Business News
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Market watch: Stocks rally as current account deficit shrinks | The Express Tribune
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[ad_1] KARACHI: Bulls staged a comeback at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index, after staying in the green zone throughout the day, gained 200 points and started the week on a positive note. However, the trading volume and value remained thin mainly due to the prevailing scepticism on the domestic…
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Saudi ‘not responsible for any oil shortage’ after Houthi attacks | The Express Tribune
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[ad_1] RIYADH: Saudi Arabia said it would not bear responsibility for any shortages in oil supplies to global markets in light after recent attacks by Yemen’s Iran-aligned Houthis on Saudi oil facilities, Saudi state news agency (SPA) reported on Monday. The Houthis fired missiles and drones at Saudi energy and water desalination facilities, causing a…
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Effects of US rate hike | The Express Tribune
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[ad_1] ISLAMABAD: As widely expected, the United States central bank, the Federal Reserve (Fed), has hiked the benchmark interest rate by 25 basis points (0.25 percentage point) in a bid to tame inflation. It is for the first time since December 2018 that Fed has raised the lending rate. Since the outbreak of Covid-19 in…
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Anatomy of multi-pronged hybrid war: case of Ukraine | The Express Tribune
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[ad_1] ISLAMABAD: When we think of hybrid warfare, our mind often wanders into imagining advanced surveillance technologies from TV series such as ‘Mission Impossible’ or ‘Spycraft’ – depicting intriguing instances of espionage and reconnaissance. So, the current debate on hybrid warfare is also somewhat contained by this tendency of Hollywood to portray it as the…
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Olive story – how to harness potential? | The Express Tribune
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[ad_1] TUNIS: Tunisian city famous for olives and olive oil where I was invited by one of the world’s largest producers of organic olive to visit their mill and processing facilities. In about 20 years since its formation, the company has achieved global leadership with annual production touching 50,000 tons of olive oil. There is…
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Vote of no confidence in stock market | The Express Tribune
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[ad_1] KARACHI: top of their voices about the mouthwatering valuations at the stock market for quite some time, however, it seems no one is paying any heed to the calls. Faisal Shaji, Chief Strategist at Standard Capital Securities, also agrees that many attractive deals are currently available in the market, but he anticipates a lacklustre…
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Repercussions of Ukraine conflict | The Express Tribune
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[ad_1] ISLAMABAD: is a significant bilateral trade partner of Pakistan – in 2020 together, they accounted for less than $1 billion out of our total trade of about $68 billion. Nevertheless, the conflict would have a significant effect on our economy. The reason is that export restrictions on Russia and supply disruptions from Ukraine are…
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Poland proposes total EU ban | The Express Tribune
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[ad_1] WARSAW: Poland has proposed to the European Union that the bloc impose a total ban on trade with Russia, Prime Minister Mateus Morawiecki said on Saturday, urging tougher sanctions on Moscow for its invasion of Ukraine. “Poland is proposing to add a trade blockade to this package of sanctions as soon as possible, (including)…
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Gansu to share agricultural expertise with Pakistan | The Express Tribune
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[ad_1] Gansu Academy of Agricultural Sciences (GAAS) and the Islamia University of Bahawalpur (IUB) discussed a roadmap for boosting agricultural cooperation in the future, with advanced Chinese technologies to be transferred to Pakistan. Gansu and Pakistan share similarities in climate, crop types and environment. According to Gansu Academy of Agricultural Sciences Vice President Fan Tinglu,…
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Baqir stresses expanding scope of housing finance | The Express Tribune
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[ad_1] ISLAMABAD: The State Bank of Pakistan’s (SBP) Mera Pakistan Mera Ghar (MPMG) scheme aims to provide affordable housing solutions to lower and middle income groups of the country, said State Bank of Pakistan Governor Dr Reza Baqir. Speaking during an awareness session held in Faisalabad to enhance the outreach of the scheme on Saturday,…
