Business News
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Rupee sinks to Rs194 against US dollar | The Express Tribune
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[ad_1] KARACHI: The depreciation of the Pakistan Rupee against the US dollar continued on Monday as the rupee sunk to a historic low of Rs194 against the greenback in the inter-bank market. The rupee had closed at Rs192.53 on Friday,…
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PSX drops by over 1,000 points due to govt inaction | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) dropped by over 1,000 points immediately after opening on Monday as the government’s inaction over the growing economic crisis mounted selling pressure on the bourse. After the 2.4% drop, the PSX benchmark KSE-100 Index declined to a two-month…
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Second phase of CPEC: what is needed | The Express Tribune
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[ad_1] ISLAMABAD: The current government comprises the political parties that consider themselves the champion of Pakistan-China relationship. Pakistan Peoples Party (PPP) takes pride in attributing Pak-China friendship to the founder of the party. Jamiat Ulema-e-Islam-Fazl (JUI-F) claims a major role…
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Global economic outlook and Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Having made a sound recovery in 2021 from the Covid-19 induced contraction in 2020, most of the major economies on the globe are heading for an awkward combination of rising prices and falling growth rates. This situation together…
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Steps to halt economic downslide | The Express Tribune
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[ad_1] PESHAWAR: Here are some thoughts on what is needed to be done urgently on the down-sliding economic front. The malady is potentially alarming. Its symptoms are clear: a precipitous decline in the value of the rupee fuelling rampant inflation,…
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Country in slumpflation | The Express Tribune
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[ad_1] LAHORE: Cracks have become visible on the external front. The foreign exchange reserves have dwindled to $10.3 billion on May 6, which cover almost one and a half month of imports. Usually, three months of import cover is preferred…
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Where is the economic driver? | The Express Tribune
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[ad_1] KARACHI: Clock is ticking, and ticking fast. Pakistan’s oscillating economic and political fortunes – no less than a roller-coaster ride – are swinging again at an unprecedented pace for even the country’s standards. The melodrama in the last six…
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Govt not increasing petrol prices ‘for now’: Miftah | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Miftah Ismail on Sunday dismissed speculations regarding an increase in the prices of petroleum products, saying the government led by Prime Minister Shehbaz Sharif has no immediate plans to hike the fuel prices. Addressing a press…
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The one-stop webshop for all your farming needs | The Express Tribune
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[ad_1] PUBLISHED May 15, 2022 KARACHI: Agriculture forms the backbone of Pakistan’s economy but the communication gap between the farmers and stakeholders has long limited the market’s potential, resulting in reduced production. Farmers have consistently been left out of profit…
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Petrol may go up by Rs25, HSD by Rs40 | The Express Tribune
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[ad_1] ISLAMABAD: The federal government is mulling over a plan to cut subsidies on petroleum products in phases — Rs25 per litre on petrol and Rs40 per litre on high speed diesel (HSD) in the first one — in a…
