Business News
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China sets lowest GDP target since 1991
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[ad_1] China sets its lowest GDP target in since 1991 over ‘grave and uncertain’ outlook. Photo: AFP BEIJING: China set its annual GDP growth target at 5.5% for 2022 on Saturday, making it the lowest target since 1991, as Premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a…
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SPI increases 0.04% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended March 3, 2022 registered an increase of 0.04% for the combined income group, going up from 170.47 points during the week ended February 24, 2022 to 170.53 points in the week under review. The SPI for the combined income group rose 15.23% compared to the…
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PM for timely incentivising freelancers, IT firms | The Express Tribune
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[ad_1] Prime Minister Imran Khan has directed the authorities concerned to ensure the provision of incentives and facilities announced by the government for freelancers and information technology industry within the set time frame. Chairing a meeting on Friday to review the incentives being provided to the IT industry, the premier underlined that the government was…
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Electronics segment demands amnesty scheme | The Express Tribune
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[ad_1] LAHORE: Businessmen have urged the government to expand the scope of the recently announced amnesty scheme for industrialists and demanded inclusion of the electronics sector as well. They have lamented that the issues under the Afghan Transit Trade, such as smuggling, have dented the electronics industry of Pakistan. In a press conference on Friday,…
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Cross-border trade fair to boost China-Pakistan bond | The Express Tribune
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[ad_1] BEIJING: In the field of global cross-border e-commerce, “we have always been committed to playing the role of bridge and link, especially in emerging markets like Pakistan”, said Beijing Guanrui Technology Company CEO Zhang Na. As the organiser of the second China Cross Border E-commerce and New E-commerce Exhibition (CBEC), she made the remarks…
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Indus Motor Company hikes car prices by 18-21% | The Express Tribune
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[ad_1] KARACHI: Indus Motor Company (Toyota) has increased prices of several models of its completely built-up (CBU) units by Rs1.16-2.28 million following a jump in freight cost and international commodity prices. Speaking to The Express Tribune, Topline Securities analyst Sunny Kumar said that the company hiked prices of cars in the range of 18-21%. The…
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Body formed to review oil policy | The Express Tribune
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[ad_1] ISLAMABAD: The Cabinet Committee on Energy (CCOE) on Friday grilled the Petroleum Division for tabling the petroleum policy for amendment, asking why it was seeking changes in the document which had already been approved. However, the cabinet body constituted a committee for reviewing the petroleum policy in a bid to ramp up oil and…
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Financial screws turned on Russia | The Express Tribune
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[ad_1] LONDON: Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities and some insurers withdrew cover from exporters over Moscow’s invasion of Ukraine. Banks, investors and insurers have in recent days ratcheted up that pressure by exiting investments in Russia and halting the provision…
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Plastic industry on the rise | The Express Tribune
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[ad_1] FAISALABAD: Increased use of plastic in industrial and domestic sectors has transformed it to a full-fledged industry, which will become the second-largest sector of the economy after textile, remarked Faisalabad Chamber of Commerce and Industry (FCCI) President Atif Munir Sheikh. Speaking at the annual general meeting of the Faisalabad Plastic Association on Friday, he…
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Oil gains 3% as Ukraine conflict offsets Iran supply hopes | The Express Tribune
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[ad_1] NEW YORK: Oil climbed about 3% on Friday in a volatile session as the disruption of Russian exports from Western sanctions outweighed hopes for more Iranian supply if Washington reaches a nuclear deal with Tehran. Prices have soared over the past week after the United States and allies sanctioned Russia following its invasion of…
