Business News
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The struggling bus industry | The Express Tribune
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[ad_1] KARACHI: Buses are vehicles in which everybody can travel – whether rich or poor – but the former usually have their own car or luxury vehicle. Though many in Pakistan do not have enough purchasing power to buy a car, who may opt for public transport to commute, the production of buses gets little…
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Underutilising country’s resources | The Express Tribune
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[ad_1] KARACHI: Pakistan has been blessed with abundant resources but due to one reason or the other, the country could not efficiently utilise them to achieve sustainable growth and economic prosperity. The oil refining industry is a prime example of how a resource that could play a critical role in the country’s economy has been…
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Private capital investors move towards ESG adoption | The Express Tribune
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[ad_1] KARACHI: The private capital industry, consisting mainly of private equity and venture capital, has over $5 trillion in assets under management and invests in hundreds of thousands of businesses worldwide. Unlike public equities, which trade in publicly listed companies on stock exchanges all over the world, private capital investors engage in mergers, acquisitions and…
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How to steer out of BOP crisis? | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economy is once again stuck in a balance of payments (BOP) crisis primarily due to swelling import payments and debt repayments, which demand extraordinary and immediate measures to get rid of the quagmire instead of looking at the IMF for rescue. The government is engaged in talks with the International Monetary Fund…
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Xi warms up China’s economy, but virus narrows options
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[ad_1] Chinese President Xi Jinping. Photo: AFP/file BEIJING: President Xi Jinping has offered state backing for tech, infrastructure and jobs to revive China’s economy, but analysts warn growth will continue to wilt until Beijing drops its rigid virus controls. Two and a half years since the coronavirus first emerged in Wuhan, China is the…
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Only 3 CPEC projects in Gwadar completed | The Express Tribune
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[ad_1] ISLAMABAD: Of the one dozen China-Pakistan Economic Corridor schemes, including water supply and electricity provision, worth $2 billion under way in Gwadar, only three projects having a value of over $300 million have been completed. According to the CPEC Authority, the progress review of the projects revealed that all the schemes having socio-economic…
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CDNS issues Rs955b worth of fresh bonds | The Express Tribune
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[ad_1] ISLAMABAD: The Central Directorate of National Savings (CDNS) on Saturday got closer to its annual target by issuing Rs955 billion fresh bonds in the last 10 months of current fiscal year 2021-22 from July 1 to May 5. CDNS has set the annual gross receipt target at Rs980 billion for the full fiscal year…
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US gas prices at highest since 2008 | The Express Tribune
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[ad_1] LONDON: US gas prices have surged to the highest level in real terms since the financial crisis in 2008 as strong demand for LNG from buyers in Europe and Asia puts pressure on inventories. Front-month futures for gas delivered to Henry Hub in Louisiana are trading at almost $9 per million British thermal units,…
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Tech firm set to sell 17% shares | The Express Tribune
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[ad_1] KARACHI: A tech firm, which develops software (mostly) for overseas markets, is up for selling 16.67% shareholding in the company to individuals and institutional investors in order to raise a minimum of Rs1.05 billion at the Pakistan Stock Exchange (PSX) next week. The growth company, Coeus Solutions Limited, is scheduled to start bidding at…
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Economic stability key concern: Ismail | The Express Tribune
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[ad_1] ISLAMABAD: The government is strictly committed to ensuring financial discipline through effective and farsighted policies for enhancing the overall growth of the country, remarked Federal Minister for Finance and Revenue Miftah Ismail. In a meeting with a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday, the minister underlined…
