Business News
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Foreign exchange: 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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Pakistani rupee continues to be on slippery ground, hits new historic low
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[ad_1] A currency dealer counting Rs1,000 notes while a stack of $100 is placed Photo: file KARACHI: The Pakistani rupee on Thursday broke all previous records against the US dollar and dropped to an all-time low of Rs191.75 in the…
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Pakistan exports its first SUV class vehicle | The Express Tribune
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[ad_1] KARACHI: Pakistan has exported its first vehicle – made by Master Changan Motors – under the new Auto Industry Development and Export Policy (AIDEP 2021-26), according to a press release issued by the company on Thursday. The press release stated that…
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MedznMore raises over $11.5m in investment | The Express Tribune
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[ad_1] MedznMore, a tech-based health care company, has raised more than $11.5m in investment in a pre-series A round, according to a press release issued by the company. It is the largest investment in health tech to date. The company…
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Toyota warns profit to skid 20% | The Express Tribune
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[ad_1] TOKYO: Toyota Motor warned “unprecedented” hikes in raw material costs could slice a fifth off full-year profit, a clear sign the world’s top automaker by sales can no longer shrug off the supply chain crunch that has roiled the…
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Oil up as Russia gas flow falls | The Express Tribune
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[ad_1] Oil prices jumped almost 5% on Wednesday after plunging nearly 10% in the previous two sessions, buoyed by supply concerns as flows of Russian gas to Europe fell and the European Union worked on gaining support for a Russian…
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Tech firm cancels book-building process | The Express Tribune
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[ad_1] KARACHI: A software company, operating in Pakistan and Germany, has announced to cancel its book-building process for the listing at Growth Enterprise Market (GEM) board at the Pakistan Stock Exchange (PSX). The announcement from Coeus Solutions on Wednesday came…
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Govt to give fertiliser subsidy directly to farmers | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to pay fertiliser subsidy directly to farmers through the Ministry of National Food Security and provincial governments in an effort to reduce prices, which have skyrocketed and led to less-than-required consumption. Di-ammonium phosphate (DAP)…
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Indonesia insists on taking trade to new peak | The Express Tribune
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[ad_1] PESHAWAR: This is the right time to increase bilateral trade between Pakistan and Indonesia to a new peak, remarked Indonesian Ambassador to Pakistan Adam M Tugio. In a meeting with Sarhad Chamber of Commerce and Industry (SCCI) on Wednesday,…
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Committee formed to probe causes of cyberattacks | The Express Tribune
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[ad_1] ISLAMABAD: All government departments should shift their data to a safe and secure system of National Telecommunication Corporation (NTC), said Federal Minister for IT and Telecommunication Syed Aminul Haque. Pakistan has faced cyberattack on the networking side of NTC….
