Pakistan
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Gold prices in Pakistan ease as market awaits clear direction
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[ad_1] An undated image of a gold set displayed at a jewellery store. — AFP/File Gold dropped nearly 1% in Pakistan on Saturday as investors look for a clear direction as the rupee hold ground against the US dollar fading the shine of the yellow metal. According to the data released by All-Pakistan Sarafa Gems…
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Pakistan, China scientists to combat citrus diseases | The Express Tribune
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[ad_1] BEIJING: Chinese and Pakistani scientists are collaborating to develop biological control measures to enhance the quality and quantity of citrus fruit in Pakistan. A research centre was launched by the two countries in 2018 to jointly explore green and sustainable solutions to the growing prevalence of citrus diseases across the South Asian nation. Speaking…
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Miftah claims IMF ‘not interested’ in releasing loan tranche to Pakistan
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[ad_1] An undated image of former finance minister and Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail. — Twitter/@PMLN_org Amid rising tensions regarding the revival of the International Monetary Fund (IMF) programme, former finance minister Miftah Ismail on Wednesday said that the Washington-based lender is “not interested” in giving money to the cash-strapped nation. Speaking during a session…
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Gold rate sees massive decline in Pakistan
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[ad_1] An undated image of a goldsmith showing a gold ornament to a customer. — AFP/File Gold extended losses into a second session on Tuesday, closing slightly above the threshold of Rs204,000 per tola in line with price movement in the international market. The price of gold (24 carats) fell by Rs3,100 per tola and…
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‘Substantial progress’ by Pakistan toward loan programme: IMF | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) said that Pakistan has made “substantial progress” toward meeting policy commitments needed to unlock loans the country needs to avoid default, Bloomberg News reported on Monday. The international lender said Pakistan has a few more tasks before it can unlock a $6.5 billion loan to avoid a default, putting…
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As IMF shifts towards inclusive growth, is Pakistan ready? | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s decades-old policies that give preferential access to state resources to a select few sectors and ensure strong government footprints have placed it among nations that have the lowest inclusive growth and low access to education and healthcare, endangering the unparalleled demographic dividends. A book of the International Monetary Fund (IMF), “Promoting Inclusive…
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Gold price rises by 2% in Pakistan
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP/File In view of the ongoing political unrest in the country, the price of per-tola gold surged by 2% as investors flee to safe-haven assets. According to data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats)…
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Russian crude oil to arrive in Pakistan next month
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[ad_1] An undated image of Minister of State for Petroleum Dr Musadik Malik addressing a press conference. — APP/File Minister of State for Petroleum Dr Musadik Malik said the first consignment of crude oil from Russia will arrive in the first week of April, Radio Pakistan reported Friday. Malik, in an interview with a private…
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Pakistan receives another $500 million from Chinese bank
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[ad_1] A man counts $100 notes. — AFP/File Pakistan has received $500 million from a Chinese bank as part of the $1.3 re-financing facility, Minister for Finance and Revenue Senator Ishaq Dar said Friday, as the nation grapples with one of its worst economic crises. The second critical disbursement from the Industrial and Commercial Bank…
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Still importing to ‘Make in Pakistan’ | The Express Tribune
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[ad_1] The “Make in Pakistan” mobile phones dream seems to have fallen flat, despite tax benefits of over Rs46 billion given in the last fiscal year, as the government has failed to ensure localisation of mobile handsets manufacturing in violation of a state policy. The criminal negligence on part of the Engineering Development Board (EDB)…
