Express
-
Rupee closes below Rs280/$ after a year | The Express Tribune
.
[ad_1] KARACHI: The Pakistani currency strengthened to over a 12-month high, closing just below the highly anticipated level of Rs280 against the US dollar in the interbank market on Thursday. According to data from the State Bank of Pakistan (SBP), the domestic currency appreciated by 0.04%, or Rs0.12, concluding at Rs279.98 against the greenback. This…
-
Pak Suzuki agrees to 50% increase in buyback price | The Express Tribune
.
[ad_1] KARACHI: Pak Suzuki Motor Company has agreed to increase the price of its shares under a buyback plan to Rs609 per share to qualify for delisting from the Pakistan Stock Exchange (PSX). Earlier, the Japanese car manufacturing firm had offered to buy back its shares from the general public at Rs406 per share in…
-
PSX witnesses sharp dip amid Pak-Iran escalation | The Express Tribune
.
[ad_1] The Pakistan Stock Exchange (PSX) experienced a sharp dip on Thursday and fell by more than 1,000 points following the rapid deterioration of ties between Pakistan and Iran. The KSE-100 Index fell below the psychological level of 63,000 points and settled around 62,500 points. Investors lost millions due to the decline in the benchmark index,…
-
IT exports rise on fair policies | The Express Tribune
.
[ad_1] LAHORE: Pakistan’s information technology exports rose 17% and reached $303 million in December 2023 against exports of $259 million in November, as the country’s IT experts and freelancers continued to make inroads into international markets. This is in line with increased focus of the government and growing calls from analysts to capitalise on the…
-
Pakistan receives $700m tranche from IMF | The Express Tribune
.
[ad_1] Pakistan on Thursday received $700 million from the International Monetary Fund (IMF) as part of its bailout programme, the State Bank of Pakistan (SBP) confirmed in a statement. According to SBP, it received Special Drawing Rights (SDR) 528 million —equivalent to $705.6 million in value —from the IMF following the successful completion of the…
-
Govt aims to revitalise agri-sector | The Express Tribune
.
[ad_1] ISLAMABAD: The government has outlined a series of initiatives to breathe new life into Pakistan’s agriculture sector. These include the formulation of a national seed policy and the introduction of the Agriculture Development Authority Act to facilitate corporate farming in Pakistan. Sources informed The Express Tribune that the Ministry of Food has developed several…
-
NAB to drop unnecessary cases | The Express Tribune
.
[ad_1] KARACHI: To alleviate concerns of businessmen, National Accountability Bureau (NAB) Chairman Lt Gen (Retd) Nazir Ahmed has assured that he will review and reassess the pending cases in NAB about the business community and all those cases which are not genuine, valid and unnecessary will be dropped quickly within the next two months. He…
-
AMA propels financial inclusion in Pakistan | The Express Tribune
.
[ad_1] In a transformative stride toward financial inclusion, the Asaan Mobile Account (AMA) platform has emerged as a beacon for underserved communities in Pakistan, providing unprecedented access to branchless financial services. According to recent data, a mere 30% of Pakistan’s adult population currently enjoys access to financial services, with a glaring gender gap as only…
-
SSGC leadership appointments halted | The Express Tribune
.
[ad_1] ISLAMABAD: The federal government has barred the current Board of Directors (BoD) of Sui Southern Gas Company (SSGC) from appointing a new Managing Director or filling senior positions. The responsibility for such appointments has been transferred to the incoming board. According to a letter available with The Express Tribune, the Petroleum Division has instructed…
-
CPEC development strengthens building of Sino-Pak relations | The Express Tribune
.
[ad_1] LAHORE: In the Central Conference on China’s Foreign Affairs held in Beijing on December 27-28, 2023, President Xi Jinping delivered a keynote speech in which he systematically reviewed the historic achievements and valuable experience of major-country diplomacy with Chinese characteristics in the new era, gave a profound exposition on the international environment and historical…
