Tribune
-
Rupee recovers another 0.35% vs dollar | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency maintained its uptrend for the second consecutive working day, gaining another 0.35% (or Rs0.70) to a new one-week high at Rs199.06 against the US dollar in the inter-bank market on Monday. The currency had closed at…
-
High production cost hits glass maker | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s corporate sector has reported the first casualty of a spike in cost of production in the country, as a four-decade old glass manufacturing firm announced on Monday to temporarily suspend production of tableware glass due to “increase…
-
Govt pitches Rs3.77tr deficit target | The Express Tribune
.
[ad_1] ISLAMABAD: The government has pitched the budget deficit target of 4.8% of the total size of economy, or Rs3.77 trillion, to the International Monetary Fund (IMF) for the next fiscal year, which the global lender wants to be adjusted…
-
Harsh weather eats into mango output | The Express Tribune
.
[ad_1] LAHORE: The decline in mango production due to an unusual spike in temperatures coupled with water shortages is a new emerging problem in Pakistan, said Wang Zihai, President of Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI). During an…
-
Cigarette industry asks govt to curtail illicit brands | The Express Tribune
.
[ad_1] ISLAMABAD: Cigarette makers have urged the government to increase the advance tax in the upcoming budget on tobacco processing to discourage sales by the unregistered cigarette brands. In their budget proposals to the Federal Board of Revenue (FBR), the…
-
China’s power firms to get Rs50b | The Express Tribune
.
[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif ordered on Monday to immediately disburse Rs50 billion to the Chinese power producers to save them from default and also open a revolving fund to protect them from the circular debt in future. The…
-
Market watch: Stocks rise on hopes of IMF loan resumption | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Stock Exchange managed to post decent gains on Monday, as investors opted to assume fresh positions amid fresh hopes for the resumption of the much-awaited International Monetary Fund’s (IMF) loan programme. The benchmark KSE-100 index, after…
-
Rupee gains ground against US dollar | The Express Tribune
.
[ad_1] KARACHI: The Pakistani rupee maintained an upward trend on the second consecutive working day, gaining another Rs0.70 – 0.35 per cent – to touch Rs199.06 against the US dollar in the interbank market on Monday. After opening at Rs199.76,…
-
Link between budget and current account deficits | The Express Tribune
.
[ad_1] KARACHI: The budget deficit and the current account deficit are the two critical problems for Pakistan’s economy. Every previous government has struggled to tame these two beasts but has failed miserably. They have become extremely resilient and unmistakably recurrent…
-
Let’s defuse the petrol and diesel bomb | The Express Tribune
.
[ad_1] KARACHI: Politicians have plenty of tools at their disposal. The economy being the prime area, hence, the economic policies are a way to advance the political capital in times of uneasiness, elections and loss of votes, by targeting voter…
