Business News
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Rupee extends rally with gains of 20 paisa | The Express Tribune
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[ad_1] The Pakistani rupee extended its gains against the US dollar on Wednesday, rising 20 paisa, or 0.07%, in the inter-bank market. The currency closed at 282.22 compared to the previous day’s closing level of 282.42. It was the rupee’s fifth consecutive day of appreciation, driven by improved market sentiment amid an ongoing crackdown on…
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Air India to stop Delhi-Washington flights over fleet, airspace issues
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[ad_1] A general view of the interiors of the Air India Airbus A350 aeroplane, displayed at Wings India 2024 aviation event at Begumpet airport, Hyderabad, India, January 18, 2024. — Reuters Air India on Monday announced the suspension of flights between New Delhi and Washington, effective from September 1, amid an aircraft shortage due to…
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US licenses Nvidia to export chips to China | The Express Tribune
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[ad_1] Listen to article BENGALURU: The US Commerce Department has started issuing licences to Nvidia to export its H20 chips to China, a US official told Reuters on Friday, removing a significant hurdle to the AI bellwether’s access to a key market. The US last month reversed an April ban on the sale of the H20 chip…
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Indian exporters decry 50% Trump tariff as major blow
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[ad_1] A mobile crane carries a container at Deendayal Port in Kandla, in the western state of Gujarat, India, April 5, 2025. — Reuters Indian exporters warned on Thursday that the cost of additional US tariffs risked making businesses “not viable” after President Donald Trump ordered steeper levies totalling 50% on imported Indian goods. Prime…
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Market rally lifts PSX to new all-time high | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) extended its rally for the third consecutive session on Wednesday, reaching a new all-time high during intra-day trading, as the benchmark KSE-100 Index gained 1,221.12 points, current index at 144,258.28 — an increase of 0.85% from the previous close. Trading activity remained robust, with a total volume of over…
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PSX extends record run on corporate earnings optimism
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[ad_1] Broker busy in trading at Pakistan Stock Exchange (PSX) in Karachi on Thursday, December 5, 2024. — PPI Bullish sentiment gripped the equity market on Monday as investors chased fresh highs, buoyed by anticipation for corporate earnings and renewed signs of macroeconomic stability. “Stocks trading at new all time [high] amid speculations ahead of major…
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Senate panel gives NHA deadline on N-55 project | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: The Senate Standing Committee on Economic Affairs Division met at the Parliament House on Friday under the chairmanship of Senator Saifullah Abro to address critical concerns over dualisation of N-55 project. It gave the National Highway Authority (NHA) a stringent deadline of two weeks to furnish additional information crucial for finalising proceedings…
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Explainer: What the Pakistan-US trade deal means
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[ad_1] Docked cargo ships are loaded with shipping containers at Port Elizabeth, New Jersey on US. — Reuters/File Pakistan and the Untied States on Thursday announced reaching a highly-anticipated trade agreement ahead of the President Donald Trump’s August 1 deadline which will be expiring on Friday (tomorrow) resulting imposition higher tariffs by Washington against various countries on…
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PSX opens bullish as KSE-100 crosses 140,000 mark | The Express Tribune
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[ad_1] The Pakistan Stock Exchange’s benchmark KSE-100 index surged 863.90 points on Tuesday to reach 140,243.95 — up 0.62% from the previous close of 139,380.05 — amid optimism as Finance Minister Muhammad Aurangzeb departed for the United States to finalise a trade agreement. This marks his second US visit in two weeks, with the government…
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PM approves formation of modern, digital ecosystem in FBR
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[ad_1] Prime Minister Shehbaz Sharif chairs a meeting to review progress on FBR reforms. — APP Prime Minister Shehbaz Sharif on Saturday granted approval for the formation of a modern and globally standard digital ecosystem in the Federal Board of Revenue (FBR), besides directing the hiring of internationally renowned experts. During a meeting to review…
