Business News
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Foreign exchange: SBP reserves soar $1.61b to $17.34b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank surged 10.23% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 4, the foreign currency reserves held by the…
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Oil rises on falling US stockpiles but Iran talks weigh | The Express Tribune
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[ad_1] LONDON: Oil prices rose on Thursday after rallying on an unexpected drop in US crude inventories in the previous session, as investors awaited the outcome of US-Iran nuclear talks that could add crude supplies quickly to global markets. Brent…
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Tarin indicates rise in petroleum product prices
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[ad_1] ISLAMABAD: Finance Minister Shaukat Tarin hinted at a further increase in petroleum product prices in the coming days, saying that the government cannot keep fuel rates artificially low. Speaking on the Geo News Programme, “Aaj Shahzaib Khanzada Kay Saath”,…
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MSCI to add Pakistan to FM 100, FM 15% Country Capped index | The Express Tribune
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[ad_1] KARACHI: The Morgan Stanley Capital International (MSCI) has announced to add Pakistan into MSCI Frontier Markets 100 and MSCI Frontier Markets 15% Country Capped indexes in May as global investors showed willingness to invest in local businesses. On Thursday,…
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Inflation-hit govt employees get 15% bump in salary | The Express Tribune
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[ad_1] ISLAMABAD: Acting hours before the employees were poised to stage a protest demonstration, the federal government on Wednesday acceded to increasing their salary packages of grade-1 to grade-19 employees by 15%, but excluded about five-dozen departments that are already…
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Saindak project lease extended for 15 more years | The Express Tribune
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[ad_1] ISLAMABAD: The government on Wednesday approved revised terms of the Saindak Gold and Copper Mine project — a joint venture between Pakistan and China — and extended the lease period for another 15 years to extract metals from the…
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Premier focuses on industrialisation | The Express Tribune
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[ad_1] FAISALABAD: The government is focusing on bringing ease of doing business and attracting investment to promote industrialisation in the Special Economic Zones (SEZs), remarked Prime Minister Imran Khan. In a meeting with office-bearers of the Faisalabad Chamber of Commerce…
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Budget gap widens 33% in July-December | The Express Tribune
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[ad_1] ISLAMABAD: The government on Wednesday revealed the country’s fiscal health, confirming that the federal budget deficit in the first half of current fiscal year shot up to Rs1.85 trillion, up 33% compared to the same period of previous year….
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PR mulls switching to locally made components | The Express Tribune
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[ad_1] LAHORE: Federal Minister for Railways Azam Khan Swati has expressed his commitment to switch over to locally manufactured components of locomotives instead of spending huge foreign exchange on the import of these parts from different countries. Talking to a…
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Incentives under study for 5G auction | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has notified the constitution of an advisory committee for the approval and inclusion of incentives in the budget for fiscal year 2022-23 to facilitate the auction of 5G technology. The government has set a deadline…
