Tribune
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Govt asked to regularise cryptocurrency | The Express Tribune
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[ad_1] ISLAMABAD: International players have called on Pakistan’s government to regularise cryptocurrency trade to stop fraud and capital flight. At present, there is irregular trade in cryptocurrency with estimated annual volume of around $20 billion. One of the key global players, RAIN, the first licenced crypto asset company, suggested that the government should tax crypto…
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Gas utility affirms commitment to reforms | The Express Tribune
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[ad_1] ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has reiterated its commitment to broad-based gas sector reforms while opening the sector to private investors. Speaking at the Pakistan Energy Reform Summit 2022, SNGPL Managing Director Ali Javaid Hamdani talked about various strategies for implementing the government’s reform programme in respect of competition, regulation, market liberalisation…
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Oil jumps to 7-week high, then dips on supply hopes | The Express Tribune
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[ad_1] NEW YORK: Oil prices jumped above $115 a barrel on Tuesday, their highest in about seven weeks, as the European Union kept pushing for a ban on Russian oil imports that would tighten supply. Prices retreated and were slightly lower after Reuters reported that sources said US President Joe Biden’s administration will authorise as…
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Ban on luxury goods import sought | The Express Tribune
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[ad_1] KARACHI: The business community has urged the government to immediately put curbs on the import of luxury goods as the country is heading towards an economic chaos. “Pakistan is heading towards economic crisis,” warned Employers’ Federation of Pakistan (EFP) President Ismail Suttar while talking to The Express Tribune. Worsening balance of payments position, high…
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Market watch: Stocks recover in lacklustre trading | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed a lacklustre trading session on Tuesday, where the benchmark KSE-100 index, after oscillating in a narrow range, finally managed to add some points to close the day in the green zone. Prevailing political and economic uncertainties continued to take a toll on investors’ interests as they profoundly awaited…
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Rupee sinks to record 197 against USD in inter-bank market | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Tuesday suffered a significant drop of 1.5% and plunged to Rs197 against the US dollar in the inter-bank market. The fall of the rupee marks the eighth consecutive day of its sink, culminating in a 6% fall (or Rs11.30) to Rs196.99 to date. The local currency’s devaluation comes ahead…
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Oil rises on China demand optimism | The Express Tribune
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[ad_1] NEW YORK: Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that coronavirus pandemic was receding in the hardesthit areas. Brent crude rose $1.34, or 1.2%, at $112.89 a barrel at 1342 GMT, while US West Texas Intermediate (WTI) crude rose $2.22 to $112.71 a barrel.…
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Only 1% of women go for entrepreneurship | The Express Tribune
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[ad_1] ISLAMABAD: Only 1% of women in Pakistan are entrepreneurs due to which the country is not realising its full economic potential, remarked Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. He urged the government to formulate policies to encourage and promote women entrepreneurs, which would result in robust economic growth in…
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Big retailers demand end to tier system | The Express Tribune
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[ad_1] LAHORE: Large retailers have called on the government to simplify the sales tax regime, especially for the integrated small and medium-sized retailers, and do away with the categories of tier-1 retailers and other-than-tier-1 retailers. They have also asked the government to register all retailers, except for those exempted from income tax. In its budget…
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Pakistan-Turkey trade on the rise | The Express Tribune
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[ad_1] KARACHI: The efficient land-based shipping between Turkey and Pakistan has improved bilateral trade, as it surpassed the $1.1 billion level during 2021. Talking to The Express Tribune, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh underlined that the bilateral trade volume between Pakistan and Turkey “is set to climb…
