Business News
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PM Imran rejects proposed hike in petroleum prices | The Express Tribune
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[ad_1] Prime Minister Imran Khan on Monday rejected the proposed hike in the prices of petroleum products to save people from the extra burden, said an official statement released by the PM’s office. According to the communiqué, the premier rejected the summary to increase the price of petrol by Rs11 per litre and the price…
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Stocks rebound but head for worst January since 2016 | The Express Tribune
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[ad_1] LONDON: Stocks staged a modest rebound on Monday as traders put aside concerns about interest rate rises and the crisis in Ukraine to dip back in, but global equities are still headed for their worst January since 2016 after a bruising month. The rise in European shares follows a late surge on Wall Street…
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Pakistan to seek loans from Russia, China, Kazakhstan
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[ad_1] Islamabad is planning to spend $2 billion on the ML-1 Railways project while $3 billion from China will be used to strengthen dwindling forex reserves. -File photo ISLAMABAD: The federal government has decided to seek $5 billion in loans from China, Russia and Kazakhstan as the country make desperate efforts to stabilise forex reserves,…
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Divine law in mortal hands | The Express Tribune
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[ad_1] Islamic finance is underpinned by ethical and socially responsible business practices that vouches for fairness and transparency in business transactions and equity while taking care of the underprivileged. Mainly, in the Islamic finance industry, Islamic banks channelise their resources and support business in a market segment that is expected to grow to $2.5 trillion.…
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To invest or not to invest | The Express Tribune
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[ad_1] KARACHI: About a week ago, at a social event I faced a rhetoric question of where do I see the equity market in the new year. Am I still in the camp of stable market for the next few quarters and a rally at the fag end of year 2022? I answered nonchalantly that…
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External vulnerability takes economy back to stabilisation | The Express Tribune
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[ad_1] LAHORE: Gone are the days when trade balance ended in surplus in Pakistan. From July to December 2021, the trade deficit crossed $21 billion. Although the growth in merchandise exports was 29%, the import growth of around 57% aggravated the trade deficit. Despite 11.2% growth in remittances, the current account deficit (CAD) turned out…
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Russia-Ukraine conflict may jolt Pakistan’s economy | The Express Tribune
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[ad_1] KARACHI: Pakistan’s geopolitical (mis)alignments have serious repercussions on its economic wellbeing. Since the house is not in order yet, we’ve always had hand-holding, even during our relatively better economic years. Gone are the days, again. Getting cozy with China under the Belt and Road Initiative (BRI) has taken a breather and the abrupt Afghan…
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Inflation and money supply | The Express Tribune
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[ad_1] KARACHI: Inflation is one of the most important macroeconomic phenomena these days. Globally speaking, inflation has peaked in almost all economies due to supply disruptions with the Consumer Price Index (CPI) at historic highs in the US and UK. Pakistan is also facing the inflation challenge. Inflation control is one of the two main…
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Islamabad eyes $3b loan from Beijing | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has set its sight on a loan to the tune of $3 billion from China to stabilise its dwindling foreign exchange reserves and also seeks an investment bonanza in half a dozen sectors during the visit of Prime Minister Imran Khan to Beijing next week. Government sources said that in addition to…
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CPEC opens doors to Pak-Kyrgyz trade expansion | The Express Tribune
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[ad_1] ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) has opened doors for expansion of trade between Pakistan and Kyrgyzstan, WealthPK reported. The two countries have had long-standing cultural, religious and economic ties. Kyrgyzstan won independence in 1991, unlocking a new era for Pakistan-Kyrgyzstan relations. Pakistan recognised Kyrgyzstan almost immediately, and official diplomatic ties were established in…
