Express
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UAE mineral giant eyes Pakistani mining venture | The Express Tribune
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[ad_1] KARACHI: The United Arab Emirate’s largest raw and value-added mineral supplier and importer, National Trust (NT), has entered into a memorandum of understanding (MoU) with a Pakistani firm to develop a strategic partnership with an investment of 30 million UAE Dirham to mine, acquire, and process aluminium ore in Punjab and potentially export it…
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Potential for green, ESG Sukuk | The Express Tribune
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[ad_1] KARACHI: According to the Green and Sustainability Sukuk Report 2022, green and sustainability Sukuk has the potential to raise an additional $30 billion to $50 billion of capital allocated for sustainable development by 2025. The global green bond issuance, as per Bloomberg report, has already crossed $500 billion in 2023 showing the immense potential…
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Is investing in Quantum 2.0 the next big thing? | The Express Tribune
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[ad_1] ISLAMABAD: This quarter, CISCO, the company responsible for manufacturing networking equipment, announced its biggest-ever acquisition deal of $28b to buy the cybersecurity firm Splunk. This occurred against the backdrop of a breach of its corporate network in 2022 by the UNC2447 cybercrime gang, which stole confidential information and attempted to extort the company for…
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Prerequisites for attracting sustainable foreign investment | The Express Tribune
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[ad_1] KARACHI: The investment landscape in Pakistan is marred by a complex network of legal, transparency and bureaucratic challenges as well as weak democratic institutions. The mining lease for Reko Diq or the agreement with the independent power producers (IPPs) are just two examples that offer many valuable lessons. Attracting foreign investment is crucial for…
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‘Social engineering is a real threat’ | The Express Tribune
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[ad_1] KARACHI: Experts and regulators in the banking sector have called for widespread dissemination of awareness and technological solutions among customers and local people regarding social engineering frauds in the digital age to curb them. They made this call while addressing participants at a one-day conference titled “Financial Crime in the Digital Age”—addressing the growing…
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Global equities head towards big gains | The Express Tribune
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[ad_1] NEW YORK: Major Wall Street indexes notched weekly gains on Friday, as global equities drifted toward their biggest one-month rally since November 2020 during a shortened, muted trading session following the US Thanksgiving holiday. Oil futures traded steady ahead of next week’s OPEC+ meeting, which could bring some kind of agreement on output cuts…
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PSX undeterred, reaches peak above 59k | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) maintained its upward march and broke records in the outgoing week when it climbed over 2,000 points as investors cheered reports of encouraging economic and earnings outlook and expected release of the second loan tranche of $700 million by the International Monetary Fund (IMF). A key event was the…
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7% policy rate cut projected for CY24 | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is expected to cut its benchmark policy rate – cost of lending to commercial banks – by seven percentage points during the next calendar year to 15%, which will revive the lifeline of affordable financing for industries that heavily rely on bank borrowing. Such industries mainly include textile, cement, steel…
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‘Caretaker govt committed to attracting FDI’ | The Express Tribune
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[ad_1] LAHORE: Caretaker Punjab Minister for Transport and Livestock, Ibrahim Hassan Murad, reiterated the caretaker setup’s commitment to attracting foreign investment as a crucial response to the challenges facing the country. Murad highlighted ongoing efforts, stating, “Contracts are being signed with different countries, especially with China, to promote bilateral trade and investment.” He expressed the…
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Using technology to hit the right notes | The Express Tribune
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[ad_1] Azima Dhanjee is a young entrepreneur who was raised by deaf-mute parents. But instead of being bogged down by what many would see as a challenge, she used her experience to craft a novel solution that is not only changing lives but reshaping organisational attitudes. The young Dhanjee told her inspiring story while in…
