Business News
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Crude jumps, stocks slip, rouble crashes to record low | The Express Tribune
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[ad_1] TOKYO: Crude oil jumped while the rouble plunged nearly 30% to a record low on Monday after Western nations imposed tough new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT global payments system. Safe-haven demand boosted bonds along with the dollar and yen while the euro sank…
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Russia hikes key interest rate to 20% | The Express Tribune
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[ad_1] MOSCOW: The Russian central bank on Monday raised its key interest rate to 20% from 9.5% to counter risks of rouble depreciation and higher inflation. Russia has also ordered companies to sell 80% of their foreign currency revenues, the central bank and the finance ministry said. The central bank also announced a slew of…
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Energy Efficiency and Conservation Policy | The Express Tribune
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[ad_1] ISLAMABAD: The National Energy Efficiency and Conservation Authority (Neeca) has released a draft of energy efficiency and conservation policy for the review and comments of stakeholders. The subject of energy efficiency and conservation (EE&C) is not new in Pakistan. Neeca’s precursor Enercon was formed in 1987, which received a lot of USAID technical support…
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Let ghost and cloud kitchens thrive | The Express Tribune
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[ad_1] KARACHI: While glancing through your Facebook newsfeed, you must have seen posts about home-made food items that may be delivered to you, should you order on phone or WhatsApp – or on their Facebook pages. These posts are actually the modern version of traditional kitchen services that have existed for a long time. You…
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All is not good with rice exports | The Express Tribune
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[ad_1] KARACHI: There’s good news about rice exports. And there is bad news as well. In the first seven months of current fiscal year, ie between July 2021 and January 2022, the overall rice export earnings rose to about $1.287 billion from around $1.158 billion in the year-ago period. This, of course, is good news.…
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Cost of welfare policy | The Express Tribune
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[ad_1] ISLAMABAD: Welfare is an elusive term. Politicians talk about welfare all the time and seek votes on the basis of providing welfare to the masses. There is a popular concept of a welfare state, which supposedly can take care of the masses, say through the provision of unemployment allowance or subsidies or food. However,…
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Normalising trade with India | The Express Tribune
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[ad_1] ISLAMABAD: “Trade with India is the need of the hour and beneficial to both countries … it should open now,” so the PM Adviser on Commerce Abdul Razak Dawood declared last week. About a year ago, he took some practical steps in that direction when he got the Economic Coordination Committee of the cabinet…
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Pak-Afghan trade volume shrinks to $1b | The Express Tribune
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[ad_1] KARACHI: A report of the Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has expressed serious concerns over the “shrinking” trade volume from $2.5 billion to $1 billion between the two countries. “Lack of business-friendly policies, absence of proper barter trade mechanisms, ineffective investment and joint venture policies apart from unnecessary pressure and action…
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EU wants implementation of new laws under GSP Plus | The Express Tribune
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[ad_1] LAHORE: As a prerequisite for implementation of new regulations for nations availing the GSP Plus status, the European Union (EU) parliament wants enhanced monitoring and inspection, revealed Special Representative of EU for Human Rights Eamon Gilmore. In a meeting with All Pakistan Business Forum (APBF) President Syed Maaz Mahmood on Saturday, the EU official…
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SBP further eases housing finance | The Express Tribune
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[ad_1] KARACHI: The government has further relaxed the rules for housing finance and allowed individual buyers to obtain loans for residential units in projects under development. “In order to further facilitate buyers of housing units in under construction projects, the requirement of builder/ developer to avail construction financing is being relaxed,” said the central bank…
