Tribune
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Education insurance: paving the way for a brighter future | The Express Tribune
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[ad_1] KARACHI: In today’s fast-paced world, insurance has evolved into much more than just a safety net against health or life uncertainties. It has become a tool that empowers individuals to achieve various milestones in life, and one such critical goal is education. As the costs of education continue to rise, especially for those who…
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Can PIA gear up for privatisation in its dire straits? | The Express Tribune
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[ad_1] ISLAMABAD: In 1998, Air Lanka, the government-owned airline of Sri Lanka, was partially divested to Emirates with full management control, initiating a ten-year strategic partnership. A decade later, Emirates chose not to renew its management contract due to government interference, selling back its 43.6% stake in Air Lanka to the Sri Lankan government. After…
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PIA commits to paying Rs1.35b to PSO | The Express Tribune
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[ad_1] Pakistan International Airlines (PIA) has reaffirmed its commitment to Pakistan State Oil (PSO) by pledging to pay Rs1.35 billion for fuel supplies, which has enabled PSO to extend a credit facility of Rs500 million to facilitate PIA’s ongoing operations. Facing financial constraints and amid PIA’s default on payments, PSO has taken a pragmatic step…
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EU, Japan reach deal on data flows | The Express Tribune
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[ad_1] BRUSSELS: The European Union (EU) and Japan concluded an agreement on Saturday on cross-border data flows, which should drive business and may help shape global rules for data, the European Commission said. The European Commission said the agreement would benefit companies across a range of sectors, including financial services, transport, machinery and e-commerce, allowing…
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No third country to influence CPEC | The Express Tribune
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[ad_1] ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) will remain a bilateral arrangement between the two nations, and no third country will have a say in its decision-making bodies, but their investment will be welcomed, according to the draft modalities for third-party participation. Highly placed sources told The Express Tribune that it has been proposed that…
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PSX posts thin gains ahead of IMF review | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) recorded gains of just 0.4% in the outgoing week as investors awaited the International Monetary Fund (IMF) review and monetary policy announcement next week. Investors’ interest was driven by encouraging corporate results, which triggered activity in specific stocks while some results did not meet market expectations, leading to selling…
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FPCCI urges govt to halt gas tariff hike | The Express Tribune
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[ad_1] KARACHI: The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has issued a passionate plea for immediate intervention from the Special Investment Facilitation Council (SIFC) apex committee to prevent the impending surge in gas tariffs. This alarming proposal, set to be ratified by the federal cabinet, could…
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Inflation to dog world economy next year | The Express Tribune
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[ad_1] BENGALURU: High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by the…
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Auto show: Local hi-tech defence items shine | The Express Tribune
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[ad_1] KARACHI: The Expo Centre in Karachi welcomed a multitude of visitors as the Pakistan Auto Show 2023 commenced, with a surprising twist that saw locally-manufactured high-tech defence items and health tech products dominating the spotlight. Abdul Jabbar Khan, an enthusiastic visitor with a keen interest in arms and defence technology, expressed his amazement at…
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Rupee touches two-week low | The Express Tribune
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[ad_1] KARACHI: Pakistani currency continued to cede ground for the fifth consecutive working day on Friday, reaching the two-week low above Rs280.50 to a dollar in inter-bank market owing to rising demand for the greenback. According to State Bank of Pakistan’s (SBP) data, the rupee dropped 0.17%, or Rs0.48, and closed at Rs280.57 against the…
