Tribune
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Pakistani textile attracts global buyers | The Express Tribune
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[ad_1] GUANGZHOU: Business is good this time around. Our trade volume may reach $1 million for this phase,” said Gauhar Mustafa, owner of Gohar Textile Mills from Pakistan, a participant at the 133rd China Import and Export Fair held in Guangzhou. The exhibition, also known as the Canton Fair, concluded its third and final phase…
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PSX ends second successive week in green | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) continued its positive momentum and posted smart gains in the outgoing four-day trading week, buoyed by share buyback announcements, strong financial results and cherry-picking of stocks that had dropped to attractive valuations. The week began on Tuesday with a positive session on the back of share buyback announcements by…
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OGRA opens up LNG market | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has set a transportation tariff for liquefied natural gas (LNG) shippers in an attempt to open up the market for private sector. At present, public gas utilities have a monopoly in the LNG market. In a statement, Ogra said that under its Gas Third Party Access…
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Govt, IMF to begin budget talks next week | The Express Tribune
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[ad_1] ISLAMABAD: The federal government’s economic team and the International Monetary Fund (IMF) will begin consultations over the budget for the next fiscal year 2023-24 from next week during which the global lender will be taken into confidence that it will be in accordance with the terms agreed with it. Sources said the Federal Board…
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Dar seeks investment from foreign firms | The Express Tribune
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[ad_1] ISLAMABAD: A delegation comprising representatives of world-famous investment companies, led by JPMorgan Dubai Managing Director Imran Zaidi, called on Minister for Finance and Revenue Ishaq Dar on Friday. Special Assistant to Prime Minister (SAPM) on Finance Tariq Bajwa, SAPM on Revenue Tariq Pasha, secretary finance and senior officials of the Finance Division attended the…
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Forex reserves fall by $6m to $4.46b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 0.12% on a week-on-week basis to $4.46 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On April 28, 2023, the SBP’s foreign currency reserves stood at $4,457.2 million, down by $6 million as compared to $4,462.8…
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Gold maintains record-breaking spree | The Express Tribune
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[ad_1] KARACHI: Gold hit a new all-time high at Rs225,300 per tola (11.66 grams) on Thursday in line with the global trend amid talk of likely default by the United States. Talking to The Express Tribune, AA Gold Commodity Director Adnan Agar projected that the precious metal may surpass Rs300,000 per tola in the next…
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Energy conservation to help save $6.4b | The Express Tribune
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[ad_1] ISLAMABAD: The government has targeted to save $6.4 billion by implementing energy conservation measures under the National Energy Efficiency and Conservation Policy (NEECP) 2023. The Cabinet Committee on Energy, chaired by Prime Minister Shehbaz Sharif, has recently approved the policy. It is aimed at establishing an energy conservation tribunal (ECT) to address issues related…
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‘India’s exports likely to touch $900 billion in 2023-2024’ | The Express Tribune
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[ad_1] NEW DELHI: India’s exports of goods and services could touch $900 billion in the current financial year, up from $770 billion in the previous year, keeping resilient despite global headwinds, a top official of a grouping of exporters said. Merchandise exports could expand to between $495 billion and $500 billion, while services exports could…
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IMF wants Pakistan to hike interest rates | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Wednesday said that Pakistan needed to further increase interest rates to stabilise inflation –- a policy advice that is not in line with the ground realities and has instead significantly increased the country’s debt burden. The global lender has released its regional economic outlook for the Middle…
