Business News
-
Myanmar junta approves sale of Telenor subsidiary to Lebanon’s M1
.
[ad_1] In this file photo taken on September 26, 2014, a man uses a mobile phone in front of a Telenor advertising board in Yangon. Myanmar’s junta has approved the sale of Norwegian telecoms giant Telenor’s Myanmar subsidiary to Lebanon’s…
-
Wheat support price jacked up to Rs2,200 | The Express Tribune
.
[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday increased the wheat support price by nearly 13% to Rs2,200 per 40 kilogrammes for the new crop and allowed nearly Rs79 billion more subsidies to farmers and to…
-
IMF terms Fed tightening appropriate | The Express Tribune
.
[ad_1] The US Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does bring risks for emerging market countries dependent on dollar funding, IMF spokesman Gerry Rice said on…
-
Japan parts makers halt operations | The Express Tribune
.
[ad_1] TOKYO: Japan’s Renesas Electronics Corp, Murata Manufacturing, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country’s northeast, the latest blow to the global supply chain. Even as Japan’s dominance…
-
Looming oil crisis perturbs senators | The Express Tribune
.
[ad_1] ISLAMABAD: The Senate Standing Committee on Petroleum has expressed apprehension about the looming diesel crisis in the country, advising the government to take timely measures in order to prevent any such calamity. In a meeting held on Thursday to…
-
SBP reserves fall $381m to $15.83 billion | The Express Tribune
.
[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 2.35% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 11, the foreign currency reserves held by the…
-
Rupee slides below 180 against dollar | The Express Tribune
.
[ad_1] KARACHI: The rupee continued to lose ground against the US dollar as it depreciated to a historic low of Rs180.07 in the inter-bank market on Thursday. According to the State Bank of Pakistan (SBP), the Pakistani rupee had closed…
-
Oil surges 7% to over $100 | The Express Tribune
.
[ad_1] Oil prices climbed about 7% on Thursday, continuing a series of wild daily swings, as the market rebounded from several days of losses on renewed focus on supply shortages in coming weeks due to sanctions on Russia. Oil benchmarks…
-
FDI creeps up 6% in Jul-Feb | The Express Tribune
.
[ad_1] Foreign direct investment (FDI) in different sectors of Pakistan’s economy rose 6% to $1.26 billion in the first eight months (July-February) of current fiscal year. According to data released by the State Bank of Pakistan (SBP) on Thursday, the…
-
SBP projects economic slowdown | The Express Tribune
.
[ad_1] KARACHI: The State Bank of Pakistan (SBP) has voiced fear that surging global crude oil prices will pose a threat to the country’s economic activities, which could slow down. However, the central bank expressed confidence that a flexible rupee-dollar…
