Business News
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ADB raises Asia-Pacific growth forecast for 2024 to 5pc | The Express Tribune
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[ad_1] MANILA: The Asian Development Bank (ADB) on Wednesday slightly raised its 2024 growth forecast for developing Asia and the Pacific to 5 per cent from 4.9 per cent, reflecting the region’s accelerated growth in the first quarter of this…
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Cabinet places sugar price cap | The Express Tribune
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[ad_1] ISLAMABAD: The cabinet has placed a price cap on sugar to regulate its export in a bid to avoid manipulation of domestic prices. Sources informed The Express Tribune that the cabinet, chaired by Prime Minister Shehbaz Sharif, decided that…
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Moody’s warns of liquidity risks for Pakistan despite IMF agreement
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[ad_1] Signage is seen outside the Moody’s Corporation headquarters in Manhattan, New York, US, November 12, 2021. — Reuters Moody’s Ratings said on Tuesday that the new International Monetary Fund (IMF) deal will open financing avenues for Pakistan, but liquidity…
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IMF agreement boosts Pakistan’s funding prospects: Moody’s | The Express Tribune
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[ad_1] PAKISTAN: Global rating agency Moody’s on Tuesday said that Pakistan’s staff-level agreement with the International Monetary Fund (IMF) has improved the funding prospects, but the ability to sustain reforms is key to easing liquidity risks. In a press release, Moody’s…
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Reeling from electric shock consumers hit by petrol bomb | The Express Tribune
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[ad_1] ISLAMABAD: The federal government further squeezed people’s purchasing power by raising petrol and diesel prices on Monday, a day after notifying a hike in electricity tariff for both domestic and commercial consumers. According to a finance ministry notification, petrol…
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Govt hikes petrol price by Rs9.99 per litre
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[ad_1] An fuel station worker holds a petrol nozzle at a petrol pump. — Reuters The government has hiked the petrol price in the country by Rs9.99 per litre under the latest fortnightly review of the fuel rates. Moreover, the…
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PSX hits fresh peak on IMF deal | The Express Tribune
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[ad_1] Pakistan Stock Exchange (PSX) skyrocketed to an all-time high on Monday in a robust rally driven primarily by Pakistan’s agreement with the International Monetary Fund (IMF) on a $7 billion Extended Fund Facility (EFF) at the weekend as well…
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Industrialists demand forensic audit of IPPs | The Express Tribune
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[ad_1] KARACHI: Local traders and industrialists have lodged a strong protest against the supply of expensive electricity and demanded a forensic audit of independent power producers (IPPs) as well as revision of their contracts. At a press conference at the…
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IMF deal boosts PSX to historic peak
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[ad_1] Stock brokers watch share prices during a trading session at the Pakistan Stock Exchange (PSX) in the Provincial Capital on February 13, 2024. — Online KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Monday after the…
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Petrol prices set for major hike from tonight | The Express Tribune
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[ad_1] ISLAMABAD: The government is poised to increase petroleum product prices from July 16, with petrol expected to go up by Rs7.67 per litre, high-speed diesel by Rs3.72 per litre, and kerosene by Rs2.73 per litre. According to Express News,…
