Business News
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Pakistan’s exports to China up nearly 6% | The Express Tribune
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[ad_1] BEIJING: Pakistan’s exports to China crossed $1.605 billion in the first five months of 2022, up 5.42% year on year, showed the official data from the General Administration of Customs of the People’s Republic of China (GACC). Pakistan Embassy Commercial Counsellor in Beijing Badaruz Zaman said that despite Covid-19, bilateral trade has increased significantly.…
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Miftah assures realty sector of relief | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Tuesday assured the real estate sector stakeholders that their proposal about capital gains tax would be considered by the government. The minister gave the assurance during a meeting with a delegation of DHA Estate Agents Association, headed by its Chief Patron Mian Irfan, according…
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Riyadh looks for trade avenues | The Express Tribune
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[ad_1] LAHORE: Saudi businessmen are willing to find trade and investment opportunities in Pakistan as they enjoy huge support from both governments and need to work together, said Fahad bin Mohammed Al-Bash, Chairman Saudi-Pak Business Council. A high-level delegation of Saudi businessmen and investors, led by Al-Bash, visited the Lahore Chamber of Commerce and Industry…
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PTA clarifies it has not centralised DNS
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[ad_1] The Pakistan Telecommunication Authority’s logo. — PTA website ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has clarified that it has not centralised the Domain Name System (DNS). In a statement, the regulatory authority, with regards to media reports regarding the new DNS implementation by PTA, clarified that it has only implemented the automation of blocking…
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PBS, NADRA ink MoU for development of census software
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[ad_1] Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal receives a bouquet at MoU signing ceremony. — APP ISLAMABAD: A memorandum of understanding (MoU) has been signed between the Pakistan Bureau of Statistics (PBS) and the National Database Registration Authority (NADRA) on Monday for the development of census software and tablet provision at…
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Pakistani rupee storms past 211 barrier against US dollar in interbank trade
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[ad_1] A trader can be seen counting the US currency. Photo: AFP KARACHI: The US dollar on Tuesday continued its flight against the rupee amid a delay in the revival of International Monetary Fund’s (IMF) loan programme and soared to the all-time high of Rs211 as of 11:15am in the interbank trade. The Pakistani rupee…
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Ishaq Dar guiding on economy: Rana Sanullah
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[ad_1] Former finance minister Ishaq Dar. -APP/file ISLAMABAD: Interior Minister Rana Sanaullah Tuesday said that PML-N’s financial guru Ishaq Dar is guiding the government in managing the economic crisis. Speaking on Geo Pakistan today, the senior government functionary stated that Dar is aware of the situation Pakistan is currently in. During the initial days of the…
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Rupee continues free fall as USD hits Rs212 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee plunged by another Rs2.55 on Tuesday to a record low of Rs212.51 against the US dollar in the inter-bank market at around 11 am on Tuesday. The rupee has crossed the threshold of 212 for the first time despite Finance Minister Miftah Ismail’s assurance on Monday that the International Monetary…
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Circular debt continues to plague energy chain | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan State Oil (PSO) is facing a liquidity crunch as its receivables swelled to Rs583 billion following default by gas and power companies. Now, its receivables from gas companies have soared to record highs, causing financial trouble to the oil marketing company. As crude oil prices are surging continuously, the profits of energy…
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PM seeks Saudi investment in Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Monday invited Saudi businessmen to make investment in various economic sectors of Pakistan as the government would facilitate investors in every possible way and remove hurdles as well as red tape. Speaking to a delegation of Saudi businessmen and investors at a reception, he assured that the investment…
