Business News
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Oil hits 14-year highs on Russia oil ban talk | The Express Tribune
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[ad_1] Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded. Brent crude reached $139.13 a barrel and US West Texas Intermediate (WTI) hit $130.50…
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Market sees no change in policy rate | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Tuesday to announce the key policy rate for the next six weeks to maintain balance between inflation reading and economic growth. In late January 2022, the State Bank of Pakistan (SBP) hinted at maintaining the status quo in policy rate at 9.75% (from March onwards).…
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Women face barriers to financial services | The Express Tribune
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[ad_1] KARACHI: Women’s participation in financial services has remained low due to persistent barriers such as cumbersome documentation requirements, proximity to bank branches and availability of suitable products, said State Bank of Pakistan (SBP) Governor Reza Baqir. Speaking at an event titled “Asaan Digital Account: Breaking Barriers” on Monday, Baqir said that such problems together…
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Auto industry projects rapid growth | The Express Tribune
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[ad_1] ISLAMABAD: The automobile companies of Pakistan have projected sharp growth owing to reduction in age of earning in Pakistan on the back of rapid digitalisation. “On average, the first paycheck was received by the previous generation at the age of 27 but now, the threshold has declined to 21 years, thanks to the opportunities…
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ECC approves Rs303b extra budget | The Express Tribune
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[ad_1] ISLAMABAD: The government on Monday approved Rs303 billion in supplementary budget to pay for the cost of temporary reduction in electricity and petroleum prices, its expensive loan venture and Ramazan relief package. The Economic Coordination Committee (ECC) of the cabinet approved the reduction in electricity prices by Rs5 per unit for four months for…
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Inflation, jobs continue to remain top concerns | The Express Tribune
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[ad_1] ISLAMABAD: After three-and-a-half-year rule of Pakistan Tehreek-e-Insaf (PTI) government that came to power on the promise of creating 10 million jobs, unemployment has remained the second-biggest concern for the Pakistanis after inflation, according to a new opinion poll. Unemployment and inflation have been the top issues of concern for the Pakistanis consistently since August…
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Envoy stresses need for enhancing trade with Niger | The Express Tribune
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[ad_1] ISLAMABAD: Africa is an emerging continent with a consumer market of over 1.2 billion and Pakistani business community should focus on Niger to widen its access to the African market for trade and exports, said Pakistan’s Ambassador to Niger Ahmed Ali Sirohey. Interacting with the business community at the Islamabad Chamber of Commerce and…
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Global shares sink owing to supply chain fears | The Express Tribune
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[ad_1] NEW YORK: Global shares sank on Monday as the risk of a US and European ban on Russian crude imports threatened supply chains and heaped further inflationary pressure on economies worldwide. Nickel soared 30%, gold broke through $2,000 an ounce and wheat jumped to a 14-year high, as industrial buyers and traders scrambled to…
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Survey shows improvement in country’s business climate | The Express Tribune
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[ad_1] ISLAMABAD: Foreign investors are largely positive on several parameters related to the business climate of Pakistan, said Overseas Investors Chamber of Commerce and Industry (OICCI) Secretary General Ghias Khan. Presenting the results of Perception and Investment Survey 2021 on Monday, he added that the case for business growth potential and opportunities in Pakistan was…
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Oil spikes to $139 on talks about Russia oil ban, Iran deal delay | The Express Tribune
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[ad_1] LONDON: Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded. In the first few minutes of trade Brent crude reached $139.13 a barrel…
