Business News
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Rupee gains against USD in interbank market | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee gained Rs2.23 against the US dollar on Wednesday in the interbank market after days of depreciation by the local currency. The rupee touched Rs200.59 against the US dollar. The currency had dropped to a record…
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Dollar records sharp decline in interbank trade
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[ad_1] A representative image. KARACHI: The US dollar fell by Rs1.4 in the interbank market during intraday trade on Wednesday after surging to a record high of 202.83 a day earlier. The local unit was being traded at 201.4 against…
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India hikes interest rates 50 basis points to fight inflation
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[ad_1] This file photo shows the entrance of the Reserve Bank of India (RBI). Courtesy Hindustan Times MUMBAI: India’s central bank on Wednesday hiked rates for the second time in two months, as Asia’s third-largest economy reels from galloping inflation…
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K-Electric seeks Rs4.86 tariff increase | The Express Tribune
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[ad_1] ISLAMABAD: K-Electric has requested the National Electric Power Regulatory Authority (Nepra) to increase power tariff by Rs4.86 per unit on account of fuel cost adjustment (FCA) for April 2022. In its petition, the private power utility pointed out that…
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Use of plastic money may become expensive | The Express Tribune
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[ad_1] ISLAMABAD: The government may impose 1% tax on all credit and debit card transactions conducted in Pakistan to buy goods abroad or during international travel, aimed at saving the fast depleting foreign exchange reserves. It is also planning to…
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NEPRA moves to break monopoly | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has taken a landmark decision by granting the market operator licence to the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G) in order to break the monopoly of power distribution companies. The…
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Women’s participation in financial sector vital | The Express Tribune
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[ad_1] KARACHI: Pakistan may increase economic activities significantly by supporting women to play their due role in different stages of management and labour in businesses, as gender diversity has worked well in developing and developed economies around the world. Women’s…
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Rupee dips to new record low | The Express Tribune
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[ad_1] KARACHI: Pakistan’s currency became highly volatile on Tuesday, as it dropped 1.37% (or Rs2.77) to close at an all-time low at Rs202.83 against the US dollar in the inter-bank market in the wake of mounted pressure of import payments…
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Expressway to link Gwadar with highways | The Express Tribune
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[ad_1] BEIJING: The Eastbay Expressway, when it is opened for traffic, will connect Gwadar Port with Pakistan’s national highways and expand transportation between Gwadar and other places in the country and even other regional states, said Chinese Foreign Ministry spokesperson…
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Lack of RLNG threatens $20b export target | The Express Tribune
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[ad_1] LAHORE: Textile exporters have urged the government to immediately restore re-gasified liquefied natural gas (RLNG) supply to the captive power plants (CPPs) of industrial units in a bid to avert any delay in meeting the $20 billion textile export…
