Tribune
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272 start-ups graduate from NIC | The Express Tribune
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[ad_1] ISLAMABAD: Start-ups numbering 272 have graduated from Ignite’s National Incubation Centre with total investment commitment of Rs8 billion and cumulative revenue of Rs3 billion, said Federal Minister for Information Technology and Telecommunication Syed Aminul Haque. Speaking at the “Accelerator Programme for Women Entrepreneurs” on Monday, the minister highlighted that those nascent companies had created…
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Pakistan yet to take full advantage of GSP+ | The Express Tribune
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[ad_1] KARACHI: Pakistan’s Generalised Scheme of Preferences (GSP+) status is about to end in December 2023, but the country is yet to take full advantage of the scheme. Contrary to the objective of GSP+ status, ie trade diversification, Pakistan is heavily relying on only textiles to date. For the continuation of GSP+ status beyond 2023,…
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Market watch: Falling rupee drags index down | The Express Tribune
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[ad_1] KARACHI: Bears held their ground and dominated trading at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index plummeted by 1,448 points after staying in the negative region throughout the day. Dwindling macroeconomic indicators amid continuous fall in the rupee value against the US dollar – which depreciated by around Re1 on…
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Market watch: Stocks plunge on falling rupee | The Express Tribune
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[ad_1] KARACHI: Bears pushed bulls to the sidelines and firmly dominated trading at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index plummeted by 1,448 points after staying in the negative zone throughout the day. Weakening macroeconomic indicators amid continuous depreciation of the rupee against the US dollar – which fell by around…
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PM Shehbaz imposes ban on sugar export | The Express Tribune
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[ad_1] Prime Minister Shehbaz Sharif on Monday imposed a complete ban on the export of sugar in the country. The premier made the announcement through his official Twitter handle. “Given the domestic demand, I have ordered a complete ban on the export of sugar,” he said. Given the domestic demand, I have ordered a complete…
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PSX bleeds over 1,000 points amid political uncertainty | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) declined by over 1,000 points on Monday as investors resumed the selling spree owing to economic uncertainty and political turmoil in the country. The PSX benchmark KSE-100 Index was down by over 2 per cent to 43,903 points by mid-day. “Stocks faced selling pressure amid a one-week delay…
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Bitcoin falls to 22-month low as stock markets tumble | The Express Tribune
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[ad_1] HONG KONG/ LONDON: Bitcoin fell to its lowest level since July 2021 on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks. Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT, in its fifth consecutive session of falling. The…
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Lack of proper public transport system | The Express Tribune
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[ad_1] KARACHI: At a time when demand for locally manufactured buses is extremely low and the original equipment manufacturers (OEMs) struggle to bear costs and keep running their plants, the transport system and infrastructure has not provided any relief either. The main reason why intra-city bus transport is not popular is that there is no…
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The struggling bus industry | The Express Tribune
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[ad_1] KARACHI: Buses are vehicles in which everybody can travel – whether rich or poor – but the former usually have their own car or luxury vehicle. Though many in Pakistan do not have enough purchasing power to buy a car, who may opt for public transport to commute, the production of buses gets little…
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Underutilising country’s resources | The Express Tribune
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[ad_1] KARACHI: Pakistan has been blessed with abundant resources but due to one reason or the other, the country could not efficiently utilise them to achieve sustainable growth and economic prosperity. The oil refining industry is a prime example of how a resource that could play a critical role in the country’s economy has been…
