Business News
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Punjab revises business timings to save electricity
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[ad_1] People can be seen shopping in a local market in Lahore on April 28, 2021. — APP/File LAHORE: Markets across Punjab will close at 9pm from Monday, the province’s chief minister, Hamza Shahbaz, announced Saturday in the government’s bid…
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Traders fear goods transportation crisis | The Express Tribune
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[ad_1] KARACHI: Panic has swept through the food and commodity markets as traders fear that a third significant increase in prices of petroleum products within 20 days will plunge the country into a massive goods transportation crisis. Acting Federation of…
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Oil slumps 5% on recession concerns | The Express Tribune
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[ad_1] Oil prices tumbled about 5% to a three-week low on Friday, led by a slump in US gasoline futures, as investors were worried that interest rate hikes from major central banks could slow the global economy and cut demand…
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Rupee touches fresh record low at 208.75 | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its free fall for the sixth consecutive working day, as it lost 0.53% to a new record low at Rs208.75 against the US dollar in the inter-bank market on Friday amid the worsening country’s capacity…
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FBR directed to resolve importers’ issues | The Express Tribune
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[ad_1] ISLAMABAD: Taking stock of the problems being faced by traders who had booked containers prior to the ban on imports, the Senate Standing Committee on Finance on Friday directed the Federal Board of Revenue (FBR) to resolve their issues….
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Foreign investment contracts 29% | The Express Tribune
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[ad_1] KARACHI: Evaluating the risks of investment losses due to the persisting political and economic uncertainty in Pakistan, foreign investors were hesitant as the flow of investment into different sectors of the economy remained sluggish. Foreign direct investment (FDI) in…
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Five more incubation centres planned | The Express Tribune
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[ad_1] KARACHI: Ignite National Technology Fund CEO Asim Shahryar Husain has announced that Ignite, administered by the Ministry of IT and Telecom, will launch five more incubation centres by next year and will also launch new acceleration and innovation funds…
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Pakistan, China ink MoU to boost agri-cooperation | The Express Tribune
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[ad_1] KUNMING: China’s Yunnan Academy of Agricultural Sciences (YAAS) and Pakistan Agricultural Research Council (PARC) signed a memorandum of understanding (MoU) to promote agricultural cooperation between China and Pakistan at an online signing ceremony held in Kunming and Beijing on…
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Honorarium policy stuck in limbo | The Express Tribune
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[ad_1] ISLAMABAD: The policy of giving honorarium to government officials for good performance has again stuck in limbo as the finance ministry withdrew it from a cabinet meeting. During a cabinet huddle held on June 7, the minister for finance…
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FATF to announce ‘on-site’ visit after Pakistan completes item list
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[ad_1] The Financial Action Task Force (FATF) Friday said it will announce an on-site visit to Pakistan after Islamabad completed the 34 items on the watchdog’s list. More to follow [ad_2] Source link
