Tribune
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China to review new SEZ proposal | The Express Tribune
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[ad_1] ISLAMABAD: China has agreed to consider Pakistan’s request for setting up a government-owned Special Economic Zone (SEZ) aimed at reducing construction time and addressing financing issues amid Islamabad’s inability to make special zones operational. The request was made during sixth meeting of the Joint Working Group (JWG) on Industrial Cooperation on Friday. The meeting…
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PM to pass on burden of POL price hike to next govt | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan on Friday rejected an increase in the prices of petroleum products, passing on this burden to the upcoming government. The Petroleum Division had tabled a proposal of increasing oil prices to do away with the price differential claims that had been going up. The issue was taken up during…
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Food prices hit record high in March | The Express Tribune
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[ad_1] PARIS: World food prices jumped nearly 13% in March to a new record high as the war in Ukraine caused turmoil in markets for staple grains and edible oils, the UN food agency said on Friday. The Food and Agriculture Organisation’s (FAO) food price index, which tracks the most globally traded food commodities, averaged…
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Sustainable bond issuance takes hit | The Express Tribune
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[ad_1] WASHINGTON: Global sustainable bond issuance slowed faster than the broader market in the first quarter, hit by a surge in market volatility after Russia invaded Ukraine and tightening monetary policy around the world. The slowdown followed record issuance of bonds linked to environmental or social goals in 2021, data from Refinitiv showed. Total issuance…
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Germany plans over €100 billion aid for companies | The Express Tribune
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[ad_1] BERLIN: Germany plans to offer more than €100 billion ($108.8 billion) worth of aid to companies hit by fallout from the war in Ukraine, according to a document from the finance and economy ministries seen by Reuters on Friday. In the plan, later published by the ministries, the government labelled the aid a “protective…
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Market watch: Political clarity drives rally at bourse | The Express Tribune
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[ad_1] KARACHI: Bulls returned to the Pakistan Stock Exchange on the final day of the week, pushing up the KSE-100 index by over 650 points as the market reacted positively to the Supreme Court’s verdict that crushed National Assembly deputy speaker’s ruling and reinstated the National Assembly. Late on Thursday, the apex court released the…
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SBP succumbs to reality | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) has finally taken a much overdue and corrective decision by increasing the policy rate, by a massive 250 bps to 12.25%. To put this move into context, such a large jump has not been witnessed in the 21st century. Interestingly, the SBP has not given any forward guidance…
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Annual inflation at 21-year high | The Express Tribune
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[ad_1] MEXICO CITY: Mexican consumer prices rose in March to levels not seen since early 2001, with economists saying the data suggests more interest rate hikes are likely, as the central bank underscored the balance of risks for inflation deteriorated again. Consumer price inflation rose 7.45% in the year through March, way more than the…
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Moscow doubles subsidies | The Express Tribune
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[ad_1] MOSCOW: Moscow has doubled the state support available for opening a fast food chain in the city to 5 million roubles ($63,000), a city spokeswoman told Reuters, hoping this will help plug the gap left by foreign fast food chains that suspended activities. Western companies from McDonald’s and Starbucks to Deutsche Bank and Shell…
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Cloud technology to steer Vision 2025 | The Express Tribune
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[ad_1] KARACHI: Experts have observed that cloud technology has become fundamentally important for the digital transformation of businesses and public sector enterprises. By 2025, more than 70% of the world’s enterprises and public sector entities will be using cloud technology. Cloud technology can play an important role in achieving the goals of digital transformation and…
