Business News
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Pakistan, US to deepen trade ties | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and the United States have pledged to strengthen trade ties and business-to-business contacts to enhance the bilateral trade volume. During an inter-sessional meeting under Pakistan-United States Trade and Investment Framework Agreement (TIFA) in Islamabad on Thursday, the…
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GSP Plus boosts exports to European Union | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s exports to the European Union (EU) have surged 86% from 2013 to 2021 due to the GSP Plus status granted by the EU to the country. The mutually beneficial deal led to increase in exports of both…
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Big oil sector players ‘left out’ of key meeting | The Express Tribune
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[ad_1] ISLAMABAD: Oil marketing companies (OMCs) and refineries have complained that the Oil and Gas Regulatory Authority (OGRA) ignored major industry players in a meeting held on Wednesday. In this regard, the Oil Companies Advisory Council (OCAC) has written a…
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PM picks his aide for World Bank | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan has appointed his secretary Azam Khan as executive director of the World Bank for a term of four years by short-circuiting a process that requires interviews and tests of candidates. The government on February…
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Oil jumps more than 5% on Russia tensions
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[ad_1] The price of benchmark oil contract, Brent North Sea crude, jumped more than 5% to back above $100 per barrel after Russia rejected a ruling from the UN’s court to suspend its Ukraine offensive. Photo: AFP LONDON: Oil prices…
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Market watch: KSE-100 erases gains to close lower | The Express Tribune
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[ad_1] KARACHI: Volatility gripped the Pakistan Stock Exchange on Thursday as the benchmark KSE-100 index lost 169 points owing to a host of discouraging news reports. Growing political turbulence, with parliament inching closer to a vote on the no-confidence motion,…
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SBP reserves fall $381m to $15.83b | The Express Tribune
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[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…
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‘Be ready to lose all your money in crypto’ | The Express Tribune
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[ad_1] LONDON: Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on Thursday. “Consumers face the very real possibility of losing…
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Committee to review oil, gas imports | The Express Tribune
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[ad_1] ISLAMABAD: The Senate Standing Committee on Cabinet Secretariat has set up a three-member sub-committee to review the modalities of oil and gas imports and electricity pricing. The sub-committee will submit its report to the standing committee after due deliberations….
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Yields in secondary market increase | The Express Tribune
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[ad_1] KARACHI: The government’s cost of borrowing from commercial banks surged by 88-115 basis points on Wednesday as the financial institutions offered money for three to 10 year tenors at a higher markup rate on the outlook that the central…
