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Starmer pledges support for businesses hit by Trump tariffs ‘storm’
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[ad_1] British Prime Minister Keir Starmer leaves 10 Downing Street in London, Britain, April 2, 2025. โ Reutersย LONDON:ย Prime Minister Keir Starmer has pledged the government support for British businesses facing disruption from US President Donald Trump’s new tariffs, warning…
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PSX tops 89,000 points to hit all-time intraday high on rate cut bets
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[ad_1] A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. โ PPI Pakistan Stock Exchange (PSX) hit an intraday high on Thursday, surpassing 88,400 points amid strong hopes that the central bank…
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Gold prices hit record highs in Pakistan amid global market surge | The Express Tribune
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[ad_1] Gold prices hit an all-time high on August 16, 2024, propelled by a weaker US dollar and expectations of a potential interest-rate cut by the Federal Reserve. The metal’s appeal was further amplified by ongoing geopolitical tensions, particularly in…
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Reeling from ยelectric shockย consumers hit by ยpetrol bombย | The Express Tribune
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[ad_1] ISLAMABAD: The federal government further squeezed peopleโs purchasing power by raising petrol and diesel prices on Monday, a day after notifying a hike in electricity tariff for both domestic and commercial consumers. According to a finance ministry notification, petrol…
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Cross-subsidy to hit exports | The Express Tribune
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[ad_1] ISLAMABAD: Textile millers have warned that cross-subsidies for the fertiliser sector in โring-fencedโ re-gasified liquefied natural gas (RLNG) prices will have a destructive impact on Pakistanโs exports, employment and economy. In a statement, the All Pakistan Textile Mills Association…
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Pakistan’s SOEs losses hit Rs905 billion in FY23
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[ad_1] A repersentational image of a graph. โ Unsplash Pakistan’s state-owned enterprises (SOEs) losses hit a staggering Rs905 billion in the fiscal year 2022-23, showing a 23% swell compared to the previous fiscal year of 2021-22. It was revealed in…
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Pakistan stocks hit record high just shy of 74,000 points
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[ad_1] Pakistani traders stand beneath an electronic board displaying share prices at the Pakistani Stock Exchange (PSX). โ INP/Fileย KARACHI: Stocks on Monday briefly breached 74,000 points barrier amid reports Pakistan may sign a deal with International Monetary Fund (IMF)…
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HSBC takes $1b hit from Argentina sale | The Express Tribune
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[ad_1] LONDON: HSBC is selling its business in Argentina and booking a $1 billion loss on the deal, the bank said on Tuesday, as it continues to shrink its once globe-spanning empire to focus on Asia. HSBC is selling the…
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Parts of Karachi to be hit with gas suspension: SSGC
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[ad_1] Gas cylinder vendors working at a shop in Peshawar, on November 13, 2023. โ APP Parts of Karachi, the countryโs biggest city by population, will be hit with a gas suspension, the Sui Southern Gas Company (SSGC) announced Friday,…
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โTurkeyโs intl debt sales could hit record in 2024โ | The Express Tribune
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[ad_1] LONDON: Turkeyโs pivot back to orthodox fiscal policies could pay off with record debt issuance and the continued return of foreign investors in 2024, JPMorgan Managing Director Stefan Weiler told Reuters. International investors had fled Turkey amid years of…
