Express
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Inflationary, external risks adding to macroeconomic imbalances | The Express Tribune
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[ad_1] ISLAMABAD: The government has taken various steps and administrative measures to counter the downside risks to the economy. Although economic recovery is underway, the domestic and international scenario is changing over the course of time, revealed the Monthly Economic Update and Outlook for March 2022, issued by the Ministry of Finance on Monday. “Thus,…
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ADB to give $300m for capital market development | The Express Tribune
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[ad_1] ISLAMABAD: The government of Pakistan is committed to introducing reforms in diverse areas including domestic resource mobilisation, climate change and public-private partnership, said Federal Minister for Economic Affairs Omar Ayub Khan. Witnessing the signing of Capital Market Development Programme (sub-programme 2) amounting to $300 million, he said that domestic resource mobilisation would help the…
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No respite for falling rupee | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee on Monday maintained its record-breaking downward streak, as it depreciated beyond Rs182 against the US dollar for the first time in history owing to strengthening of the greenback globally and elevated international oil prices. The rupee freshly depreciated 0.23% and hit a new all-time low at Rs182.19 against the US dollar…
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Tarin calls for stopping fertiliser smuggling | The Express Tribune
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[ad_1] ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin has expressed concern over the smuggling of fertiliser to neighbouring countries, directing the Federal Board of Revenue (FBR) to immediately take action against it in order to ensure price stability. Chairing the National Price Monitoring Committee (NPMC) meeting on Monday, Tarin also directed the Ministry of…
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Chinese firm offers to help in 5G rollout | The Express Tribune
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[ad_1] DUBAI: A Chinese technology giant has expressed interest in supporting 5G rollout in Pakistan by sharing its expertise to enhance social sector development and economic growth in the country. Responding to The Express Tribune queries at the Huawei Cloud Middle East and Africa 2022 roundtable in Dubai on Monday, Huawei Vice President of Global…
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Policy loans adding to country’s debt | The Express Tribune
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[ad_1] BHURBAN: The policy advisory loans given by international creditors are pushing Pakistan further deep into the debt burden, which the government can avoid by relying on its researchers, says a former official of the International Monetary Fund (IMF). Government-owned Pakistan Institute of Development Economics (PIDE) Vice Chancellor Dr Nadeemul Haque said that the advice…
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India set to bypass US dollar for trade with Russia | The Express Tribune
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[ad_1] A system that could allow the direct rupee to rouble payments could be launched this week, enabling trade between India and Russia, according to a top Indian trade official. A Sakthivel, President of the Federation of Indian Export Organisations (FIEO), recently told CNBC that the arrangement would pave the way for financial operations between…
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Market watch: Stocks rally amid clarity on political front | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange made a sharp recovery on Monday, as the benchmark KSE-100 index, after staying in negative territory for most part of the day, surged 382 points and ended just below the 44,000 mark. Market players finally hoped for an end to the prolonged political turbulence as Prime Minister Imran Khan…
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Oil slides on concerns of weaker Chinese demand | The Express Tribune
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[ad_1] LONDON,: Oil prices tumbled more than $9 on Monday as fears grew over weaker fuel demand in China after financial hub Shanghai’s lockdown to curb a surge in Covid-19 infections. Brent crude futures slid as low as $111.17 a barrel and were trading down $9.02, or 7.4%, at $111.63 a barrel by 1403 GMT.…
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Fix the house for Naya Pakistan | The Express Tribune
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[ad_1] KARACHI: The entire nation is glued to the national political drama once again. Political leaders are once again toying with – or claiming to represent – the lives of the common man. Every six months or so, there is another Pandora’s Box for people to worry about. Be it no-trust motion, Senate elections, IMF…
