Business News
-
Market mixed over cut in fuel, energy prices | The Express Tribune
.
[ad_1] KARACHI: Businessmen and industrialists have welcomed Prime Minister Imran Khan’s announcement of lowering down petroleum prices and power tariff and maintaining them at that level (revised) over the next four months. They, however, cautioned that the decision to cut the energy price was politically motivated which would worsen macroeconomic outlook of the country and…
-
Hybrid wheat expected to revolutionise agri sector | The Express Tribune
.
[ad_1] BEIJING: “We have submitted our hybrid wheat varieties to Pakistan’s government for approval,” said Guard Group CEO Malik Ali. “Once we gain approval, we will start production of hybrid wheat in Pakistan in collaboration with Beijing Academy of Agriculture and Forestry Sciences (BAAFS),” CEO of the agricultural giant said. “We hope that like hybrid…
-
With Russia-Ukraine war, inflation to rise further | The Express Tribune
.
[ad_1] KARACHI: Experts have agreed that inflation in Pakistan is expected to spike further following the Russian invasion of Ukraine. Talking to The Express Tribune, Pakistan Business Council (PBC) CEO Ehsan Malik said that Pakistan was already struggling to deal with the surge in global commodity prices and the conflict between Russia and Ukraine would…
-
FBR beats Jul-Feb tax target | The Express Tribune
.
[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) exceeded its eight-month tax collection target by Rs268 billion but narrowly avoided missing the monthly target for the third month in a row after slowing down disbursement of taxpayers’ refunds. Against the original but relatively low tax target of nearly Rs3.53 trillion, the FBR provisionally collected nearly…
-
India growth slows, govt cuts forecasts | The Express Tribune
.
[ad_1] MUMBAI: India’s growth rate slowed further in the last three months of 2021, the National Statistics Office (NSO) said on Monday as it cut its forecast for the current financial year in the face of higher oil prices and geopolitical tensions. Asia’s third-largest economy grew 5.4% year-on-year in the October to December period, NSO…
-
Malaysia keen to boost trade with Pakistan | The Express Tribune
.
[ad_1] PESHAWAR: The business community of Khyber-Pakhtunkhwa has urged the concerned authorities to simplify the visa issuance process to boost bilateral trade and economic relations between Pakistan and Malaysia. In a meeting with High Commission of Malaysia Charge D’ Affairs Deddy Faisal Ahmad Salleh on Monday, the traders called for reaping complete benefits of the…
-
Market watch: Bulls dominate as stocks make sharp recovery | The Express Tribune
.
[ad_1] KARACHI: Bulls made a spectacular comeback at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index, despite opening on a dull note, managed to soar past 44,000 points. Investors were observed cherry-picking stocks that had dropped to attractive valuations during the previous week’s bearish spell at the bourse. Earlier, the market endured…
-
Ukraine crisis: European stock markets sink at open
.
[ad_1] European stock markets sank Monday after world powers imposed fresh sanctions on Russia. Photo: AFP/file LONDON: Europe’s stock markets sank Monday after world powers imposed fresh sanctions on Russia over its invasion of Ukraine, while President Vladimir Putin put nuclear forces on a higher alert. In early deals, London’s FTSE 100 index of top…
-
Fighting Climate Change | The Express Tribune
.
[ad_1] KARACHI: Our planet is facing numerous challenges at the moment, ranging from geopolitical unrest to global poverty. The effects of climate change often take a backseat but this problem is as serious of a threat as any other. The anthropomorphic activities, since the mid-20th century, have disrupted the natural order of our planet which…
-
Oil soars as Russian energy supply fears intensify | The Express Tribune
.
[ad_1] LONDON: Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.82, or 4.9%, to $102.75 by 1028 GMT after touching a high of $105.07 a barrel in early…
