Business News
-
ECC gives nod to procure 4.5m MT more wheat | The Express Tribune
.
[ad_1] ISLAMABAD: The government on Monday decided to procure an additional 4.5 million metric tonnes of wheat, including three million metric tonnes from abroad, and also allowed continuation of subsidies on essential edible items to cushion low-income people against soaring inflation. The Economic Coordination Committee (ECC) of the Cabinet took the decision for more procurements…
-
Germany, Qatar at odds | The Express Tribune
.
[ad_1] LONDON: Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract, three people familiar with the discussions told Reuters. Germany, which aims to cut its carbon emissions by 88% by 2040, is reluctant to commit to Qatar’s…
-
Govt to address tractor industry woes | The Express Tribune
.
[ad_1] LAHORE: Federal Minister for Industries and Production Syed Murtaza Mahmud Monday promised to discuss the issues being faced by the tractor industry with relevant ministries so as to resolve them at the earliest. He held a meeting with Millat Group Chairman Sikander Mustafa Khan, Chief Executive Officer Irfan Aqueel and senior directors at the…
-
PM for simplifying banking system | The Express Tribune
.
[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Monday stressed for simplifying the process of the banking system and making it easier in order to facilitate consumers. The prime minister stated this in a meeting with Finance Minister Miftah Ismail, which was also attended by Habib Bank President Muhammad Aurangzeb, Chief Secretary Punjab, and other senior…
-
NTDC directed to speed up work on projects | The Express Tribune
.
[ad_1] LAHORE: Minister for Energy (Power Division) Khurram Dastgir Khan visited the NTDC headquarters at the Wapda House on Monday. NTDC Managing Director Manzoor Ahmad gave a detailed presentation on the overview of NTDC and the progress on ongoing projects. The minister was apprised that NTDC operated as a reliable transmission system and efficiently evacuated…
-
RDA inflows continue to rise, cross $4b | The Express Tribune
.
[ad_1] KARACHI: Foreign currency inflows on account of Roshan Digital Accounts (RDAs) from overseas Pakistanis have continued to rise, as they surpassed the $4 billion mark in April 2022, despite global political and economic instabilities – including Pakistan. RDA inflows increased $245 million to $4.17 billion in April 2022, Arif Habib Limited (AHL) reported, citing…
-
Rupee drops by Rs0.90 against US dollar | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency maintained its downturn on the second consecutive working day, as it freshly dropped 0.48% (or Rs0.90) to hit the second lowest historic-level of Rs187.53 against the US dollar in the inter-bank market on Monday. In the past two days, the local currency cumulatively dropped by 1% (or Rs1.84) as compared to…
-
Cement sales drop 29% in April | The Express Tribune
.
[ad_1] LAHORE: Total cement dispatches declined by 28.7% to 3.52 million tons in April 2022 as compared to 4.94 million tons dispatched during the same month of previous fiscal year. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches by the industry during April 2022 were 3.37 million tons…
-
$30b treasure trove useless | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan received $35 billion worth of information from the Organisation for Economic Cooperation and Development (OECD) and nearly $30 billion treasure trove turned out to be not actionable amid complaints of misuse of data by the taxmen. Sources told The Express Tribune that in certain cases where the information was not having any…
-
Oil prices tumble over 5% | The Express Tribune
.
[ad_1] NEW YORK: Oil prices sank over 5% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook. Brent crude fell $5.92, or 5.3%, to $106.47 a barrel at 1706 GMT. US West Texas Intermediate crude fell $6.16, or 5.6%, to $103.61 a barrel. Both…
