Express
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Azerbaijan eager to promote bilateral trade | The Express Tribune
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[ad_1] LAHORE: Ambassador of Pakistan to Azerbaijan, Bilal Hayee, visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) regional office in Lahore on Monday and met with FPCCI President Irfan Iqbal Sheikh. The discussions focused primarily on enhancing cooperation in diverse fields, including trade, investment, technology, and the exchange of business delegations. The…
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IMF seeks further power tariff hike | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan may have to further increase electricity prices and revise down its primary budget surplus of Rs417 billion for the first quarter after the International Monetary Fund (IMF) did not accept the government’s position on fiscal numbers and the circular debt. The global lender also raised questions over the role, mandate and powers…
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PSX crosses 56,000 points as rupee continues downward trend | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) surpassed another milestone of 56,000 points to reach a new all-time high, extending the record-making spree on Monday. At the same time, the Pakistani rupee dropped to a six-week low of Rs288 against the US dollar in the inter-bank market due to an increase in demand for the…
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Hajj Fund: enabling savings with economic development | The Express Tribune
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[ad_1] KARACHI: Hajj is the fifth pillar of Islam and is considered obligatory for every Muslim, once in a lifetime, who can afford expenses of the journey and has the required physical strength. Hajj is considered a physically and economically demanding journey that requires proper planning. At the societal level, Hajj not only builds up…
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Sometimes good economic news is bad | The Express Tribune
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[ad_1] KARACHI: Some recent numbers on Pakistan’s economy are seemingly showing promise. Yet, this phase of the economy carries a paradox; what appears as good news might also spell trouble. It’s crucial for policymakers to avoid the temptation of focusing solely on favourable data. A significant economic figure showcasing improvement is the current account deficit,…
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SBP injects huge amount into banking system | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank has injected a significantly large amount of Rs4.77 trillion into the banking system for up to four weeks to enable conventional and Shariah-compliant banks to meet the cash-strapped government’s financing needs. Market talk suggests that the State Bank of Pakistan (SBP) supplied a huge liquidity despite excessive funds with commercial…
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Sri Lanka calls for revisiting FTA | The Express Tribune
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[ad_1] KARACHI: Consul General of Sri Lanka Jagath Abeywarna mentioned that despite 75 years of good diplomatic relations and a Free Trade Agreement (FTA) since 2005, Sri Lanka-Pakistan trade volume remains ‘insignificant’ at US $440 million due to certain barriers preventing trade between both sides. “Pakistan’s exports to Sri Lanka stood at $360 million, and…
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Market watch: PSX hits new high, crosses 55k | The Express Tribune
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[ad_1] Pakistan Stock Exchange (PSX) on Friday skyrocketed to a new record high as it crossed the 55,000 milestone in the backdrop of technical review talks with the IMF and due to a reduction in bond yields and an increase in remittances. In the morning, trading began at the intra-day low of 54,371.74 points when…
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Online shopping on the ascendancy in Pakistan | The Express Tribune
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[ad_1] KARACHI: Online shopping has been on the rise in Pakistan since the pandemic with rising internet penetration and smartphone use along with a younger consumer base providing a boost to the rapidly evolving e-commerce industry. This was the consensus among the leading names in digital marketing who were part of a webinar on the…
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Rupee shows resistance amid volatile market | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency, in a defiant stance, held its ground near the Rs287 mark against the US dollar in the interbank market on Friday, marking the fourteenth consecutive day of resisting a significant drop. According to State Bank of Pakistan (SBP) data, the local currency experienced a marginal decline of 0.05%, or Rs0.13,…
