Tribune
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Rethinking Pakistan’s export strategy | The Express Tribune
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[ad_1] ISLAMABAD: Everyone agrees that the only way out of the abyss that Pakistan’s economy finds itself in every few years is to increase our dollar income substantially. These non-debt creating inflows can only materialise through an increase in exports, investment or remittance. In this article, I will focus on the export part of this…
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Export competitiveness in auto sector | The Express Tribune
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[ad_1] KARACHI: The automobile sector in Pakistan is facing the brunt of the current economic crisis. The balance of payments-related challenges, which have led to not only restrictions on imports but also an economic slowdown, have hurt sales of new automobiles in the country. According to recent statistics shared by Pakwheels.com, car sales in the…
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Construction sector’s contribution to pollution | The Express Tribune
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[ad_1] ISLAMABAD: This is the third part of the series on air pollution and smog and how to avoid control or reduce the problem so as to cause lesser damage that it is doing. In the first part, we took a broad view of the problem. And in the second part, we discussed, probably, the…
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High-powered US delegation visits LCCI | The Express Tribune
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[ad_1] LAHORE: Deputy Speaker of the New York State Assembly, Phillip Ramos, on Saturday expressed keen interest in establishing a strong economic collaboration between various sectors of Pakistan and the United States. Ramos, accompanied by the members of the American Pakistan Public Affairs Committee (APPAC), visited the LCCI. In his speech, Ramos stated that the…
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Bike dealers demand price cut as sales slump | The Express Tribune
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[ad_1] KARACHI: Sales of motorcycles have slumped 80% because of high inflation, prompting dealers to appeal to bike assemblers and auto parts’ vendors to slash prices while keeping in view the declining purchasing power of customers. “We are looking for motorcycle buyers as sales of all bikes have slid. Recently, the US dollar has fallen…
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Canton Fair: a lucrative platform for trade | The Express Tribune
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[ad_1] GUANGZHOU: “Business is good this time. I’m here to find out more possibility of doing business with China as well as the whole world,” Safdar Fayyaz, Chief Manager Exports, Piano Exports FZCO, Pakistan, told China Economic Net (CEN) while attending the 134th China Import and Export Fair held in Guangzhou. The China Import and…
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Slow job growth sparks stock rally | The Express Tribune
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[ad_1] NEW YORK: Global stock indexes rose sharply, the US dollar dropped to a six-week low and benchmark 10-year US Treasury yields fell to five-week lows on Friday after data showed US job growth slowed more than expected in October. The job growth slowdown underscored views that the Federal Reserve may be done hiking interest…
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Rupee continues to slide on 10th day | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency continued its slide for the tenth consecutive working day, reaching a one-month low above Rs284 against the US dollar in the interbank market on Friday. According to State Bank of Pakistan (SBP) data, the local currency dropped by 0.31%, or Rs0.88, to close at Rs284.31 against the greenback. This decline…
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Power industry calls for release of vital reports | The Express Tribune
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[ad_1] ISLAMABAD: Frustration is growing among power industry stakeholders due to significant delays in the release of crucial reports by the power regulator, which are essential for informed decision-making. In particular, the absence of timely data is hindering the effective functioning of the sector. The World Bank’s “Public Expenditure Review” report has emphasised the urgent…
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Cotton production jumps by 83% | The Express Tribune
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[ad_1] KARACHI: Cotton production in Pakistan has seen an impressive 83% increase in the 2023-24 season, with a total of 6.79 million bales, offering relief to the nation’s foreign exchange reserves, which have been under significant pressure due to the need for cotton imports. However, despite the growth in cotton production, its market price has…
