Business News
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Car sales drop 18% in April | The Express Tribune
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[ad_1] KARACHI: Pakistan has witnessed a second major drop of 18% in car sales to 22,370 units in April 2022, as the much awaited impact of restrictions imposed on car financing in September and increase in rate of taxes on…
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SBP reserves dip $190m to $10.3b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 1.8% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 6, the foreign currency reserves held by the…
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Rs118b sought to bear cost of oil price freeze | The Express Tribune
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[ad_1] ISLAMABAD: The Petroleum Division is seeking allocation of Rs118 billion to bear the cost of freezing petroleum prices, which have surged in the global market due to the Russia-Ukraine war. The government has projected subsidy claims of Rs336 billion…
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9.5% inflation forecast ‘unrealistic’ | The Express Tribune
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[ad_1] ISLAMABAD: The government has expressed its reservations about the initial projection of single-digit inflation in the next fiscal year, as it slowly starts taking stock of the situation amid soaring consumer prices in the country. The economic advisory wing…
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Grain-forage rice to improve land utilisation | The Express Tribune
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[ad_1] BEIJING: Since Pakistan started importing Chinese high-yield rice seeds, the growers that used to produce 40 to 50 mounds now produce 100 mounds, said Karachi Chamber of Commerce and Industry (KCCI) Vice President Shamsul Islam Khan. “Rice production in…
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Establishment of solar parks proposed | The Express Tribune
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[ad_1] ISLAMABAD: There is a need to exploit the renewable energy resources in order to meet the growing needs of the country. In clean energy, solar is one of the most economical, pollution-free and environment-friendly sources of energy that can…
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Vehicle export begins under new auto policy | The Express Tribune
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[ad_1] KARACHI: An automaker based in Pakistan has begun vehicle export under the new Auto Industry Development and Export Policy (AIDEP 2021-26). It has become the first auto manufacturer in Pakistan that has started exporting under the new policy. As…
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Gwadar needs urgent power supply | The Express Tribune
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[ad_1] GWADAR: Gwadar is seeking urgent arrangements for power supply to ensure robust economic growth, business ecosystem and logistic activities at Gwadar Port as well as in the Gwadar region. The demand for early supply of electricity was made at…
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Market watch: KSE-100 rebounds over ADB $2.5b loan hints | The Express Tribune
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[ad_1] KARACHI: The stock market staged a rebound on Thursday over indications that the ADB would provide $2.5 billion in loan coupled with optimism about the resumption of International Monetary Fund (IMF) loan programme, which rejuvenated investor interest. The benchmark…
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Market watch: Stocks rebound over ADB’s $2.5b loan hint | The Express Tribune
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[ad_1] KARACHI: The stock market staged a rebound on Thursday over indications that the ADB would provide $2.5 billion in loan coupled with optimism about the resumption of International Monetary Fund (IMF) loan programme, which rejuvenated investor interest. The benchmark…
