Express
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‘Government making efforts to boost foreign investment’ | The Express Tribune
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[ad_1] PESHAWAR: The government is taking pragmatic steps to drive foreign investment in the country, said Adviser to Prime Minister on Overseas Pakistanis and Human Resource Development (OPHRD) Muhammad Ayub Afridi. Speaking to the business community at the Sarhad Chamber of Commerce and Industry (SCCI) on Saturday, he assured the traders of resolving their issues…
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Traders urge SMEDA to resume legal aid committee | The Express Tribune
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[ad_1] KARACHI: Traders have urged the Small and Medium Enterprises Development Authority (SMEDA) to resume the free legal aid committee and upgrade it on the pattern of Citizens-Police Liaison Committee (CPLC). Union of Small and Medium Enterprises (UNISAME) Chairman Zulfikar Thaver underlined that SMEDA should set up an SME Liaison Committee on the pattern of…
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Islamic banks witness rapid growth | The Express Tribune
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[ad_1] KARACHI: The Shariah-compliant banks in Pakistan are growing at a rapid pace compared to conventional counterparts as a strong preference for “markup-free banking” has emerged among the people and businessmen of Pakistan. “The deposits of Islamic banks have grown at 10-year CAGR (compound average growth rate) of 23% outpacing growth in conventional deposits (10…
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Ukraine conflict muddies markets outlook | The Express Tribune
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[ad_1] NEW YORK: Geopolitical worries are clouding the outlook for US stocks, even as Russia’s invasion of Ukraine moderates expectations for how aggressively the Federal Reserve will tighten monetary policy in coming months. Concerns over the conflict weighed on the S&P 500 on Friday, as the index pared a rally that has seen it rise…
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PayPal winds up services in Russia | The Express Tribune
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[ad_1] MOSCOW: Payments company PayPal Holdings shut down its services early on Saturday in Russia, citing “the current circumstances,” joining many financial and tech companies in suspending operations there after the invasion of Ukraine. “Under the current circumstances, we are suspending PayPal services in Russia,” President and Chief Executive Dan Schulman said in a statement.…
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Standardisation to enhance Pakistan-China trade | The Express Tribune
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[ad_1] BEIJING: Recently, the Standardisation Administration of China (SAC) signed a Memorandum of Understanding (MoU) on standardisation cooperation with Pakistan Standard and Quality Control Authority (PSQCA) during Prime Minister Imran Khan’s visit to China in February. “Standards coordination, information exchanges and mechanisms for Pak-China cooperation on standardisation shall be promoted following the signing of the…
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Relief package drives recovery | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange staged a modest recovery in the outgoing week as Prime Minister Imran Khan’s relief package for the economy rejuvenated investors’ interest at the bourse and propelled the KSE-100 upward. However, uncertain geopolitical conditions and sharp surge in global crude oil and commodity prices capped gains. Owing to the mixture…
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IMF says Ukraine war will have ‘severe impact’ on global economy | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund on Saturday said it expected to bring Ukraine’s request for $1.4 billion in emergency financing to its board for approval as early as next week and was in talks about funding options with authorities in neighbouring Moldova. In a statement, the global lender said the war in Ukraine was…
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Russians fear economic nightmare about to unfold | The Express Tribune
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[ad_1] In bright sunshine, a long queue of shoppers snaked outside an IKEA store near Moscow this week. Similar scenes were repeated across Russia as families rushed to spend their fast-depreciating roubles at the Swedish retailer which is exiting the crisis-hit country. Russians are bracing for an uncertain future of spiralling inflation, economic hardship and…
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SPI increases 0.04% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended March 3, 2022 registered an increase of 0.04% for the combined income group, going up from 170.47 points during the week ended February 24, 2022 to 170.53 points in the week under review. The SPI for the combined income group rose 15.23% compared to the…
