Business News
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Local company signs LNG agreement with Chinese firm | The Express Tribune
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[ad_1] ISLAMABAD: The transition to liquefied natural gas (LNG) from diesel and oil is the correct way forward for Pakistan in terms of making the shift to renewables, remarked Daewoo Gas Chief Executive Officer Shahid Karim. He was speaking during…
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Traders foresee smooth return of stability in country | The Express Tribune
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[ad_1] KARACHI: Pakistan has always succeeded in overcoming political and economic crises from time to time and once again, the country will return to the path of progress and prosperity, said Businessmen Group Chairman Zubair Motiwala. While hosting diplomats on…
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Minister calls for ending menace of ‘own-money’ on cars | The Express Tribune
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[ad_1] ISLAMABAD: The local car assemblers have reimbursed Rs4 billion to the customers on account of late delivery of vehicles under the Automotive Industry Development and Export Plan 2021-26. The late delivery of cars has been a common practice by…
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US notifies power scheme in Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The United States (US) announced on Friday to commence a four-year $23.5 million project in Pakistan to steer efficiency in the power sector. The project aims to increase the share of green energy in Pakistan’s energy mix, United…
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Asia prices down on soft demand | The Express Tribune
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[ad_1] LONDON: Asian spot liquefied natural gas (LNG) prices were down this week on softer Spring demand but further downside is limited as Asian buyers are expected to start to return to the market. The average LNG price for June…
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Great scope of Sino-Pak PV cooperation | The Express Tribune
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[ad_1] With the inauguration of the solar grid station, traders in Jandola Bazaar will begin to obtain uninterrupted, cheap and clean energy, said shopkeeper Muhammad Khan Mehsood. Pakhtunkhwa Energy Development Organisation (PEDO) is constructing solar mini-grid stations (photovoltaic solar system)…
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Market watch: Stocks drop again in absence of positivity | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed another dull trading session on Friday, as the benchmark KSE-100 index declined by around 100 points to close the fifth consecutive session in the red. Bears took complete control over the bourse throughout…
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Defence minister says law giving SBP autonomy to ‘definitely’ be reversed
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[ad_1] PML-N leader and Defence Minister Khawaja Asif — AFP/File ISLAMABAD: PML-N stalwart and Defence Minister Khawaja Asif has reiterated reservations over the autonomy that the previous government granted to the State Bank of Pakistan (SBP) during its tenure. In…
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ECB for ending bond purchases | The Express Tribune
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[ad_1] FRANKFURT: The European Central Bank should end its stimulus programme in July and could raise interest rates in the same month, in September or later, ECB Vice President Luis de Guindos said in an interview published on Thursday. The…
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SBP reserves rise $36m to $10.89b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank increased 0.33% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On April 16, the foreign currency reserves held by the…
