Tribune
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Forex reserves rise to $8.9b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank rose by 19.7% on a week-on-week basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On October 28, the foreign currency reserves held by the SBP were recorded at $8,912.9 million, up by $1,473 million compared with $7,439.9 million…
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Polish company seeks concessions | The Express Tribune
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[ad_1] KARACHI: The Ambassador of the Republic of Poland, Maciej Pisarski announced on Thursday that the Polish Oil and Gas Exploration and Production Company, operating successfully in Pakistan for the last 25 years, used the latest technology to extract tight gas from the rock formations. Addressing businessmen in a meeting with the Karachi Chamber of…
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Oil prices rise before expected Fed rate hike | The Express Tribune
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[ad_1] NEW YORK: Oil prices rose on Wednesday before an expected rate hike by the Federal Reserve, supported by another decline in US oil inventories as refineries picked up activity ahead of the winter heating season. Brent crude rose $1.74, or 1.8%, to $96.39 as of 1601 GMT, while US West Texas Intermediate (WTI) crude…
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Rupee snaps two-day winning streak | The Express Tribune
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[ad_1] KARACHI: Pakistani currency failed to sustain the upward trend on Wednesday, losing 0.35% (Rs0.78) on a day-on-day basis to close at Rs221.43 against the US dollar in the inter-bank market. Earlier, the rupee had cumulatively gained 0.82% (or Rs1.82) in the past two consecutive working days. The latest drop came after the government allowed…
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Chinese companies accept offer to invest in solar projects | The Express Tribune
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[ad_1] BEIJING: Leading Chinese companies have shown keen interest in investing in Pakistan’s solar, water and other infrastructure projects during the visit of Prime Minister Shehbaz Sharif to Beijing. The prime minister invited the Chinese corporate heads to come to Pakistan and pour capital into the government’s comprehensive solar power programme aimed at generating 10,000…
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UAE, US to spur $100b in clean energy projects | The Express Tribune
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[ad_1] ABU DHABI: The United Arab Emirates (UAE) and the United States (US) have signed a partnership to spur $100 billion of investments in clean energy projects and add 100 gigawatts of clean energy globally by 2035, state news agency WAM reported on Tuesday. “Together, we will spur large-scale investment in new energy technologies, in…
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Bull-run extends on China visit optimism | The Express Tribune
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[ad_1] KARACHI: Bulls held on to their positions for the second consecutive trading session at the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 index gained nearly 550 points due to expectations of a positive outcome from Prime Minister Shehbaz Sharif’s visit to China. Investors remained optimistic as PM Shehbaz landed in Beijing…
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PM to discuss CPEC in maiden visit to China today | The Express Tribune
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[ad_1] Prime Minister Shehbaz Sharif on Monday said that he will discuss the revitalisation of the China-Pakistan Economic Corridor (CPEC) in his talks with President Xi Jinping and Premier Li Keqiang during his two-day official visit to China. The premier left for Beijing today and is among the first few leaders to visit the neighbouring…
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ECC okays Russia wheat imports | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Monday approved to sign a government-to-government deal worth $112 million with a Russian state corporation for the import of 300,000 metric tons of wheat – the first state-level import deal in the past two years with Moscow. However, the government remained unable to resolve the long outstanding issue of opening a…
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Fly Jinnah airline begins flight operations | The Express Tribune
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[ad_1] KARACHI: Pakistan’s low-cost carrier, Fly Jinnah, has started flight operations as the fourth domestic airline. The inaugural flight departed from Karachi to Islamabad on Monday afternoon. A cake was cut in the lounge of Jinnah Terminal at the flight’s departure and a water salute was presented by the Civil Aviation Authority (CAA) as it…
