Express
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Budget deficit to touch record Rs4.3tr | The Express Tribune
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[ad_1] ISLAMABAD: The federal government will miss its budget deficit target by Rs318 billion and could book, for the first time in history, over Rs4.3 trillion deficit in the current fiscal year, the finance ministry informed the federal cabinet. The record Rs4.3 trillion federal budget deficit will be equal to 8% of the gross domestic…
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Halal meat export to Tashkent begins | The Express Tribune
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[ad_1] KARACHI: Pakistan’s accession to the International Transport of Goods (TIR) Convention has opened up new avenues of regional trade and as a result bilateral exchanges between Pakistan and Central Asian states are growing. Taking advantage of the potential for trade with the Central Asian states, Pakistani exporters have kick-started export of Halal meat to…
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Oil plunges 17% as UAE, Iraq plan to boost output | The Express Tribune
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[ad_1] BENGALURU: Oil prices plunged as much as 17% after media reports said OPEC producers United Arab Emirates and Iraq would support increased production, potentially offsetting some of the supply disruptions caused by sanctions on Russian oil after its invasion of Ukraine. Brent crude fell more than 17%, or $22, to hit a session low…
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Pakistan, China may renegotiate FTA benefits | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and China are expected to renegotiate the benefits under the current phase of Free Trade Agreement (FTA) as trade results for 38 export items to China have not been very encouraging. Pakistan has started drafting a renegotiation deal concerning the export of these items to China. Pakistan wants more concessions exclusive to…
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Pakistan on IT bandwagon | The Express Tribune
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[ad_1] ISLAMABAD: Owing to the youth bulge, Pakistan will quickly jump on the information technology bandwagon to achieve fast economic development as well as fulfill market needs for human capital, emphasised President Dr Arif Alvi. Addressing the Lahore Chamber of Commerce and Industry (LCCI) IT Awards 2022 ceremony, the president called for increasing quality human…
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Market watch: Stocks turn bullish over policy rate clarity | The Express Tribune
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[ad_1] KARACHI: Investor interest revived at the Pakistan Stock Exchange on Wednesday as the benchmark KSE-100 index regained some lost ground owing to the status quo maintained by the State Bank of Pakistan (SBP) in the monetary policy. Keeping in view the deteriorating geopolitical situation and the threat of escalation of war, a small chunk…
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Pakistan’s low-cost Fly Jinnah airline unveils brand identity | The Express Tribune
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[ad_1] Fly Jinnah, Pakistan’s new low-cost carrier, on Wednesday revealed its visual brand identity. Fly Jinnah’s’ brand identity, with its brand name abbreviation ‘FJ’, has adopted the vibrant red as its main colour to reflect the young and modern spirit of the airline while the logo and brand identity consisting of its unique font and…
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Oil falls towards $125 as investors weigh US import ban | The Express Tribune
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[ad_1] LONDON: Oil slipped towards $125 a barrel in volatile trading on Wednesday as investors assessed the US ban of Russian oil imports and Russia announced a new ceasefire in Ukraine on Wednesday to let civilians flee. A view that the US ban of Russian oil imports may not worsen shortages kept a lid on…
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Russia to nationalise foreign factories | The Express Tribune
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[ad_1] COPENHAGEN: A senior member of Russia’s ruling party has proposed nationalising foreign-owned factories that shut down operations in the country over what the Kremlin calls a special military operation in Ukraine. Several foreign companies have announced temporary shutdowns of stores and factories in Russia in order to put pressure on the Kremlin to stop…
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Budget deficit to surpass IMF’s target | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s revised estimates show that its primary budget deficit will breach the recently agreed limits with the International Monetary Fund (IMF) and inflation will remain high but there is positivity in economic growth rate trajectory. The government has shared its initial assessment of the economy with the IMF during ongoing talks, sources said.…
