Business News
-
Pakistan, China join hands for agri-mechanisation | The Express Tribune
.
[ad_1] SUZHOU: Slow adoption of mechanisation technology has been a key reason for low yields and inefficiencies in agriculture in Pakistan, resulting in lower profit for farmers, said Dr Muhammad Waqar Akram, a lecturer in the Department of Farm Machinery…
-
Charter of Economy missing from EAC terms of reference | The Express Tribune
.
[ad_1] KARACHI: Welcoming the establishment of the Economic Advisory Council (EAC), the business advocacy group Pakistan Business Council (PBC) has pointed out that ministers of commerce and industries have not been included in the board and it also lacks representatives…
-
SBP injects Rs4.1tr into financial market | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s central bank has supplied a record Rs4.09 trillion to commercial banks for a short period of seven days to address the liquidity crunch, as the domestic financial market has dried up after lending most of the available…
-
Industrialists demand steps to tackle power shortfall | The Express Tribune
.
[ad_1] ISLAMABAD: Industrialists and businessmen have voiced concern over the growing power crisis as the shortfall has shot up to 6,000 to 7,000 megawatts and have urged the government to take urgent measures to overcome the shortage as it will…
-
Govt signals growth slowdown | The Express Tribune
.
[ad_1] ISLAMABAD: The Ministry of Finance said on Friday that economic growth was slowing down to 4%, as the economy confronted inflation risks and external sector pressures, endorsing the viewpoint that had long been held by the international lenders. In…
-
PSX falls on monetary tightening fears | The Express Tribune
.
[ad_1] KARACHI: Despite a positive start, the Pakistan Stock Exchange failed to sustain the bullish momentum in the outgoing week and succumbed to profit-taking primarily owing to the dismal macroeconomic cues. Jittery investors mainly stayed on the sidelines on concerns…
-
Saudi Arabia may cut June crude prices | The Express Tribune
.
[ad_1] SINGAPORE: Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous month as Covid lockdowns curbed demand in China, the world’s biggest crude importer, traders…
-
Russia makes last-gasp dollar bond payments | The Express Tribune
.
[ad_1] MOSCOW: Russia made what appeared to be a late U-turn to avoid default on Friday, as it made a number of already overdue international debt payments in dollars despite previously vowing they would only be paid in roubles. Whether…
-
EAC lacks industry representatives | The Express Tribune
.
[ad_1] KARACHI: Businessmen have expressed their shock over the formation of Economic Advisory Council (EAC) under the leadership of Prime Minister Shehbaz Sharif without consulting the business, industry and trade community. “We have not been given representation in the council,…
-
PM to decide on SBP chief’s fate | The Express Tribune
.
[ad_1] ISLAMABAD: The Ministry of Finance has prepared two summaries for Prime Minister Shehbaz Sharif, recommending him to either give a second five-year term to State Bank Governor Dr Reza Baqir or pick one of the three names from a…
