Business News
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Should IMF define Pakistan’s economic policies? | The Express Tribune
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[ad_1] ISLAMABAD: The latest IMF Country Report on Pakistan is out, and $1 billion are in. The report’s language is largely critical and cautionary. Whether one agrees with the IMF programme or not, one thing is clear – Pakistan’s economic direction, policy discussions and targeted reforms are all driven by the agreement with the IMF.…
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US F-22 fighter jets arrive in UAE following Houthi attacks | The Express Tribune
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[ad_1] DUBAI: U.S. F-22 fighter jets arrived at an air base in the United Arab Emirates (UAE) on Saturday following a spate of unprecedented attacks in Abu Dhabi by Houthi fighters in Yemen, the U.S. Air force said on Saturday. In recent weeks, the Iran-aligned Houthis have waged a string of largely failed strikes on…
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Flexible approach needed in unwinding stimulus: ECB | The Express Tribune
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[ad_1] PARMA, ITALY: The European Central Bank (ECB) will keep a flexible approach as it unwinds its ultra-expansionary monetary policy, monitoring not only inflation threats but also risks of uneven financing conditions across euro zone countries, a top policymaker said. ECB Governing Council member Ignazio Visco told a conference that the impact of the energy…
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Food import bill topped $8 billion last year | The Express Tribune
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[ad_1] ISLAMABAD: The country imported wheat, sugar, cotton, edible oil and other agricultural commodities worth $8 billion last year, a subcommittee of the NA Special Committee on Agricultural Products was informed. The subcommittee met with its convenor Shandana Gulzar in the chair. Farrukh Ansari, a consultant, stressed the need for working hard on livestock and…
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Uncertainty in cryptocurrencies to persist | The Express Tribune
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[ad_1] NEW YORK: Investors are bracing for more gyrations in bitcoin and other cryptocurrencies, as worries over a hawkish Federal Reserve threaten to squelch risk appetite across markets. The volatility traditionally associated with cryptocurrencies has been on full display in recent weeks. Bitcoin , the largest cryptocurrency, is up by around 33% since January 24…
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KSE-100 rises in roller coaster week | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange endured a roller coaster ride in the outgoing week and the KSE-100 index remained volatile due to a host of positive and negative newsflows. As a result, the stock market shed 170 points, or 0.37%, to close at 46,079 level. “The week started on a dim note as six…
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AJK PM invites investment in region | The Express Tribune
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[ad_1] ISLAMABAD: Azad Kashmir offers plenty of investment opportunities to the businessmen in tourism, mines and minerals, hydel power and other sectors, said Azad Jammu and Kashmir (AJK) Prime Minister Sardar Abdul Qayyum Niazi. Speaking to the business community at the Islamabad Chamber of Commerce and Industry (ICCI) on Saturday, he urged local investors to…
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Steel sector joint venture set to restart production | The Express Tribune
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[ad_1] ISLAMABAD: A joint venture firm in Pakistan’s steel sector is prepared to resume production after overcoming initial difficulties. Alhaj Steel is the largest private sector joint venture in the steel industry and the ownership is shared between HEBEI Xingang Iron and Steel Group of China and Alhaj Group of Pakistan. The joint venture has…
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Geopolitical unrest feared to lift petrol price to Rs200-225 | The Express Tribune
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[ad_1] KARACH: The acceleration in international geopolitical tensions over the Ukrainian crisis sent the international Brent oil price surging by 5% to sevenand-half-year high at $95 per barrel on Friday. If Russia invades Ukraine, as being speculated by the US, then the petrol price would spike to Rs200-225 per litre in Pakistan. The next three…
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Tax receipts from POL items jump 72% | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has raised over Rs287 billion in indirect taxes from petroleum products during the first seven months of the current fiscal year -up by 72%, indicating that petroleum products still remain a key source for revenue generation. The taxes were collected from July to January of fiscal year…
