Business News
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With rupee fall, economy slows | The Express Tribune
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[ad_1] LAHORE: The external sector has started to lose steam. From July to February FY22, the trade deficit remained around $30 billion. Although the growth in merchandise exports was 28%, the import growth of around 49% aggravated the trade deficit. Despite 7.4% growth in remittances, the current account deficit came in at $12 billion. As…
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Prosperity lies in health | The Express Tribune
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[ad_1] KARACHI: When the population of a country is healthy, it makes them not only more productive, and earn more income but also enhances their happiness and collectively contributes to the socio-economic development. The Covid-19 pandemic has clearly revealed the danger of not considering health in all policies. The third Sustainable Development Goal (SDG) is…
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Iraq oil exports jump to 50 year high value | The Express Tribune
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[ad_1] BAGHDAD: Iraq exported $11.07 billion of oil last month, the highest level for half a century, as crude prices soared amid shortfall fears following Russia’s invasion of Ukraine, the oil ministry said. The second largest producer in the Organisation of the Petroleum Exporting Countries (OPEC), Iraq exported “100,563,999 barrels for revenues of $11.07 billion,…
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Ukraine’s grain exports held up | The Express Tribune
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[ad_1] KIEV: Ukraine’s railways are struggling with a backlog of grain wagons on the country’s western border as traders look for alternative export routes after Russia’s invasion blocked off the main Black Sea ports, an analyst APKInform said on Saturday. Ukraine was the world’s fourth-largest grain exporter in the 2020-21 season, according to International Grains…
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Women participation to enhance economic growth | The Express Tribune
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[ad_1] KARACHI: Neglecting women empowerment and their participation in the job market is not conducive for the economy or businesses of Pakistan, said the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh. Speaking to a delegation of women entrepreneurs on Saturday, he said that women made up 52% of Pakistan’s…
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Pakistan to benefit from Chinese poverty reduction model | The Express Tribune
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[ad_1] QINGDAO: Pakistan will benefit from China’s experience in alleviating poverty through e-commerce, according to Pakistani experts who participated in the online Seminar on South-South Cooperation in Cross-border E-commerce for Poverty Eradication and Global Sustainable Development on China’s coastal city of Qingdao. “During the training, I learned how to gradually transfer e-commerce skills in rural…
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Logistics services to begin at Gwadar | The Express Tribune
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[ad_1] GWADAR: To make Gwadar a logistic hub, the government is gearing up to put into action a mega initiative in the city for automation, standardisation and harmonisation of all logistic services related to land, air and sea routes under the Pakistan Single Window (PSW) in six months. In collaboration with the National Logistics Cell…
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Islamabad praised for FDI openness, regulatory regime | The Express Tribune
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[ad_1] KARACHI: The World Trade Organisation (WTO) has appreciated a report, prepared by the government of Pakistan, for its open and realistic assessment of the challenges faced by Pakistan and the country’s response in tackling them. The praises came during the fifth Trade Policy Review (TPR) of Pakistan which concluded on April 1, 2022. During…
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Govt to audit subsidy schemes for exporters | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to conduct an audit related to the performance of the export-oriented industry amid allegations that it was misusing the multibillion rupees given to it in form of subsidies. In a recent meeting of the Economic Coordination Committee, the issue of subsidy was presented while considering the Drawback of Local…
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Investment in tech startups soars | The Express Tribune
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[ad_1] KARACHI: The foreign investment raised by the Pakistani tech-based startups spiked nine fold to a record $176 million in the first quarter of 2022, aided by emerging proportion of tech-savvy youth that has high appetite for APP-driven products and services. Surprisingly, foreign investors overlooked the existing shortterm political and macroeconomic instability and focused on…
