Tribune
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US keen to expand agritrade with Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: United States Ambassador to Pakistan Donald Blome says he looks forward to expanding agricultural trade between the two countries, and was also looking into allowing Pakistan access to the US beef market. The comments were made when the ambassador called upon Federal Minister for National Food Security and Research Tariq Bashir Cheema to…
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Ahsan paints gloomy picture of economy | The Express Tribune
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[ad_1] ISLAMABAD: Planning Minister Ahsan Iqbal on Tuesday said that the country’s economy has been continuously contracting for the last four years and lamented the country’s abysmal development record during the previous government of PTI. Ahsan bemoaned that in the last four years, a large chunk of funding for the provinces weighed down the Public…
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Risk of default spikes to 13-year high of 52.8% | The Express Tribune
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[ad_1] KARACHI: Pakistan’s risk of default, measured by the 5-year credit default swap (CDS), on Tuesday spiked by 3.07 percentage points in a day and hit a 13-year high at 52.8%, suggesting foreign investors had lost their faith in the country. The CDS hovered around 5% to 6% before the Covid-19 outbreak in Pakistan in…
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Stocks retreat, get closer to 41,000 points | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Tuesday as market struggled to sustain gains in rollover week due to absence of major positive triggers, which pushed KSE-100 index close to 41,000-point mark. The index stayed in green zone in initial hours, touching intra-day high of 42,523.51 points. Bears soon took charge of the bourse, which…
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Pakistan owes creditors Rs49,200 billion, says Dar | The Express Tribune
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[ad_1] ISLAMABAD: The total volume of debt on Pakistan has risen to Rs49,200 billion, the National Assembly was informed on Monday. Finance Minister Ishaq Dar said that on June 30, 2022 the domestic debt on the country was Rs31,000 billion while the external debt amounted to Rs18,160 billion. Earlier, a report of the finance ministry…
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Rupee continues to gain little ground | The Express Tribune
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[ad_1] KARACHI: tained its uptrend for the second consecutive working day on Monday as it gained 0.20% (Rs0.43) to close at Rs220.41 to a dollar in the inter-bank market. The rupee has regained a total value of Rs0.50 in the past two working days. The currency got extended support in the backdrop of much-anticipated Financial…
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Telecom sector’s financial health | The Express Tribune
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[ad_1] KARACHI: In the previous article, I talked about why Digital Pakistan remains a distant dream and how the dichotomy in policies governing the telecom sector, can push the country into the digital dark ages. This article focuses on the telecom industry’s rapidly deteriorating financial health triggered by unprecedented rise in operating costs, overall macroeconomic…
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Pakistan’s to-do list before PM’s visit to China | The Express Tribune
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[ad_1] ISLAMABAD: The Prime Minister of Pakistan, Shehbaz Sharif, is planning to visit China, his first state visit to the country since assuming office. The visit holds great significance due to three reasons. First, the visit is taking place just after the conclusion of the all-important 20th National Congress of the Communist Party of China.…
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Can Pakistan afford the EU reverting to dirty fuel? No | The Express Tribune
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[ad_1] KARACHI: With Western sanctions taking affect after Russia’s invasion of Ukraine in February this year, the US and EU nations have boycotted buying gas/RLNG from Russia. This, however, took gas prices skyrocketing to unaffordable levels in the global markets. At present, the world is in the tight grip of an energy crisis with recession…
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Pakistan seeks $6.3b China debt rollover | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Saturday requested China to rollover its $6.3 billion debt that is maturing in next eight months as part of its overall plan to arrange $34 billion in the current fiscal year to meet its debt and external trade-related obligations. Another proposal was also under consideration to seek a fresh Chinese loan…
