Business News
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Growth may slow down to 4.5%: Baqir | The Express Tribune
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[ad_1] ISLAMABAD: State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Thursday that economic growth may slow down to around 4.5% in current fiscal year and inflation and current account deficit would remain the two key challenges. “We…
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Turkey’s inflation surges to two-decade high of 48.7% | The Express Tribune
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[ad_1] ISTANBUL: Turkey’s annual inflation soared to a 20-year high of 48.69% in January, data showed on Thursday, fuelled by the push for unorthodox interest rate cuts and a resulting crash in the currency late last year. Consumer prices jumped…
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Traders seek extension in cash-on-counter facility | The Express Tribune
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[ad_1] PESHAWAR: Traders have urged the government to extend the cash-on-counter facility for the next six months in order to conduct bilateral trade with Afghanistan and other regional countries in a smooth manner. In a meeting held by the Sarhad…
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Govt aids agri-research to boost productivity | The Express Tribune
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[ad_1] ISLAMABAD: The government is using all its resources to provide maximum facilities to farmers as it seeks to increase the agricultural production, said Federal Minister for National Food Security and Research Syed Fakhar Imam. During his visit to the…
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Umar forecasts $8.5b export growth | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s exports during the current fiscal year 2021-22 are estimated to grow $8.5 billion against the previous year, which will be higher than the total growth in exports in 10 years of the previous governments, announced Planning Minister…
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Tax breaks for choppers likely | The Express Tribune
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[ad_1] ISLAMABAD: The government is likely to offer tax incentives to the private sector for the manufacturing of helicopters and their parts in a new proposed chopper policy. The Civil Aviation Authority (CAA) has proposed that the government should eliminate…
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In a first, UAE discovers offshore gas reserves
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[ad_1] The United Arab Emirates announces the discovery of the first gas reserves from its offshore exploration. Photo: AFP ABU DHABI: The United Arab Emirates on Thursday announced the discovery of the first gas reserves from its offshore exploration concessions…
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Foreign exchange: SBP reserves fall $463m to $15.73b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell 2.86% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 28, the foreign currency reserves held by the…
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Market watch: KSE-100 turns bearish despite IMF’s go-ahead | The Express Tribune
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[ad_1] KARACHI: Bears returned to the bourse on Thursday as the KSE-100 index dropped 256 points despite the approval of $1 billion loan tranche by the International Monetary Fund (IMF). Late on Wednesday, the global lender allowed the revival of…
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Oil prices take a breather, OPEC+ sticks to output plans | The Express Tribune
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[ad_1] LONDON: Oil prices fell on Thursday amid profit-taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude was down $0.52, or 0.5%, at $88.95 a barrel at 1450 GMT, after rising…
