Business News
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Rupee close to breach 200-mark in interbank trade again
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[ad_1] A representational image of a currency dealer counting Rs500 notes. — AFP/File KARACHI: The Pakistani rupee on Monday maintained its downward streak and plunged to 199.75 against the US dollar in the interbank market amid concerns regarding the upcoming…
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Oil prices dip but stay close to $120 | The Express Tribune
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[ad_1] Oil prices dip but stay close to $120 Saudi Arabia raised price for Arab Light crude supply to Asia buyers LONDON Oil prices dipped on Monday after topping $120 a barrel as Saudi Arabia raised crude prices for July….
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No financial emergency in Pakistan, says Miftah | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail said on Monday that there was no financial emergency in Pakistan, especially after the two back-to-back increase in the price of petroleum. The federal minister said the prime minister at “some point” will announce austerity…
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Rupee drops to one-week low of 200.51 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Monday slumped 1.30% (or Rs2.59) to a one-week low of Rs200.51 against the US dollar at around 1:45pm in the inter-bank market on Monday marking another significant drop for a single day. The rupee…
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Rupee drops to two-week low of 200.51 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Monday slumped 1.30% (or Rs2.59) to a two-week low of Rs200.51 against the US dollar at around 1:45pm in the inter-bank market on Monday marking another significant drop for a single day. The rupee…
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PM to address pre-budget conference tomorrow | The Express Tribune
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[ad_1] ISLAMABAD: A pre-budget conference on business, agriculture and IT will be held in Islamabad on Tuesday to sensitise the private business sector and incorporate their valuable suggestions. Prime Minister Shehbaz Sharif will be the chief guest and will address…
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6% GDP target next FY unlikely | The Express Tribune
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[ad_1] The federal government’s Annual Plan Coordination Committee (APCC) has set a growth target of 5% for the next financial year. In the current fiscal year, the economic growth rate is expected to be up to 6%. Earlier, the finance…
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Palm oil imports to rise as Indonesia lifts ban | The Express Tribune
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[ad_1] ISLAMABAD: Indonesian Ambassador to Pakistan Adam Mulawarman Tugio has said that Indonesia has lifted the global ban on palm oil export last week and now palm oil supply to Pakistan will improve. “Indonesia is the largest supplier of palm…
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Sri Lanka’s growth trajectory: some policy lessons | The Express Tribune
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[ad_1] LONDON: Sri Lanka achieved the upper middle-income status from the World Bank in July 2019. It was an excellent achievement for the country. The economy secured a sustainable growth rate of around 5.5% on average from 2003 to 2019….
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Climate change killing agriculture | The Express Tribune
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[ad_1] ISLAMABAD: Climate shocks have started to shake the agricultural system of Pakistan. This year, the wheat crop has felt the severe impact of abrupt fluctuations in temperature. Wheat grain requires 10-12 days for maturity but a sudden change in…
