Business News
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Oil inches closer to $100 | The Express Tribune
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[ad_1] Oil rose to its highest since 2014 on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, tempered by a declaration from Germany’s Chancellor that the nation would not certify the $11 billion Nord Stream 2 pipeline. Germany put the certification of the Nord Stream 2 gas pipeline from Russia on…
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Oil reaches almost $100 a barrel for first time since 2014 amid Russia-Ukraine escalation
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[ad_1] Oil prices have reached almost $100 a barrel for the first time since 2014 amid tensions between Russia and Ukraine. — AFP HONG KONG: The global price of Brent crude hit its highest since September 2014 on Tuesday amid rising tensions between Russia and Ukraine. As per the details, crude was up $3.48, or…
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Market watch: Stocks fall as global crude oil rises | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange extended losses on Tuesday, as jittery investors took cue from the global equities’ sell-off amid rising geopolitical tensions that lifted international crude oil prices. The benchmark KSE-100 index, in the absence of any positive triggers, stayed in the red zone throughout the session. Index heavyweight sectors, mainly technology and cement,…
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Oil hits highest since 2014 on Russia-Ukraine escalation | The Express Tribune
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[ad_1] LONDON: Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are pushing prices to near $100 a barrel. The United States and its European allies are poised to announce new sanctions against…
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WAPDA chairman laments decline in water availability | The Express Tribune
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[ad_1] LAHORE: The per capita water availability in the country has dropped to an alarming level of 908 cubic metre per annum which has added Pakistan to the list of water-scarce countries, said Water and Power Development Authority (Wapda) Chairman Muzammil Hussain. Giving a briefing to a delegation of PAF Air War College, Karachi on…
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Country set to become net phone exporter | The Express Tribune
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[ad_1] KARACHI: Pakistan’s telecom sector is witnessing a paradigm shift and as a result the country is on its way to become a net exporter of handsets from being an importer at present. Foreign shipments of mobile phones, which began last year, are contributing to the economy in terms of foreign exchange earnings, employment generation…
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Smuggled goods perturb FMCG sector | The Express Tribune
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[ad_1] LAHORE: The fast moving consumer goods (FMCG) companies in Pakistan have stated that smuggled or illegally imported products from Iran were posing significant threat to their profits and sales. They highlighted that such goods cost half as much as locally available ones and their availability was increasing on the back of climbing inflation reading.…
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K-P executing 34 foreign-funded projects | The Express Tribune
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[ad_1] ISLAMABAD: A total of 34 foreign-funded projects worth $3.65 billion are being implemented by the government of Khyber-Pakhtunkhwa (K-P), revealed Economic Affairs Division (EAD) Secretary Mian Asad Hayauddin. In a meeting chaired by Federal Minister for Economic Affairs Omar Ayub Khan on Monday, the EAD secretary pointed out that the Asian Development Bank (ADB),…
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Pharma sector gets tax incentives | The Express Tribune
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[ad_1] ISLAMABAD: The government has approved a tax incentive package for the active pharmaceutical ingredient (API) industry to give a boost to its growth and ensure it is on a par with the industries in India, China and Bangladesh. Earlier, the Prime Minister’s Office told the ministries and divisions concerned that PM Imran Khan desired…
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Over Rs2.5b disbursed under KPP | The Express Tribune
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[ad_1] ISLAMABAD: The Kamyab Pakistan Programme (KPP) is a milestone project that has massive potential to transform lives of the lower strata of society, remarked Federal Minister for Finance and Revenue Shaukat Tarin. Presiding over a meeting of the Steering Committee on Kamyab Pakistan Programme on Monday, the minister was informed that the scheme was…
