Business News
-
WB wants end to ‘unsustainable’ energy subsidies | The Express Tribune
.
[ad_1] ISLAMABAD: The World Bank has made improved economic growth projections for Pakistan but sees deterioration in the external debt repayment capacity and called for urgent measures to avoid risks of running large fiscal and current account deficits. The Washington-based…
-
Strategies to increase remittance flows through formal channels
.
[ad_1] A currency exchange dealer holds dollars in his hands. Photo: AFP/File While marking the 72nd national day of Pakistan, the country’s envoys celebrated the contribution of overseas Pakistanis sending remittances back to the homeland. It is indeed with great…
-
Oil prices extend gains | The Express Tribune
.
[ad_1] LONDON/NEW YORK: Oil prices extended gains on Wednesday after Moscow said peace talks with Ukraine had reached a dead end, feeding worries about tight supplies even after US crude stocks rose by more than 9 million barrels. Brent crude…
-
PTA renews mobile operator licence for $486m | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan Telecommunication Authority (PTA) has renewed the licence of a mobile network operator that committed the highest-ever investment in the telecom sector. According to a statement, Pakistan Mobile Communication Limited (PMCL) – commonly known as Jazz – got…
-
Chinese auto firm to unveil first model by month end | The Express Tribune
.
[ad_1] KARACHI: Recently, Chery Automobile Company Limited completed the body shop trials for its Tiggo series, which is the company’s first body trial out and assembly trial out in Pakistan. This means that Chery’s first model will complete its standard…
-
K-P signs Rs7.2b deal with banks | The Express Tribune
.
[ad_1] PESHAWAR: An agreement of Rs7.2 billion has been inked for the speedy completion of Khyber Pakhtunkhwa energy projects, said Khyber-Pakhtunkhwa Minister for Finance and Health Minister Taimur Saleem Jhagra. “For the first time, the projects will be funded by…
-
Tech company enters PSX GEM board | The Express Tribune
.
[ad_1] KARACHI: An IT and telecommunication company has successfully raised equity financing worth Rs475 million by auctioning 18.81% stake to institutional and rich individual investors at thePakistan Stock Exchange (PSX). Supernet Limited sold a total of 21.11 million shares at…
-
Diesel set to rise above Rs200 | The Express Tribune
.
[ad_1] ISLAMABAD: The price of diesel is set to cross Rs200 per litre for the first time in history on the back of soaring crude oil prices in the global market and sharp depreciation of the rupee against theUS dollar….
-
IMF hopes to mobilise $45b for new trust | The Express Tribune
.
[ad_1] WASHINGTON: The International Monetary Fund hopes to mobilise around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF…
-
Rice export to China rises 3.9% in Jan-Feb | The Express Tribune
.
[ad_1] BEIJING: Pakistan’s rice export rose by 3.9% to $132.59 million in the first two months of this year, according to the General Administration of Customs of China (GACC). During the first two months (Jan-Feb) of 2022, bilateral trade has…
