Business News
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Ex-minister lists previous govt’s achievements | The Express Tribune
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[ad_1] Amid continuously deteriorating macroeconomic indicators of the country, like the depreciating rupee and depleting forex reserves, the former finance minister has highlighted the performance of his government, putting further pressure on the current administration. On his official Twitter handle on Friday, former federal minister for finance and revenue Shaukat Tarin showcased the performance of…
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Ex-finance minister Tarin lists previous govt’s achievements | The Express Tribune
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[ad_1] KARACHI: Amid continuously deteriorating macroeconomic indicators of the country, like the depreciating rupee and depleting forex reserves, the former finance minister has highlighted the performance of his government, putting further pressure on the current administration. On his official Twitter handle on Friday, former federal minister for finance and revenue Shaukat Tarin showcased the performance…
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‘Dollar to fall after coming out of clutches of PTI-IMF deal’ | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Miftah Ismail has held previous PTI-led government responsible for the current economic crisis in the country, saying that former prime minister Imran Khan-led regime’s “flawed agreement” with the International Monetary Fund (IMF) led to a rise in inflation and depreciation of rupee against US dollar. “If we get out of the…
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Rupee continues to take battering, reaches another historic low
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[ad_1] A representational image. — AFP/File KARACHI: The Pakistani rupee has maintained its downward streak for the last few sessions now, as it crossed Rs193 against the US dollar on Friday, amid rapid depletion in foreign exchange reserves and uncertainty over the revival of the International Monetary Fund (IMF) programme. The rupee was trading at…
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Rupee continues to sink against USD, hits historic low of 193 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee continued its nosedive against the US dollar on Friday, for the fifth consecutive working day, as it declined by 0.64% (Rs1.23) to a new historical low, reaching Rs193 against the greenback in the inter-bank market. The domestic currency had closed at Rs191.77 against the global currency a day earlier, according…
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ADB hints at providing $2.5 billion loan to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) on Thursday indicated providing $2.5 billion in additional loans to Pakistan, including $1.5 billion before end of year, but the government will have to secure a good economic health certificate from the International Monetary Fund (IMF). “The ADB indicated the additional support of $2.5 billion for the next…
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Oil rises on supply concerns | The Express Tribune
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[ad_1] WASHINGTON: Oil prices rose on Thursday, reversing earlier losses, as supply concerns and geopolitical tension in Europe got the upper hand over the economic fears dogging financial markets as inflation soars. Brent crude rose 46 cents, or 0.4%, to $107.97 a barrel by 1644 GMT. WTI crude rose $1.14, or 1.1 %, to $106.85.…
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Move to boost gems, jewellery export | The Express Tribune
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[ad_1] ISLAMABAD: A three-day gems, jewellery and fashion exhibition, to be organised by the Rawalpindi Chamber of Commerce and Industry (RCCI), will be held from May 20 to 22 in Islamabad. The aim of the exhibition is to encourage local traders and industrialists to take up the non-conventional sector like gemstone business. Talking to journalists,…
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Over 220 stalls set up at fair | The Express Tribune
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[ad_1] KARACHI: Sindh Chief Minister Syed Murad Ali Shah will inaugurate the “17th My Karachi – Oasis of Harmony” exhibition on Friday (today) at the Karachi Expo Centre, where more than 220 stalls have been established. Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees revealed in a statement that in addition to several…
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Rupee posts fresh slump | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its downturn on the fourth consecutive day, as it dropped by a notable 0.91% (or Rs1.75) to a new all-time low at Rs191.77 against the US dollar in the interbank market on Thursday. The rupee closed at Rs190.02 on the previous day (Wednesday), according to the central bank’s data. Cumulatively,…
