Business News
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Downside risks for Pakistan remain exceptionally high: IMF | The Express Tribune
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[ad_1] Downside risks for the economy remain exceptionally high, the International Monetary Fund (IMF) said on Friday, in its staff report, ahead of government talks with the fund on a longer-term programme. An International Monetary Fund mission is expected to…
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Solar panel prices further decline in Pakistan
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[ad_1] This image shows workers installing a solar panel in Jiuquan, Gansu province. — Reuters. KARACHI: Amid a declining trend in rates internationally and ample supply in the local market, the prices of solar panels have further declined in Pakistan,…
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IMF support team in Pakistan to discuss next bailout package
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: A mission of the International Monetary Fund (IMF) has landed in Pakistan to discuss a new…
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BRICS countries to stop trading in US dollar, plans to introduce new currency
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[ad_1] Doubts in US dollar begin to seep in as new currency comes to the rescue. — Watcher Guru/File The BRICS countries which include, Brazil, Russia, India, China, and South Africa are set to meet for its annual summit in…
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Fly Jinnah launches Islamabad-Muscat flights today | The Express Tribune
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[ad_1] KARACHI: Fly Jinnah is launching flights for its new international route between Islamabad and Muscat in Oman on Friday (today). Before the departure of the maiden flight, a special cake-cutting ceremony will be held in the lounge of Islamabad…
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Nintendo breaks up with Elon Musk’s X
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[ad_1] Elon Musk’s X is “too” expensive for Nintendo. — Nintendo/File Nintendo can’t take Elon Musk’s X, formerly known as Twitter, API fees anymore. Starting on June 10, direct integration from Switch’s image album to X will no longer function,…
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SBP forex reserves reach over $9bn fuelled by fresh IMF tranche
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[ad_1] An undated image of a currency dealer holding a stack of $100 notes. — AFP/File KARACHI: After a recent inflow of $1.1 billion from the International Monetary Fund (IMF), the State Bank of Pakistan’s (SBP) foreign exchange reserves have…
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April remittances reach $2.8 billion, second highest in FY23-24 | The Express Tribune
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[ad_1] KARACHI: Pakistan received the second-highest workers’ remittances of the ongoing fiscal year 2023-24 at $2.8 billion in April 2024, contributing to the improvement of the country’s foreign exchange reserves and supporting stable rupee-dollar parity. The State Bank of Pakistan…
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PSO proposes swapping debt for stake in public sector companies | The Express Tribune
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[ad_1] KARACHI: Pakistan State Oil (PSO), the country’s largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting debt it is owed by firms such…
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PSO ‘in talks’ with govt to acquire stakes in public sector energy companies
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[ad_1] A man drinks water from a cooler at a Pakistan State Oil petrol station in Peshawar, on October 2, 2017. —Reuters KARACHI: The Pakistan State Oil (PSO), the country’s largest oil marketer, says it is in talks with the…
