phytosanitary certificates from the exporting country. The orders were formally issued to the finance secretary during…
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Current account deficit spikes | The Express Tribune
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[ad_1] KARACHI: Pakistan’s current account deficit – the gap between foreign expenditures and income – widened to a four-month high at $1.425 billion in May 2022 following a slowdown in inflow of export earnings and workers’ remittances. The current account…
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China’s firm wins M-8 section contract | The Express Tribune
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[ad_1] ISLAMABAD: The National Highway Authority (NHA) has declared a joint venture arrangement between two Pakistani firms and China’s Geological Engineering Complex (SPGEC) as the “most advantageous” bidder for the construction of a section of Ratodero-Gwadar Motorway (M-8) under the…
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High duties on paper spark crisis | The Express Tribune
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[ad_1] KARACHI: Printing industry stakeholders and paper importers are facing a paper crisis due to heavy duties imposed on paper imports. They have expressed concern over the high paper prices that have put the entire printing industry on the verge…
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FBR collects record Rs6tr in FY22
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[ad_1] The Federal Board of Revenue raised Rs6,000 billion in revenue during the fiscal year 2021-22. — Geo News/ file ISLAMABAD: In a major achievement, the Federal Board of Revenue (FBR) raised a record Rs6,000 billion in revenue during the…
