Business News
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Envoy lauds growth in Pakistan, Indonesia trade | The Express Tribune
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[ad_1] KARACHI: The value of bilateral trade between Indonesia and Pakistan soared to a record level of $3.9 billion in 2021 despite the outbreak of Covid-19 pandemic, revealed Indonesian Consul-General in Karachi Dr June Kuncoro Hadiningrat. Speaking at a business-to-business…
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Punjab cancels 125 industrial plots | The Express Tribune
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[ad_1] ISLAMABAD: The government of Punjab has cancelled around 125 industrial plots that had been allotted in the country’s largest industrial estate for establishment factories but remained vacant. This has created resentment among big tycoons who claim that start of…
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S&P cuts ratings of Russia, Ukraine | The Express Tribune
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[ad_1] WASHINGTON: Russia’s invasion of Ukraine triggered a flurry of credit rating moves on Friday, with S&P lowering Russia’s rating to ‘junk’ status, Moody’s putting it on review for a downgrade to junk, and S&P and Fitch swiftly cutting Ukraine…
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India’s Reliance to take on 200 Future stores | The Express Tribune
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[ad_1] NEW DELHI: India’s top retailer, Reliance, will take on at least 200 Future Retail stores after the company failed to make lease payments for them to Reliance, two people with direct knowledge of the matter told Reuters on Saturday….
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Govt committed to uplifting economy: Punjab minister | The Express Tribune
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[ad_1] LAHORE: The government aims to provide maximum facilities to the business community in order to uplift the economy as a whole, said Punjab Chief Minister’s Coordinator for Business and Trade Affairs Nasir Bashir Salman. In a meeting with office-bearers…
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Ukraine invasion roils KSE-100 | The Express Tribune
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[ad_1] KARACHI: A turbulent week was witnessed at the Pakistan Stock Exchange as escalation of geopolitical tensions, with Russia launching an invasion into Ukraine, pummeled the bourse. Moreover, spike in global oil price and widening of current account deficit to…
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Ethiopia to open embassy in Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: A full-fledged embassy of Ethiopia will be opened in Pakistan soon to promote trade and economic relations between the two countries, announced Ethiopian Minister of State for Foreign Affairs Redwan Hussain Rameto. Talking to businessmen at the Islamabad…
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Glitch in IRIS portal perturbs businessmen | The Express Tribune
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[ad_1] KARACHI: Industrialists have voiced concerns over the glitches in the Federal Board of Revenue’s (FBR) IRIS portal, citing that they were not able to file the sales tax returns. The FBR had extended the date to file the sales…
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Industry hints at looming diesel shortage | The Express Tribune
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[ad_1] ISLAMABAD: The oil industry has set off alarm bells after it warned about an imminent diesel crisis in the wake of stock depletion and the RussiaUkraine conflict. In a recent meeting of the National Price Monitoring Committee (NPMC), Finance…
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Wage hike will lift inflation: Baqir | The Express Tribune
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[ad_1] ISLAMABAD: The government’s plan to provide solace to the inflationbitten segments of society faces execution challenges, as the central bank governor has warned about further rise in inflation by over 2% due to increase in minimum wages. The proposal…
