Express
-
Govt gets financial relief as China rolls over$4.2b debt | The Express Tribune
.
[ad_1] ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday said that China has agreed to rollover $4.2 billion debt that was maturing this week, providing a major financial relief to the government. The $2 billion loan by China’s State Administration of Foreign Exchange (SAFE), has been rolled over, Tarin confirmed to The Express Tribune. The SAFE…
-
Oil dips on embargo uncertainty | The Express Tribune
.
[ad_1] LONDON: Oil stumbled on Tuesday as the dollar strengthened and it looked unlikely that the European Union would pursue an embargo on Russian oil, a day after prices jumped 7% and also rose earlier in the session. Brent crude fell $0.73, or 0.6%, to $114.89 a barrel by 11:45 AM EST (1645 GMT). US…
-
Experts stress food crop diversification | The Express Tribune
.
[ad_1] FAISALABAD: Agriculture is the most important sector as food security is a growing concern due to the impact of climate change and rapid increase in population, emphasised Netherlands Ambassador Wouter Plomp. Talking to the trainers of a project titled “Capacity building of small-scale potato growers in Punjab, Pakistan” at the University of Agriculture Faisalabad…
-
Citizen’s Portal leaves much to be desired | The Express Tribune
.
[ad_1] ISLAMABAD: The Pakistan Citizen’s Portal, launched by the government in 2018, is proving to be ineffective in resolving the concerns of the common man given that a huge number of queries are closed without giving any relief to the complainant. Inam Jamil Anjum, a retired employee of a state-owned bank in Pakistan, also knocked…
-
Textile sector welcomes industrial package | The Express Tribune
.
[ad_1] FAISALABAD: Textile exporters have welcomed the industrial support package, announced by Prime Minister Imran Khan, and stated that it focused on industrialisation, foreign exchange inflows and revival of sick industrial units. They added that the scheme sets pro-growth measures in place to steam up industrialisation, boost exports and place the country’s economy on path…
-
Car assembler jacks up prices | The Express Tribune
.
[ad_1] KARACHI: The Indus Motor Company (IMC) has hiked the prices of different models of its cars in the range of Rs287,000 to Rs1.26 million owing to a significant surge in import cost. “Yes, we have increased the prices,” IMC CEO Ali Asghar Jamali confirmed The Express Tribune. “The increase in freight charges, rupee-dollar parity…
-
Pakistan bags $300m ADB loan | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan on Tuesday got $300 million loan from the Asian Development Bank for budget financing and building of reserves that have already slipped below $16 billion. The global lender approved $300 million loan to further develop Pakistan’s capital markets, promote private investment in the country and help to mobilise domestic resources to finance…
-
Russia default would have ‘limited’ global impact: IMF | The Express Tribune
.
[ad_1] WASHINGTON: The consequences for the global financial system if Russia cannot pay its foreign debts are likely to be “limited,” a senior IMF official said Tuesday. The United States and its allies have imposed tough financial sanctions on Russia in retaliation for its invasion of Ukraine, but Moscow so far has made debt payments.…
-
Traders demand focus on Halal food export | The Express Tribune
.
[ad_1] KARACHI: Businessmen have called upon the government and the private sector to make serious efforts to enable Pakistan to gain its due share in the global Halal food segment. Despite being a Muslim majority country, Pakistan’s share in the global Halal food trade is mere 0.26%, said Pakistan Businesses Forum Vice President Ahmad Jawad…
-
Thai Airways resumes flights | The Express Tribune
.
[ad_1] KARACHI: Thai Airways has resumed its services from Karachi and Islamabad, announced Thai Airways Team Lead for Area Weerachart Tiamtikumporn. In a statement on Tuesday, he said that Pakistan was a large market for Thailand and to the world. “Being the national carrier, the airline provides convenient travel facilities to Pakistani passengers,” he said.…
