Business News
-
Pakistan to roll out 5G by April 2023 | The Express Tribune
.
[ad_1] ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has prepared a policy framework aimed at rolling out 5G and advanced technology for it will be available by April 2023, said PTA Chairman Amir Azeem Bajwa. “PTA has developed a framework and it will be made available after successful trials of the next generation wireless network by…
-
SBP reserves fall $289m to $16.8b | The Express Tribune
.
[ad_1] KARACHI: The foreign exchange reserves held by the central bank dropped 1.69% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 18, the foreign currency reserves held by the SBP were recorded at $16,806.5 million, down $289 million compared with $17,095.8 million on February…
-
SEPA seals factory over failure to control pollution | The Express Tribune
.
[ad_1] KARACHI: The Sindh Environmental Protection Agency (SEPA) has sealed a factory of petrocarbon products for polluting the air by discharging harmful pollutants without any mitigation measures. According to details, Sindh Environmental Protection Agency (SEPA) Director General Naeem Mughal had earlier issued an Environmental Protection Order (EPO) to the factory situated in Bin Qasim Town.…
-
$55m penalty imposed on local bank | The Express Tribune
.
[ad_1] KARACHI: The US authorities have imposed a fine of $55 million on a local bank for alleged violation of anti-money laundering (AML) laws and repeated failure to operate its New York branch in compliance of the US laws. The US imposed the fine on the National Bank of Pakistan (NBP) on the day Prime…
-
Foreign exchange: SBP reserves fall $289m to $16.8b | The Express Tribune
.
[ad_1] KARACHI: The foreign exchange reserves held by the central bank dropped 1.69% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 18, the foreign currency reserves held by the SBP were recorded at $16,806.5 million, down $289 million compared with $17,095.8 million on February…
-
Oil exceeds $100 marks for first time since 2014 as Russia attacks Ukraine
.
[ad_1] Oil prices exceed $100 a barrel mark for the first time since September 2014. Photo: file HONG KONG: The global prices of Brent crossed $100 a barrel mark for the first time since September 2014 on Thursday and safe havens surged while equities tumbled after Russian President Vladimir Putin announced a “military operation” in…
-
Ukraine crisis batters KSE-100 index in intra-day trading | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Stock Exchange felt the heat of the geopolitical tensions on Thursday and the KSE-100 index dived close to 1,000 points in intra-day trading, fuelled by Russia’s attack on Ukraine. Ukraine Foreign Minister Dmytro Kuleba confirmed in a tweet that Russia had launched a full-scale invasion of Ukraine and Kremlin was targeting…
-
Market watch: Ukraine crisis batters KSE-100 index | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Stock Exchange felt the heat of the geopolitical tensions on Thursday and the KSE-100 index dived over 1,300 points, fuelled by Russia’s attack on Ukraine. Ukraine Foreign Minister Dmytro Kuleba confirmed in a tweet that Russia had launched a full-scale invasion of Ukraine and Kremlin was targeting cities with weapon strikes.…
-
Oil breaches $100 for first time since 2014 on Ukraine attacks | The Express Tribune
.
[ad_1] BEIJING: Oil breached $100 a barrel for the first time since 2014 on Thursday as Russia moved troops into Ukraine, sparking concerns that a war in Europe could disrupt global energy supplies. Russia has launched a full-scale invasion of Ukraine and is targeting cities with weapons strikes, Foreign Minister Dmytro Kuleba said in a…
-
OGRA chief hints at further hike in oil prices | The Express Tribune
.
[ad_1] ISLAMABAD: The National Assembly Standing Committee on Petroleum was informed on Wednesday that the prices of petroleum products might increase in the country because of unprecedented hike in the world oil prices, while two tenders for import of liquefied natural gas (LNG) were cancelled. Members of the committee, which met here with Imran Khattak…
