Express
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Finance Minister Aurangzeb hints at more interest rate cuts | The Express Tribune
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[ad_1] Listen to article Federal Finance Minister Mohammad Aurangzeb has indicated that there is room for further cuts in interest rates. Speaking at the Karachi Chamber of Commerce, Aurangzeb stressed the importance of macroeconomic governance for economic growth, noting that structural issues in the economy often lead to balance of payment problems when growth increases. Aurangzeb highlighted…
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Global companies face earnings challenge | The Express Tribune
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[ad_1] NEW YORK: Global companies are lowering their full-year sales and profit expectations due to higher interest rates and a weakening Chinese economy, negatively impacting consumer sentiment and diminishing the luster of recent earnings growth. Several prominent companies, including McDonald’s, Nissan, Tesla, Nestle, and Diageo, have failed to meet investor expectations. Approximately 40% of US…
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NEPRA to launch mobile app for quick resolution of electricity complaints | The Express Tribune
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[ad_1] The National Electric Power Regulatory Authority (NEPRA) has announced the launch of a new mobile application to facilitate the swift resolution of electricity complaints, an official press release said. Named “NEPRA Aasaan Approach”, the app aims to provide a user-friendly platform for consumers to report and address their electricity issues promptly. The app, which will…
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Govt proposes risky terms for PIA | The Express Tribune
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[ad_1] ISLAMABAD: The government has proposed buyer-favoured terms for the sale of majority stakes in Pakistan International Airlines (PIA), offering to accept partial purchase payments for the acquisition of majority stakes and allowing debt-funded investments over a period of three years. Under the proposed terms, the buyer will have the option to pay approximately one-third…
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SBP cuts interest rate by 100 bps to 19.5% | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) on Monday announced a one per cent reduction in the interest rate, bringing it down to 19.5 per cent. This was revealed by SBP Governor Jameel Ahmad during a media briefing following the monetary policy meeting. Ahmad stated that inflation is gradually decreasing, and the country’s economy is…
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The dawn of a multi-currency world? | The Express Tribune
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[ad_1] KARACHI: The global financial system is on the brink of a major transformation, shifting from a US dollar-dominated regime to a multi-currency system involving the Chinese yuan, Russian ruble, Indian rupee, and other currencies. This shift, driven by geopolitical tensions and strategic economic policies, signals a significant move towards de-dollarisation. Recently, the European Union…
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China approves use of local coal for three Pakistan power plants | The Express Tribune
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[ad_1] China has approved the conversion of three coal-fired power plants in Pakistan from imported coal to local coal, a significant move aimed at reducing energy costs. Sources confirmed that Finance Minister Muhammad Aurangzeb and Energy Minister Owais Leghari, currently visiting China, facilitated the agreement. The plants affected include the 1,320 MW Sahiwal Coal Power…
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Trump vows to make US the crypto capital and Bitcoin superpower | The Express Tribune
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[ad_1] US Republican presidential candidate Donald Trump laid out his plan Saturday to ensure that the US will be the crypto capital of the planet and the Bitcoin superpower of the world. “If crypto is going to define the future, I want it mined, minted and made in the USA,” he told the Bitcoin Conference…
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US senator to propose 1-million-unit Bitcoin purchase program | The Express Tribune
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[ad_1] A US senator said Saturday she would soon introduce legislation to implement a “1-million-unit Bitcoin purchase program” for a set period. The proposal by Cynthia Lummis is intended to “supercharge the U.S. dollar” by establishing a strategic Bitcoin reserve to fortify the dollar against rising inflation, and “cement U.S. leadership in the rapidly evolving…
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Petrol prices likely to fall by August 1 | The Express Tribune
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[ad_1] The prices of petroleum products in the country are expected to decrease from August 1. According to media reports, petrol prices might drop by up to Rs3 per litre, while high-speed diesel (HSD) prices could see a reduction of Rs8.50 per litre. Additionally, the price of kerosene oil is anticipated to decrease by Rs9.11 per…
