Business News
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Sesame seed exports to China surge 190% | The Express Tribune
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[ad_1] BEIJING: Pakistan’s sesame seed export to China surged to $42.88 million in the first two months of 2022, showing a growth of 190.48% on a year-on-year basis. According to General Administration of Customs of China (GACC), China imported 28,662.66 tons of sesame seeds worth $42.88 million, marking an increase of 141.37% by volume, while…
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E-banking shows rapid growth in Q2 | The Express Tribune
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[ad_1] KARACHI: The use of electronic banking (e-banking) in Pakistan continued to expand as it recorded a growth of 10.7% in volume and 22.8% in value of transactions during the second quarter (October-December) of fiscal year 2021-22 on a quarter-on-quarter basis. In its second quarterly report on payment systems for fiscal year 2021-22 released on…
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People suffer as gas crisis persists | The Express Tribune
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[ad_1] KARACHI: Industries and households have continued to face gas outages for more than five months, though the peak crisis time (winter season) has passed. During winter, demand for gas rises significantly and authorities manage shortfall by diverting the fuel mainly to the households. “For the first time in the history of Pakistan, businesses and…
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Russia may be in default, says Moody’s | The Express Tribune
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[ad_1] LONDON: Moody’s said Russia may be in default because it tried to service its dollar bonds in roubles, which would be one of the starkest consequences to date of Moscow’s exclusion from the Western financial system since President Vladimir Putin’s invasion of Ukraine. If Moscow is declared in default, it would mark Russia’s first…
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BMW CEO warns against electric-only strategy | The Express Tribune
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[ad_1] NEW YORK: BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars. “When you look at the technology coming out, the EV push, we must be…
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Covid curbs spark shipment delays | The Express Tribune
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[ad_1] SHANGHAI/TAIPEI: Shipments of some Apple products, as well as Dell and Lenovo laptops are likely to face delays if China’s Covid-19 lockdowns persist, analysts said, as curbs force assemblers to shut down and closed-loop arrangements get harder to maintain. China’s race to stop the spread of Covid-19 has jammed highways and ports, stranded workers…
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Oil firms secure injunctions to stop protests | The Express Tribune
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[ad_1] LONDON: Three firms involved in Britain’s oil sector, including ExxonMobil, have secured injunctions to stop protests by climate change activists which have caused widespread disruption this month, the government said on Friday. Environmental groups such as Extinction Rebellion and Just Stop Oil have been staging daily protests in London and across the country which…
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Asian markets drop after Wall Street retreat | The Express Tribune
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[ad_1] SEOUL: Asian markets dipped Friday after a negative lead from Wall Street, with investors around the world worried about surging inflation. Central banks in several major economies including the United States, Canada and Britain have already started raising interest rates to contain prices, but the European Central Bank on Thursday kept its stimulus plans…
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PM Shehbaz turns down proposed increase in fuel prices | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Friday turned down proposed increase in fuel prices up to Rs51 per litre effective from April 16, 2022. Oil and Gas Regulatory Authority (Ogra) had proposed increase in price of diesel by Rs51.32 per litre (35.7%), petrol Rs21.30 per litre (14.2%), kerosene oil Rs36.03 per litre (28.7%) and…
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Govt jacks up power tariff by Rs4.8, maintains fuel prices | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Friday turned down proposed increase in fuel prices up to Rs51 per litre effective from April 16, 2022. Oil and Gas Regulatory Authority (Ogra) had proposed increase in price of diesel by Rs51.32 per litre (35.7%), petrol Rs21.30 per litre (14.2%), kerosene oil Rs36.03 per litre (28.7%) and…
