Tribune
-
SBP reserves fall $75m to $10.1 billion | The Express Tribune
.
[ad_1] The foreign exchange reserves held by the central bank decreased 0.74% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 20, the foreign currency reserves held by the SBP were recorded at $10,088.6 million, down $75 million compared with $10,163.6 million on May 13.…
-
China proposes RMB circulation system | The Express Tribune
.
[ad_1] ISLAMABAD: China has proposed to Pakistan to set up a renminbi (RMB) capital circulation system to promote trade and other transactions in the Chinese currency. In this regard, it has been suggested that the State Bank of Pakistan (SBP) hold talks with the Bank of China. The government has asked the finance ministry and…
-
Rupee crosses 202 against US dollar | The Express Tribune
.
[ad_1] KARACHI: Pakistani rupee maintained its free fall for the 15th successive working day, as it hit an intra-day low of around Rs203 against the US dollar for the first time in the inter-bank market on Thursday, after the International Monetary Fund (IMF) delayed the resumption of its $6 billion loan programme. The rupee hit…
-
1% CVT on bourse rejected | The Express Tribune
.
[ad_1] ISLAMABAD: Finance Minister Miftah Ismail has rejected the largest tax proposal to slap 1% capital value tax on the total value of stock market that the Federal Board of Revenue (FBR) wants to introduce to collect an additional Rs76 billion in the next fiscal year. The minister also turned down another proposal of the…
-
Minister invites Dutch companies | The Express Tribune
.
[ad_1] ISLAMABAD: Federal Minister for Commerce and Investment Syed Naveed Qamar has said that the Netherlands is the second largest trade partner of Pakistan in the European Union and a key investor in various sectors of the country. According to a statement issued by the Ministry of Commerce on Thursday, the minister emphasised that strong…
-
Honda Atlas posts Rs197m quarterly profit | The Express Tribune
.
[ad_1] KARACHI: Honda Atlas Cars Limited (HCAR) posted a profit after tax of Rs197 million for the fourth quarter ended March 31, 2022, down 78% as compared to Rs895 million in the same period of previous year. “The result is below our expectations, which is mainly due to higher-than-expected distribution costs and effective tax rate,”…
-
Businessmen asked to explore Africa markets | The Express Tribune
.
[ad_1] ISLAMABAD: The business community should focus on Africa for trade and exports as the African continent offers a huge potential to Pakistan for enhancing trade ties, said Ali Javed, Additional Secretary (Africa) of the Ministry of Foreign Affairs. He was speaking at the Africa Day, organised and celebrated at the Islamabad Chamber of Commerce…
-
Sericulture to boost farmers’ income | The Express Tribune
.
[ad_1] LAHORE: “We’ve earned Rs70,000 in a month. However, if I work elsewhere, even with my kids, I can’t earn that much,” said Muhammad Aslam, a silkworm farmer in Punjab’s Changa Manga. Aslam’s income came from raising silkworms. It took 45 days from buying silkworm eggs to hatching, silking and selling cocoons. “As there are…
-
Govt jacks up petrol, diesel by Rs30 per litre | The Express Tribune
.
[ad_1] The federal government has finally taken a tough decision to increase the petroleum prices by Rs30 per litre, Finance Minister Miftah Ismail announced. New prices will be effective from midnight (today), he added The development came a day after Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement for the…
-
Govt jacks up prices of petrol, diesel by Rs30 per litre | The Express Tribune
.
[ad_1] The federal government has finally taken a tough decision to increase the petroleum prices by Rs30 per litre, Finance Minister Miftah Ismail announced. New prices will be effective from midnight (today), he added The development came a day after Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement for the…
