Business News
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Punjab to receive cheaper gas | The Express Tribune
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[ad_1] ISLAMABAD: Punjab, the gas-starved province, is set to receive cheaper gas supplies after the Senate on Thursday passed a bill for applying the weighted average cost of gas (Wacog). In addition, the law will help the government to reduce…
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Foreign exchange: SBP reserves fall $241m to $17.09b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank declined 1.4% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 11, the foreign currency reserves held by the…
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Market watch: Stocks extend losses over inflation concerns | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange extended losses on Thursday as the KSE-100 index shed 244 points, driven by pessimism over fuel price hike coupled with announcement of poor corporate results by some companies. The market was reeling from the sharp…
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China needs to be ‘more active’ in G20 debt relief effort: Yellen
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[ad_1] In this file photo taken on November 03, 2021 US Treasury Secretary Janet Yellen delivers a speech at the opening of Finance Day at the COP26 UN Climate Summit in Glasgow. — AFP/File WASHINGTON: US Treasury Secretary Janet Yellen…
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Exports projected to hit $38 billion | The Express Tribune
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[ad_1] KARACHI: Pakistan’s exports of goods and services will exceed $38 billion in the ongoing fiscal year, which is for the first time in the country’s history, projected Trade Development Authority of Pakistan (TDAP) Chief Executive Arif Ahmad Khan. In…
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Petroleum imports touch record high | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s petroleum import bill hit a record high of $11.69 billion in the first seven months (July-January) of current fiscal year 2021-22 mainly due to a surge in energy prices in the global market and partly due to…
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SBP expands scope of Export Finance Scheme | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has enhanced the scope of Export Finance Scheme (EFS) – both conventional as well as Shariah based, allowing exporters to obtain financing against their export proceeds through the discounting of export…
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Punjab for increasing subsidy on Kissan Cards | The Express Tribune
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[ad_1] ISLAMABAD: Punjab has requested the federal government to enhance the subsidy amount for Kissan Cards in order to achieve the target of distributing 1 million cards by the end of June 2022. The provincial government has also approved a…
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NA panel approves amended FRDL Act | The Express Tribune
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[ad_1] ISLAMABAD: A legislative panel of the National Assembly on Wednesday approved amendments to the Fiscal Responsibility and Debt Limitation (FRDL) Act to relax the condition to reduce the debt to a sustainable level for 10 years after the government…
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ADB to continue supporting Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) is committed to supporting the implementation of structural reforms in Pakistan, said ADB Public Management, Financial Sector and Trade Division Director Tariq H Niazi. In a meeting with Federal Minister for Finance and…
