Express
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Industrialists seek role in trade policymaking | The Express Tribune
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[ad_1] OUR CORRESPONDENT: The Lahore Chamber of Commerce and Industry (LCCI) on Monday pressed the government to grant industry status to the packaging and corrugated sector, terming it a vital business whose significance has grown with the advancement of technology. The business community should also be taken on board while formulating policies for trade and…
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SBP leaves key policy rate unchanged at 15% | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank left its key policy rate unchanged at 15% for the next seven-week on Monday, as it revised down projection for economic growth to 2% for current fiscal year 2023. “The existing monetary policy stance (at 15%) strikes an appropriate balance between managing inflation and maintaining…
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Pakistan for ‘roadmap’ to offset economic ‘shocks’ | The Express Tribune
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[ad_1] UNITED NATIONS: Pakistan, speaking for the Group of 77 (developing countries) and China, has called for a clear roadmap to overcome the recent series of “shocks” to the world economy, including the deadly coronavirus pandemic and the spike in commodities prices, that have disproportionately impacted the poorest countries. “The unequal impacts have been accompanied…
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Stocks climb up on China loan rollover | The Express Tribune
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[ad_1] KARACHI: Bulls dominated trading at the Pakistan Stock Exchange (PSX) during the outgoing week with four sessions closing in the green. Investors’ buying interest revived as soon as China agreed to refinance a $2.24 billion loan. Investors took fresh positions as the week began with positive news that the government was engaged in talks…
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Dollar to fall below Rs200, says Dar | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar said on Saturday that the rupee had been regaining strength against the dollar and the dollar would fall below Rs200, because it had gone beyond its real value. Talking to a private TV channel, the finance minister said the country’s macroeconomic indicators had surely lots of problems but the…
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World Bank to provide $2 billion in flood relief to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank has announced a $2 billion fund to eke out the reconstruction of infrastructures and rehabilitation of millions of flood victims across Pakistan. World Bank Country Director Najy Benhassine announced the decision during a meeting with Finance Minister Ishaq Dar in Islamabad on Saturday, saying the funds will be allocated from…
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Academics urge cut in interest rate | The Express Tribune
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[ad_1] KARACHI: Opposing a further hike in the central bank’s benchmark interest rate, academics have urged a decrease to make liquidity affordable for businesses. The continuous hike has increased the quantum of interest payments on the country’s ever-growing debt. The interest rate has remained a catalyst for the rise in inflation readings in the country…
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Stocks snap bullish streak over Moody’s | The Express Tribune
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[ad_1] KARACHI: A four-day winning streak ended at the Pakistan Stock Exchange on Friday as a Moody’s report sparked concerns among investors, who remained cautions while trading stocks. The rating agency downgraded Pakistan’s credit rating to Caa1 from B3. The stock market expected further deterioration in the economic outlook of the country. Despite pessimism, the…
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Electricity consumers to get ‘relief in bills from next month’ | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Power Khurram Dastgir said on Friday that the electricity consumers would be given relief in fuel adjustment charges (FAC) in next month’s electricity bills. Speaking in the National Assembly, the minister said the reduction in oil prices in the international market and appreciation of the rupee against the dollar has…
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ECC to set wheat support price, Senate panel told | The Express Tribune
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[ad_1] ISLAMABAD: The wheat support price would be approved in the next meeting of the Economic Coordination Committee (ECC), the Senate Standing Committee on National Food Security and Research was informed on Thursday. The committee which met here with its chairman Syed Muzaffar Shah in the chair, formed a sub-committee to investigate the issue of…
