Tribune
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Oil prices extend gains | The Express Tribune
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[ad_1] LONDON/NEW YORK: Oil prices extended gains on Wednesday after Moscow said peace talks with Ukraine had reached a dead end, feeding worries about tight supplies even after US crude stocks rose by more than 9 million barrels. Brent crude was up $1.94, or 1.9%, to $106.58 a barrel by 11:03 AM (1508 GMT) US…
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PTA renews mobile operator licence for $486m | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Telecommunication Authority (PTA) has renewed the licence of a mobile network operator that committed the highest-ever investment in the telecom sector. According to a statement, Pakistan Mobile Communication Limited (PMCL) – commonly known as Jazz – got its licence renewed for 15 years with a fee of $486.2 million. Out of the…
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Chinese auto firm to unveil first model by month end | The Express Tribune
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[ad_1] KARACHI: Recently, Chery Automobile Company Limited completed the body shop trials for its Tiggo series, which is the company’s first body trial out and assembly trial out in Pakistan. This means that Chery’s first model will complete its standard operating procedure and be presented to consumers by the end of this month, after three…
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K-P signs Rs7.2b deal with banks | The Express Tribune
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[ad_1] PESHAWAR: An agreement of Rs7.2 billion has been inked for the speedy completion of Khyber Pakhtunkhwa energy projects, said Khyber-Pakhtunkhwa Minister for Finance and Health Minister Taimur Saleem Jhagra. “For the first time, the projects will be funded by taking loans from banks through corporate commercial financing,” Jhagra told media during the signing ceremony…
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Tech company enters PSX GEM board | The Express Tribune
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[ad_1] KARACHI: An IT and telecommunication company has successfully raised equity financing worth Rs475 million by auctioning 18.81% stake to institutional and rich individual investors at thePakistan Stock Exchange (PSX). Supernet Limited sold a total of 21.11 million shares at a strike price of Rs22.5 per share which was determined during the Dutch auction (booking…
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Diesel set to rise above Rs200 | The Express Tribune
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[ad_1] ISLAMABAD: The price of diesel is set to cross Rs200 per litre for the first time in history on the back of soaring crude oil prices in the global market and sharp depreciation of the rupee against theUS dollar. In the second fortnight of current month starting April 16, the newly formed government would…
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IMF hopes to mobilise $45b for new trust | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund hopes to mobilise around $45 billion for a new trust to help a broader range of countries, including some middle-income economies, deal with climate change and other longer-term challenges, a paper prepared by IMF staff and reviewed by Reuters shows. The IMF’s executive board is expected on Wednesday to…
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Rice export to China rises 3.9% in Jan-Feb | The Express Tribune
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[ad_1] BEIJING: Pakistan’s rice export rose by 3.9% to $132.59 million in the first two months of this year, according to the General Administration of Customs of China (GACC). During the first two months (Jan-Feb) of 2022, bilateral trade has increased significantly and China imported more than 347,434 tons of different types of rice, increasing…
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‘High interest rate threatens SMEs’ | The Express Tribune
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[ad_1] KARACHI: The business community has termed high interest rates threat to the survival of small and medium enterprises and cited that it caused significant increase in the cost of doing business for industries. In a joint statement, Pakistan Yarn Merchants Association (PYMA) Chairman Saqib Naseem and Vice Chairman for Sindh Muhammad Junaid Teli urged…
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Telecom group seeks withholding tax reduction | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) group has urged the newly established government to cut withholding tax (WHT) in the upcoming budget. In a statement on Wednesday, PTCL Chief Financial Officer (CFO) Nadeem Khan stressed the need for continuation of the policy which the previous government embarked upon. He recalled that the previous…
