Business News
-
NCOC to be closed soon amid drop in COVID-19 positivity rate: Faisal Sultan
.
[ad_1] Special Assistant to the Prime Minister on National Health Services Dr Faisal Sultan. — PID/file ISLAMABAD: As the government’s effective measures are bearing fruit and the COVID-19 positivity rate has dropped below 2%, the government has decided to close down the National Command and Operations Centre (NCOC) soon, revealed Special Assistant to the Prime…
-
Weekly review: Soaring oil prices drag KSE-100 index down by 898 points
.
[ad_1] A person stanidng in front of a scren at the stock exchange. — AFP/File KARACHI: Amid looming uncertainty on the political front and rising oil prices in the international market, the bears regained control of the Pakistan stock market in the outgoing week, droving the index back into the negative territory. The benchmark KSE-100…
-
Biden’s crypto order ‘major step for blockchain use, payments’ | The Express Tribune
.
[ad_1] ANKARA: US President Joe Biden’s executive order this week is a major step for the use of blockchain and payment systems, according to one expert. “The Biden Administration has taken a major step in directing an ordered approach to consideration of the use of blockchain technology, central bank digital currency (CBDC) and related developments…
-
Russia seeks Indian investment in its oil and gas sector | The Express Tribune
.
[ad_1] NEW DELHI: Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Russia’s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow’s…
-
Impasse with IMF over PM’s tax amnesty | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan on Friday could not break its impasse with and the International Monetary Fund (IMF) over Prime Minister Imran Khan’s tax amnesty scheme and his Rs246 billion relief package. However, the finance ministry said the global lender had agreed to extend talks for another day. The negotiations could not be concluded by…
-
War and inflation threaten world economy
.
[ad_1] — AFP/File PARIS: The world economy’s fragile recovery from the COVID-induced crisis is now threatened by Russia’s war in Ukraine and soaring commodity prices. Here are four questions regarding the risks to global GDP: Will growth stall? “The war happened right at a time when Europe and the US had a recovery that was…
-
SPI increases 0.52% | The Express Tribune
.
[ad_1] The Sensitive Price Indicator (SPI) for the week ended March 10, 2022 registered an increase of 0.52% for the combined income group, going up from 170.53 points during the week ended March 3, 2022 to 171.41 points in the week under review. The SPI for the combined income group rose 16.49% compared to the…
-
Oil rises as traders assess supply issues | The Express Tribune
.
[ad_1] BENGALURU: Oil prices rose Friday but were still headed for a weekly decline as traders weighed headlines around Russia and Iran suggesting more possible supply disruptions, versus those promising remedies in a tight market. Benchmark futures have soared since Russia’s invasion of Ukraine and hit their highest levels since 2008 at the start of…
-
World Bank okays $435m loans for Punjab | The Express Tribune
.
[ad_1] ISLAMABAD: The World Bank has approved three loans totaling $435 million for the housing sector in Punjab, said the local office of the lender on Friday – the day Prime Minister Imran Khan once again blamed his political rivals for sinking the country into foreign debt. The World Bank’s board of executive directors approved…
-
Lawlessness in Karachi perturbs business community | The Express Tribune
.
[ad_1] KARACHI: The business community has expressed serious concern over the growing menace of land grabbing amid a deteriorating law and order situation in Karachi. Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees underlined that land grabbing activities were again on the rise, particularly in District West, Malir district, Scheme 33 and Jamshoro…
