Business News
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Stress laid on digital technologies | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Furniture Council CEO Mian Kashif Ashfaq on Monday stressed the need for using the latest digital technologies for market-driven modern designs to attract local and foreign investors. Talking to a delegation of furniture exporters, he said modern technology was reshaping the fashion industry which encompassed many different small and niche industries. He…
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FBR, SBP rules hinder IT export growth | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Information Technology and Telecommunication Syed Aminul Haque has said that the Federal Board of Revenue’s (FBR) policies and some rules of the State Bank of Pakistan (SBP) are hindering the growth of IT exports and increase in export remittances from freelancers. It has sparked fears that the local talent may…
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Rupee plunges to 209.96 vs dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency remained highly volatile, as it plunged to a record low at Rs209.96 against the US dollar in the inter-bank market on Monday on conflicting reports that commercial banks were running short of foreign currency to pay for imports. The rupee dropped 0.58% (or Rs1.21) to Rs209.96 compared to Friday’s close at…
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South Asian states asked to reshape policies | The Express Tribune
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[ad_1] LAHORE: Saarc Chamber of Commerce and Industry President Iftikhar Ali Malik has urged the South Asian countries to carefully reshape their monetary and fiscal policies to counter external shocks and protect the vulnerable, while laying the foundation of green, resilient and inclusive growth in the wake of Russia-Ukraine conflict. Talking to a delegation of…
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Cement manufacturer clinches export deal | The Express Tribune
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[ad_1] KARACHI: Pakistan’s leading cement manufacturer DG Khan Cement accomplished the US standard for cement quality which helped fetch an agreement of export deal of 600,000 tonnes of cement to the United States. DG Khan Cement Director Farid Fazal while briefing on the export agreement on Monday, said that DG Khan Cement has been exporting…
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Governor vows to address CNG industry woes | The Express Tribune
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[ad_1] ISLAMABAD: Punjab Governor Muhammad Balighur Rehman has assured the All Pakistan CNG Association (APCNGA) that he will soon raise the issues of compressed natural gas (CNG) industry before the federal government and will try to get them resolved. He stated this while talking to a delegation of APCNGA comprising representatives from all districts of…
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Skills development for IT graduates | The Express Tribune
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[ad_1] KARACHI: Leading IT companies of Pakistan are creating job opportunities for the technology professionals and offering capacity building programmes. As the economies around the world shut down amid the novel coronavirus outbreak, it caused an inevitable surge in the use of digital technologies across the world with many individuals and businesses working from home.…
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China May oil imports from Russia soar to a record | The Express Tribune
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[ad_1] SINGAPORE: China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine. Imports of Russian oil, including supplies pumped via the East Siberia Pacific…
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Miftah claims IMF programme to revive within a day or two
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[ad_1] Federal Minister for Finance and Revenue, Miftah Ismail addressing a press conference at PID in Islamabad, on May 15, 2022. — APP ISLAMABAD: The stalled International Monetary Fund’s (IMF) Extended Fund Facility (EFF) will revive within a day or two, Finance Minister Miftah Ismail said Monday. “I am very hopeful that the IMF programme…
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PM woos Saudi investors, stresses need for enhancing trade | The Express Tribune
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[ad_1] Prime Minister Shehbaz Sharif has said that it is high time for Saudi Arabia and Pakistan to build a road map to enhance bilateral trade between the two countries. “Now is the time for us to sit down to build a road map through which not only we can enhance our investment but also…
