Business News
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Staring down the politico-economic barrel | The Express Tribune
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[ad_1] PUBLISHED April 10, 2022 ISLAMABAD: August 13th, 2021 – a day before the nation’s 74th Independence Day – a jubilant Governor State Bank of Pakistan, Dr Reza Baqir, hurriedly called a meeting with Islamabad’s economic correspondents corps just an hour before boarding a plane to Karachi. The Governor shared the ‘great news’ that Pakistan’s…
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SPI increases 1.53% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended April 7, 2022 registered an increase of 1.53% for the combined income group, going up from 171.82 points during the week ended March 31, 2022 to 174.45 points in the week under review. The SPI for the combined income group rose 17.87% compared to the…
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Oil set for weekly fall on stock releases | The Express Tribune
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[ad_1] HOUSTON: Oil prices were stable on Friday in choppy trading but remained on course for a second weekly fall after countries announced plans to release crude from their strategic stocks. Brent crude futures were up $0.07, or 0.08%, at $100.67 a barrel by 1442 GMT. US West Texas Intermediate (WTI) crude futures rose $0.3…
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Steel prices rise for second time in April | The Express Tribune
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[ad_1] KARACHI: Manufacturers in the domestic steel industry have increased the prices of steel sheets for the second time in the ongoing month of April in the wake of rupee depreciation and passed on the price pressure to the downstream industry such as automobile and home appliance segment. Flat steel industry players have hiked the…
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Industrial sector creates most jobs | The Express Tribune
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[ad_1] BEIJING: According to a recent Labour Force Survey (LFS) published by the Pakistan Bureau of Statistics (PBS), a majority of new jobs during the last three years have been created in the industrial sector. Survey findings revealed that Pakistan’s economy created a total of 5.5 million jobs during the past three years –1.84 million…
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Rupee breaks losing streak, rises Rs3.5 | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee broke a prolonged downward streak and made a sharp recovery in the inter-bank market on Friday as it gained Rs3.5 against the US dollar to close at Rs184.68 following the emergence of some political clarity in the country. According to the State Bank of Pakistan (SBP), the rupee had closed at…
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China to review new SEZ proposal | The Express Tribune
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[ad_1] ISLAMABAD: China has agreed to consider Pakistan’s request for setting up a government-owned Special Economic Zone (SEZ) aimed at reducing construction time and addressing financing issues amid Islamabad’s inability to make special zones operational. The request was made during sixth meeting of the Joint Working Group (JWG) on Industrial Cooperation on Friday. The meeting…
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PM to pass on burden of POL price hike to next govt | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan on Friday rejected an increase in the prices of petroleum products, passing on this burden to the upcoming government. The Petroleum Division had tabled a proposal of increasing oil prices to do away with the price differential claims that had been going up. The issue was taken up during…
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Food prices hit record high in March | The Express Tribune
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[ad_1] PARIS: World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the UN food agency said on Friday. The Food and Agriculture Organisation’s (FAO) food price index, which tracks the most globally traded food commodities, averaged…
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Sustainable bond issuance takes hit | The Express Tribune
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[ad_1] WASHINGTON: Global sustainable bond issuance slowed faster than the broader market in the first quarter, hit by a surge in market volatility after Russia invaded Ukraine and tightening monetary policy around the world. The slowdown followed record issuance of bonds linked to environmental or social goals in 2021, data from Refinitiv showed. Total issuance…
