Business News
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Senate passes crucial SBP bill amid Opposition’s protest ahead of IMF review
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[ad_1] Federal Minister for Finance and Revenue Shaukat Tarin tabling a motion seeking permission to introduce SBP bill in Senate on January 28, 2022. — Twitter/@SenatePakistan The upper house of the Parliament on Friday passed the controversial State Bank (Amendment)…
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Market watch: Stocks close flat on economic uncertainty | The Express Tribune
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[ad_1] KARACHI: Uncertainty shrouded the Pakistan Stock Exchange on Friday and a mixture of bullish and bearish sentiment led to a flat close of the benchmark KSE-100 index on last trading day of the week. While the market cheered the…
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Oil heads for sixth weekly gain amid supply concerns | The Express Tribune
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[ad_1] LONDON,: Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up $0.63, or 0.7%, at $89.97 a barrel by 1013 GMT, having hit $91.04…
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NFL’s Odell Beckham Jr. took his $750,000 salary in bitcoin — how much did that end up costing him?
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[ad_1] Los Angeles Rams wide receiver Odell Beckham Jr. made headlines last November when he announced he would be converting his 2021 salary into bitcoin. The problem for Beckham: that bitcoin BTCUSD, +0.81% prices have been plummeting. Cryptocurrencies including bitcoin…
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US banks look forward to growth | The Express Tribune
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[ad_1] NEW YORK: US banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the US economy expands and the Federal Reserve prepares to raise interest rates for the first time in…
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Employers urged to support EOBI | The Express Tribune
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[ad_1] FAISALABAD: Employers, employees and government should make sincere and collaborated efforts to continue the welfare scheme, offered by the Employees’ Old-Age Benefits Institution (EOBI), in a sustainable manner, EOBI Chairman Shakeel Ahmed Mangnejo emphasised. Speaking to the business community…
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Rupee stable against dollar | The Express Tribune
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[ad_1] KARACHI: The rupee remained unchanged against the US dollar to Rs176.98 in the inter-bank market on Thursday compared with Wednesday’s close of Rs176.98, according to the State Bank of Pakistan (SBP). On December 29, 2021 the rupee hit an…
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SBP reserves fall $846m to $16.19b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell 4.96% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 21, the foreign currency reserves held by the…
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Persistent gas crisis vexes industrialists | The Express Tribune
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[ad_1] KARACHI: Industrialists of Karachi have lambasted the government over lack of action towards the resolution of the issue of gas scarcity. They cited that businessmen had faced colossal financial and production losses in the last 66 days due to…
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Sino-Pak cooperation to boost wheat output | The Express Tribune
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[ad_1] KUNMING: The production of wheat, Pakistan’s most important crop, is expected to rise with Sino-Pak cooperation, according to China’s Yunnan Academy of Agricultural Sciences (YAAS). “Yunnan and Pakistan have similarities in climate, wheat variety characteristics, cultivation conditions, confronted with…
