Express
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Sri Lanka to ease limits on rupee conversion | The Express Tribune
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[ad_1] COLOMBO: Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday. The island nation’s central bank had suspended permission to remit funds for overseas investments by Sri Lankan residents…
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Henan looks to promote trade, cooperation | The Express Tribune
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[ad_1] BEIJING: Pakistan Ambassador to China, Khalil Hashmi and Deputy Mayor of Pingdingshan city in China’s Henan province have agreed to further advance trade and investment cooperation between Pakistan and Henan. “Glad to meet Ding Shaoge, Deputy Mayor of Pingdingshan, a dynamic city in Henan province. Productive conversation on further advancing trade and investment cooperation…
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Business leaders demand urgent action on crumbling roads | The Express Tribune
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[ad_1] KARACHI: Karachi’s business leaders have urgently called for the formulation of a comprehensive master plan to address the city’s deteriorating road infrastructure. Recognising the pivotal role of smooth roads in fostering economic growth, these leaders stress the need for a strategic approach to improve transportation efficiency and accessibility. Well-maintained roads, they argue, are crucial…
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Quality glitch to delay 737 MAX deliveries | The Express Tribune
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[ad_1] WASHINGTON/PARIS: Boeing Co said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying some near-term deliveries, after its supplier Spirit AeroSystems discovered two mis-drilled holes on some fuselages. Boeing confirmed the findings in response to a Reuters query after industry sources said an “edge margin”,…
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Businesses see IMF, SIFC holding key to better future | The Express Tribune
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[ad_1] KARACHI: Pakistan’s progress has long been hindered by political uncertainty, leaving the nation at a critical juncture. However, the upcoming general elections have reignited hope within the business community, anticipating an end to uncertainty and a path towards economic revitalization, regardless of the party or parties that form the post-February 8 government. Yet, they…
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Developing an Islamic finance benchmark | The Express Tribune
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[ad_1] KARACHI: With the global Islamic financial sector approaching close to $4 trillion in assets and having surpassed the Rs8 trillion assets milestone in Pakistan, a common question in Islamic finance revolves around the use of conventional benchmarks like Kibor or Libor when pricing an Islamic finance transaction or Sukuk. Considered one of the common…
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Govt initiates FBR restructuring | The Express Tribune
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[ad_1] ISLAMABAD: With less than a week before the general elections, the interim government has notified an implementation committee to execute the restructuring of the Federal Board of Revenue (FBR) and has set a tight deadline of 72 hours to finalise a legal package. Chairperson of the Pakistan Stock Exchange and Sui Southern Gas Company…
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Special passes for Afg-Pak cargo transport | The Express Tribune
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[ad_1] PESHAWAR: Coordinator Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Ziaul Haq Sarhadi, has suggested issuing special passes to truck drivers transporting cargo goods between Pakistan and Afghanistan. In a press statement released on Friday, Sarhadi said the suggestion is based on streamlining and smoothing of Pak-Afghan trade which recently halted for ten days…
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Indonesia c bank: No room to cut rates | The Express Tribune
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[ad_1] PADALARANG: Indonesia’s central bank has room to lower interest rates this year to lift economic growth, but is waiting for the rupiah to strengthen against the dollar, Governor Perry Warjiyo said on Saturday. “If we rush while the global condition is in disequilibrium, the rupiah could weaken and inflation goes out of control,” he…
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Trade deficit shrinks to $13.1b | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s trade deficit shrank to $13.1 billion during the first seven months of this fiscal year, which is $6.4 billion less than the same period of the last fiscal year. This development offsets pressure on the exchange rate market amid thin foreign exchange reserves. During the July-January period of this fiscal year, the…
