Business News
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Is there any economic recovery plan on cards? | The Express Tribune
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[ad_1] ISLAMABAD: Not really. Is anyone asking for it? Not really. Is there any accountability for inaction? Not really. Would we stay victims of the status quo? Absolutely yes! The country has such a sad but usual state of affairs. Of course, the news about the annual budget exercise and the IMF package have faded…
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Black Myth: Wukong, China’s video game breakthrough sells over 10 million copies in three days | The Express Tribune
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[ad_1] Chinese video game Black Myth: Wukong has made a remarkable debut, selling over 10 million copies across all platforms within 72 hours of its release, developer Game Science announced on Friday. Released on Tuesday morning, the game quickly became a global sensation, topping Steam’s “most-played games” list just an hour after its launch. The…
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Govt makes irregular spending on MPs’ projects | The Express Tribune
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[ad_1] ISLAMABAD: In an irregular move, the federal government spent Rs110 billion on development schemes after the end of June as part of last fiscal year’s public sector development spending. The funds were allocated to projects favored by parliamentarians and the ruling parties. Despite implementing a cash-based accounting system that also required surrendering the surplus…
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Coworking spaces face 60% loss | The Express Tribune
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[ad_1] KARACHI: Coworking space providers, professionals, and analysts are calling for urgent political and economic stability, as well as the elimination of internet disruptions, as the entire coworking space industry faces a 60% business loss and teeters on the brink of collapse. Tech companies are relocating their operations, and not a single new investor is…
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Gold hits record high at Rs263,700/tola | The Express Tribune
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[ad_1] KARACHI: Gold prices in Pakistan soared to a new record high of Rs263,700 per tola (11.66 grams) on Saturday, marking a fresh increase of Rs1,700, according to the All Pakistan Sarafa Gems and Jewellers Association. The metal pricing body reported that this latest rise follows a $20/ounce (31.10 grams) increase in global gold prices,…
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Swiss minister calls US-EU debt ‘time bomb’ | The Express Tribune
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[ad_1] ZURICH: Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with Swiss daily Blick, Keller-Sutter extolled Switzerland’s “disciplined” finances, which she said had enabled the country to deal with…
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Govt to streamline remittances | The Express Tribune
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[ad_1] ISLAMABAD: The Executive Director of the State Bank of Pakistan, Syed Sohail Jawad, announced on Saturday that the government is committed to integrating overseas Pakistanis into the national financial system. Speaking on PTV News, he acknowledged the challenges faced by overseas Pakistanis in sending money to their families in Pakistan, citing the process as…
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Pakistan seeks Turkish expertise to enhance aviation industry | The Express Tribune
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[ad_1] Listen to article Finance Minister, Senator Muhammad Aurangzeb has highlighted the significance of collaboration with Turkiye in the aviation sector, describing it as a “vital component” of the two nations’ bilateral relations. His remarks came during a meeting on Friday with the Chairperson of Pegasus Airlines, Mehmat T. Nane, and the CEO of Lucky Cement Limited,…
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IPPs not to blame for tariff hike: Leghari | The Express Tribune
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[ad_1] Federal Minister for Energy Awais Ahmed Khan Leghari has defended the independent power producers (IPPs), asserting that these private entities are not responsible for the rising cost of electricity in the country. “The IPP policy is not the cause of expensive electricity,” Leghari told Voice of America during an exclusive interview. “The high cost…
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Pakistan imports goods worth $1.62b from India | The Express Tribune
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[ad_1] ISLAMABAD: Despite tense relations, Pakistan has imported goods worth $1.62 billion from India during the last five years. This was disclosed to the Standing Committee for Trade by officials of the commerce ministry who said this had occurred despite the fact that trade had been halted with India. According to documents, Pakistan had bought…
