Express
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Iran desires to import more agri-products | The Express Tribune
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[ad_1] ISLAMABAD: Iran has shown interest in increasing imports of agricultural products, particularly fruits, from Pakistan in a bid to deepen bilateral trade relations between the two neighbouring countries. “We want to import more meat, rice and agricultural products, especially mangoes and kinnows, from Pakistan. Iranian people are very fond of Pakistani kinnows,” said Iranian…
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Boeing mulls shedding Airbus work | The Express Tribune
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[ad_1] WASHINGTON: Boeing, is looking at how Spirit AeroSystems, could shed or sharply reduce its ties to Airbus, as the supply-chain giant’s work for the European planemaker poses complications in rival Boeing’s attempt to acquire its former subsidiary. The US planemaker is exploring offloading or redeploying specific Spirit businesses that supply key Airbus components if…
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Business confidence down: Gallup | The Express Tribune
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[ad_1] KARACHI: In the latest Gallup business survey conducted in the quarter ended March 2024, the business community foresees a deterioration in the future situation for their businesses, moving from an improved state at present to a worse one. The pessimism among businessmen regarding the future direction of the country has further worsened, scoring at…
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Rupee holds firm near 5-month high | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency has remained stable near its recent five-and-a-half-month high for the past couple of days, closing at Rs277.93 against the US dollar in the interbank market on Friday. The currency has been fluctuating around this level, approaching the significant psychological threshold of Rs277/$. According to the State Bank of Pakistan’s (SBP)…
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Exporters criticise govt’s blue passport incentives | The Express Tribune
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[ad_1] Critics of the new incentives, such as the issuance of blue passports, to top exporters argue that the government should prioritise providing facilities to the vibrant middle class and supporting the growth of Small and Medium-sized Enterprises (SMEs). They have expressed to The Express Tribune that the government’s focus seems to be on promoting…
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In record-setting rally, PSX soars above 68k | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) displayed a remarkable rally during the outgoing week when it soared to new all-time highs and surpassed the 68,000-point mark. The week, shortened by the Jummatul Wida holiday, saw a surge in activity as investors were enthusiastic and believed that the policy rate cut was in the offing. Robust…
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Stocks climb to new record above 68k | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Thursday continued its record-setting rally as it surged above 68,000 points over investors’ growing interest in pharmaceutical stocks following court’s verdict in favour of the industry, and a robust corporate earnings outlook. While continuing the previous day’s bullish momentum, the trading session began with a spike. However, the…
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Engro Energy sells thermal assets | The Express Tribune
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[ad_1] LAHORE: Engro Energy Limited, a wholly owned subsidiary of Engro Corporation Limited, has entered into a Share Purchase Agreement with Liberty Power Holding (Pvt) Limited and a consortium for the sale of its thermal energy assets portfolio. The consortium comprises Liberty Mills Limited, Soorty Enterprises, and Procon Engineering through Master Group of Industries. The…
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Refineries demand full recovery of forex losses | The Express Tribune
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[ad_1] ISLAMABAD: Oil refineries have called on the government to make full recovery of the actual currency exchange losses and the confirmation cost of Letters of Credit (LCs). Pakistan’s oil refineries are currently grappling with substantial currency exchange losses in the import of crude oil, compounded by a significant financial burden from the LC confirmation…
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Gold hits record high amid global turbulence | The Express Tribune
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[ad_1] KARACHI: Gold reached a new all-time high at Rs241,100 per tola (11.66 grams) in Pakistan on Thursday, marking a historic moment in line with the global record-breaking trend. Meanwhile, the rupee remained stable near its recent five-and-a-half-month high at Rs277.83 against the US dollar in the interbank market throughout the day. In the global…
