Express
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Gold prices hold steady at Rs241,500 per tola | The Express Tribune
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[ad_1] The gold prices remained stable with global rates holding at $2,324 per ounce and local prices in Karachi unchanged at Rs241,500 per tola(11.66 grams), as per the international bullion market on Tuesday. Similarly, the price for ten grams of gold stayed firm at Rs207,047 locally. Previously, the per tola price of 24 karat gold…
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Modest CPI, IMF talks propel PSX higher | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) concluded the first day of the new fiscal year on a promising note with gains of nearly 380 points, influenced by economic developments and sector-specific news. In the morning, trading remained lacklustre, when the KSE-100 index reached the intra-day low of 78,427.79 points. However, as the day progressed, the…
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OGDCL to boost local oil and gas production | The Express Tribune
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[ad_1] Pakistan’s largest oil and gas exploration firm – Oil and Gas Development Company Limited (OGDCL) – has announced a significant increase in local oil and gas production, told a spokesperson of the state-owned oil and gas company. The company has enhanced production from Nashpa Well No. 4, located in the Karak District in the…
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Boeing resumes new plane deliveries to China after regulatory review | The Express Tribune
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[ad_1] Boeing has restarted wide-body jet deliveries to China that were halted in recent weeks due to a Chinese regulatory review which also stalled new narrow-body deliveries by the U.S. planemaker, according to flight tracking data and two sources. All Boeing deliveries to China are now set to resume, a source told Reuters. New Boeing deliveries to China…
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Cross-subsidy to hit exports | The Express Tribune
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[ad_1] ISLAMABAD: Textile millers have warned that cross-subsidies for the fertiliser sector in “ring-fenced” re-gasified liquefied natural gas (RLNG) prices will have a destructive impact on Pakistan’s exports, employment and economy. In a statement, the All Pakistan Textile Mills Association (Aptma) pointed out that the Ministry of Energy (Petroleum Division) and the Oil and Gas…
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Railways struggles on track | The Express Tribune
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[ad_1] LAHORE: Pakistan Railways (PR), once the backbone of the nation’s transportation network, is continuously grappling with a variety of challenges. From financial woes to infrastructural decay, the railway system, which was once symbolised as the country’s industrial and transportation strength, is now struggling to stay on track. Although it seems that the cash-strapped entity…
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China, Pakistan form digital education alliance | The Express Tribune
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[ad_1] BEIJING: A milestone in educational cooperation between China and Pakistan was achieved last week with the formation of the China-Pakistan Digital Education Alliance. The alliance, jointly initiated by ITMC Technology Co Ltd and UNI International, along with over 160 Chinese and Pakistani technical and vocational education and training (TVET) partners, aims to strengthen Pakistan’s…
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Budget 2024-25 wins IMF praise amid calls for more fiscal tightening | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has praised the stringent economic measures outlined in the budget, citing them as essential for economic stability, according to sources. The sources also reveal that there has been progress in the talks between Pakistan and the IMF. The Fund, they said, has welcomed the tough economic decisions in…
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Rupee appreciates 2.75% in FY2023-24 | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency appreciated by 2.75% (or Rs7.65) in the outgoing fiscal year 2023-24, closing at Rs278.34 against the US dollar in the inter-bank market on Friday. This marks the first appreciation after a three-year decline, ending the currency’s losing streak. However, the gains may not sustain, as the government has projected the…
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National Assembly approves budget 2024-25 amidst opposition criticism | The Express Tribune
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[ad_1] ISLAMABAD: The National Assembly on Friday approved the federal budget of Rs18,877 billion for the fiscal year 2024-25 following the completion of the approval process. During the session, all opposition amendments were rejected unanimously. Prime Minister Shehbaz Sharif, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari, and Asifa Bhutto-Zardari participated in the proceedings, where the opposition…
