Business News
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SBP slams illegal forex trading platforms | The Express Tribune
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[ad_1] KARACHI: Taking notice of the increasing number of offshore foreign exchange trading platforms, the State Bank of Pakistan (SBP) has clarified that buying products/ services from such platforms is prohibited and against the laws of the land. In a statement on Wednesday, the central bank pointed out that these trading platforms – such as…
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Rupee falls close to 200 in intra-day trading | The Express Tribune
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[ad_1] KARACHI: Pakistani currency dropped to the much-feared level of Rs200 against the US dollar at a point in time in the inter-bank market on Wednesday but partly recovered towards the close of market. It hit an all-time intra-day low at Rs199.61, according to market sources. However, the currency closed at Rs198.39, recording a fresh…
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Fly Jinnah’s cabin crew successfully graduated | The Express Tribune
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[ad_1] KARACHI: Pakistan’s new budget airline, Fly Jinnah, on Wednesday announced the graduation of its first cabin crew batch with brand new uniform. Cabin crew has successfully completed their technical and customer experience training. This is Fly Jinnah’s first batch of 13 cabin crew members, who received comprehensive initial and practical training from cabin crew…
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T-bills cut-off yield drops by 29bps | The Express Tribune
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[ad_1] KARACHI: The interest rate on commercial banks’ fresh financing to the cash-strapped government slightly dropped 29 basis points from historical high above 15% in the recent past, as the Ministry of Finance borrowed significantly less than its set target on Wednesday. The cut-off yields dropped in the range of 5-29 basis points on three…
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Govt ready to make tough decisions | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Wednesday reassured the International Monetary Fund (IMF) that it was ready to take the much-needed tough economic measures, including increase in electricity and petroleum product prices, as both sides were locked in parleys to save the economy from default. The fresh commitment – the second in the past four weeks –…
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Traders slash mango export target | The Express Tribune
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[ad_1] KARACHI: Pakistani exporters have lowered the mango export target this season mainly owing to a decline in mango output amid a host of other reasons including climate change. Pakistan is facing 50% to 60% drop in mango production this year due to the effects of climate change and high temperatures. Besides, shortage of electricity…
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Three-day CNG station closure in Sindh announced
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[ad_1] CNG Station seen closed due to halting of gas supply to CNG stations in Karachi on Saturday, June 26, 2021. — PPI/File KARACHI: In a bid to meet the demand of domestic consumers, the Sui Southern Gas Company (SSGC) on Wednesday announced to suspend the gas supply to CNG stations across Sindh, starting from…
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Ban imposed on import of luxury items to control dollar flight
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[ad_1] A representative image. — Geo Urdu ISLAMABAD: Amid a continuous decline of the rupee against the US dollar, Prime Minister Shahbaz Sharif Wednesday imposed a ban on the import of luxury items including cars and cosmetics, Geo News reported Wednesday, citing sources. According to the report, the ban has been imposed on non-essential items…
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Revival of loan programme: Pakistan-IMF talks begin in Qatar
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[ad_1] Pakistan and IMF resume talks over the restoration of the loan programme in Qatar. Photo: file ISLAMABAD: The International Monetary Fund (IMF) began talks with the Pakistani officials on Wednesday over the release of crucial funds, a process slowed by concerns about the pace of economic reforms amid domestic political pressure on the new…
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Fly Jinnah celebrates graduation of its first cabin crew cadet | The Express Tribune
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[ad_1] KARACHI: Fly Jinnah, Pakistan’s new low-cost carrier, on Wednesday announced the graduation of its first batch as cabin crew in their brand-new uniform, who successfully completed their technical and customer experience training. According to a statement, the first batch of Fly Jinnah consisted of 13 cabin crew members who graduated after the completion of…
