Business News
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IMF disbursement credit positive: Moody’s | The Express Tribune
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[ad_1] KARACHI: Moody’s Investors Service, a leading international credit rating agency, has said that successful completion of the International Monetary Fund’s (IMF) review of Pakistan reflects prospective improvement in the country’s institutions and governance strength. In a statement on Friday,…
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Rupee rises to 2.5-month high | The Express Tribune
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[ad_1] KARACHI: The rupee’s uptrend continued for the sixth successive day on Friday as the currency closed at a two-and-a-half-month high of Rs174.48 against the US dollar in the inter-bank market after exporters began selling the greenback. Exporters returned to…
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SBP incentivises exchange companies | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP), with the approval of the federal government, has introduced a new scheme for exchange companies under which they will receive an incentive of Re1 for each US dollar of home remittances surrendered…
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Chinese firms mull investment in Gwadar | The Express Tribune
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[ad_1] BEIJING: Chinese state-owned and private companies have expressed the desire to establish a $3.5 billion reprocessing park in Gwadar and a $350 million textile cluster near the city of Lahore. Talking to journalists, Special Assistant to Prime Minister on…
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Pakistan Oilfields’ profit soars 141% to Rs7.3b | The Express Tribune
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[ad_1] KARACHI: Pakistan Oilfields Limited’s profit skyrocketed 140.7% to Rs7.3 billion in the quarter ended December 31, 2021 due to a sharp rise in other income and an uptick in sales. According to a notice sent to the Pakistan Stock…
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Turning snow into silver | The Express Tribune
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[ad_1] BEIJING: At an ice hockey rink in the western suburbs of Beijing, a group of children under the age of 10, holding hockey sticks, enthusiastically chased a puck weighing less than 200 grams, while parents cheered through the glass…
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PM Imran finalises deals with major investment companies in China | The Express Tribune
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[ad_1] Prime Minister Imran Khan on Friday held meetings with a number of representatives of major Chinese companies, paving the way for billions of dollars worth of Chinese investment into the country. The prime minister arrived in Beijing on Thursday…
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Market watch: With profit-taking, stocks record thin gains | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed a volatile session on Friday, as market players opted to stay on the sidelines mainly owing to weak macroeconomic cues and looming uncertainty. The benchmark KSE-100 index, after oscillating within a narrow range,…
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Chinese firms interested in expanding investments in Pakistan
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[ad_1] The Chinese corporate leaders briefing Prime Minister Imran Khan about the progress of their ongoing projects in Pakistan in a virtual meeting. -Radio Pakistan BEIJING: Prime Minister Imran Khan held a series of meetings with leaders of China’s leading…
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Sanofi sees strong earnings despite COVID vaccine delay
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[ad_1] — AFP/File PARIS: French pharmaceutical group Sanofi posted strong 2021 sales on Friday and expects another good performance in 2022, as the popularity of its asthma therapy offset setbacks in developing a COVID vaccine. While Sanofi has yet to…
