Tribune
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Partnership to boost green energy | The Express Tribune
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[ad_1] KARACHI: China and Pakistan’s partnership in renewables will be helpful in rapidly shifting of the latter towards green energy and Islamabad has massive potential to benefit from technology and expertise of Beijing, Chinese Consul General in Karachi Li Bijian. Speaking at a memorandum of understanding signing ceremony at a hospital in Karachi on Friday,…
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SECP chairman regrets low infrastructure spending | The Express Tribune
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[ad_1] ISLAMABAD: One of the pivotal concerns in the developing world is finite spending capabilities of governments to bridge the infrastructure financing gap, said Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan. Speaking at a session titled ‘Financing Infrastructure via Capital Markets’ on Friday, he said that this was the reason why attracting…
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Indonesia to help expand trade | The Express Tribune
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[ad_1] ISLAMABAD: Indonesia can play a significant role in boosting economic and trade opportunities for Pakistan as it can provide Islamabad access to the Association of Southeast Asian Nations (Asean) market, said Indonesia Ambassador Adam Mulawarman Tugio. Speaking at the National Press Club on Friday, the envoy said that a free trade agreement (FTA) had…
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Market watch: Bourse creeps up amid mixed activity | The Express Tribune
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[ad_1] KARACHI: Uncertainty persisted at the Pakistan Stock Exchange on Friday as the benchmark KSE-100 index endured range-bound trading but managed to inch up in the end to close the week on a positive note. Many market players opted to stay on the sidelines due to the prevailing political turmoil in the country amid continuously…
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Don’t weep for lost coins | The Express Tribune
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[ad_1] PUBLISHED March 27, 2022 Chainalysis estimates that 20 per cent of all mined BTC has been lost, and recently an engineer has managed to hack a Trezor One wallet to recover $2 million within it. Taking into account how many crypto users may have lost by simply getting locked out of their wallets, what…
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Unregulated and forbidden, crypto still thrives in Pakistan | The Express Tribune
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[ad_1] PUBLISHED March 27, 2022 KARACHI: Pakistan is one of the fastest-growing economies with a youth bulge of 65 per cent, rapid technology adaptation, and a government trying to enable a business-friendly legislative framework. The latest data from Sensor Tower shows that Binance, KuCoin, Crypto Blockfolio, OKeX, and are the top cryptocurrency exchanges in Pakistan,…
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ECB to tighten access to loans | The Express Tribune
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[ad_1] FRANKFURT: The European Central Bank will tighten banks’ access to its liquidity from July by phasing out exceptionally easy collateral rules introduced at the onset of the coronavirus pandemic, the ECB said on Thursday. The move marks another step towards ending the extraordinary support measures the bank deployed to cushion the economic impact of…
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Rupee unchanged against dollar | The Express Tribune
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[ad_1] KARACHI: The rupee remained unchanged against the US dollar at Rs181.73 in the inter-bank market on Thursday compared with Tuesday’s close of Rs181.73, according to the State Bank of Pakistan (SBP). It was an all-time low value for the local currency as demand for the dollar stood higher compared to its supply in the…
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Pakistan, Saudi Arabia to invest in diverse fields | The Express Tribune
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[ad_1] ISLAMABAD: There is a need for increasing investment by Pakistan and Saudi Arabia in diverse fields, remarked Saudi Arabian Minister for Investment Khalid Al-Falih. In a meeting with Minister of State and Board of Investment (BOI) Chairman Muhammad Azfar Ahsan in Tashkent on Thursday, he proposed the creation of a joint team comprising officials…
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SBP reserves drop $869m to $14.96b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 5.49% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 18, the foreign currency reserves held by the SBP were recorded at $14,962.4 million, down $869 million compared with $15,831.6 million onMarch 11.…
