Tribune
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Banks must guard against faster bank runs: BoE’s Hauser | The Express Tribune
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[ad_1] LONDON: Financial regulators will need to make sure that banks retain adequate financial buffers as advances in technology increase the risk of bank runs, a senior Bank of England official said on Friday. Challenges facing central banks included “how…
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Global stocks set for best week in a year | The Express Tribune
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[ad_1] LONDON/SINGAPORE: Global stocks were on track for their biggest weekly rise in a year on Friday as investors cheered a pause in US interest rate hikes, while the dollar was on the back foot. Trading on Friday was relatively…
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Saudi firm acquires majority stake in Shell Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: In a significant move, Royal Dutch oil company Shell has reached an agreement to sell its 77.42% majority stake in Shell Pakistan Limited (SPL) to Saudi firm Wafi Energy LLC. This decision comes as Shell reorganises its global…
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Power tariff hike of 54 paisa per unit sought | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday grilled the Central Power Purchasing Agency-Guarantee (CPPA-G) for expensive electricity generation while ignoring cheaper, local coal-based production, which put an additional burden on consumers. At a public hearing, the…
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With larger fall, rupee near 1-month low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency on Wednesday hit nearly one-month low above Rs282.50 against the US dollar in inter-bank market, as it maintained the losing streak for the eighth consecutive day ahead of first IMF review under the $3 billion loan…
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‘Pakistan to focus on indigenous, renewable energy sources’ | The Express Tribune
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[ad_1] ISLAMABAD: In a meeting with the Ambassador of China to Pakistan, Jiang Zaidong, Caretaker Federal Minister Muhammad Ali conveyed Pakistan’s commitment to shaping its future energy landscape with a strong emphasis on indigenous and renewable sources. The minister highlighted…
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FBR beats target, collects Rs2.75tr in Jul-Oct | The Express Tribune
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[ad_1] The Federal Board of Revenue (FBR) has beaten the revenue target for the fourth consecutive month with collection of Rs2.75 trillion in July-October and decided to go after one million non-filers of income tax returns after receiving a poor…
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After much ado, increase in gas rates approved | The Express Tribune
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[ad_1] ISLAMABAD: The federal cabinet on Monday approved up to 193% increase in gas prices to recover an additional Rs350 billion from consumers in this fiscal year while making some further adjustments in the recommended rates for industrial and CNG…
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Denmark’s help sought for boosting renewable energy | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has sought support of Denmark for boosting the share of renewable energy to 40% in the next two years under the National Electricity Plan 2023. In a meeting between Interim Minister of Energy Muhammad Ali and Danish…
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SBP keeps key policy rate unchanged at 22pc | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank has left its benchmark policy rate unchanged at a record high of 22% for the third time in a row in the past four months, saying the rate remains appropriate…
