Tribune
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‘Faisalabad ready to lift economy’ | The Express Tribune
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[ad_1] FAISALABAD: After excelling in the field of textile, Faisalabad is ready to lead the national economy with phenomenal growth in conventional and emerging industrial sectors, remarked Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood. Speaking at the Pakistan Economic Conference (PEC) 2022 on Saturday, the PM aide appreciated the dynamism and…
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Current account deficit shrinks to $0.5 billion | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan revealed on Friday that the country’s current account deficit had shrunk to $0.5 billion in February, the lowest monthly deficit recorded this fiscal year. The premier took to his official Twitter handle to state that “timely action to contain current account deficit” had borne fruit, and that the current…
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Rupee hits new low vs dollar | The Express Tribune
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[ad_1] KARACHI: The rupee weakened against the US dollar at Rs180.57 in the inter-bank market on Friday compared with Thursday’s close of Rs180.07, 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 wake…
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Kazakhstan eager to import rice | The Express Tribune
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[ad_1] ISLAMABAD: Kazakhstan is interested in importing rice directly from Pakistan, said the Central Asian republic Ambassador Yerzhan Kistafin. In a meeting with Federal Minister for National Food Security and Research Syed Fakhar Imam on Friday, the Kazakhstan envoy said that his country was buying the commodity from Russia. He pointed out that Kazakhstan was…
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Gold set for worst week since November | The Express Tribune
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[ad_1] WASHINGTON: Gold was on track for its biggest weekly drop in nearly four months on Friday, after demand for the safe-haven metal was hit by hopes of progress in peace talks between Russia and Ukraine as well as a US interest rate hike. Spot gold slipped 0.6% to $1,931.90 per ounce, as of 10:30…
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‘ADB’s support different from IMF’ | The Express Tribune
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[ad_1] LAHORE: The funding of the Asian Development Bank focus on SMEs, women entrepreneurship and eradication of poverty, said Asian Development Bank Vice President Shixin Chen. Speaking to the business community at the Lahore Chamber of Commerce and Industry on Friday, he said that ADB was supporting incubation centers besides focusing on public-private partnership. “ADB’s…
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President for ease of doing business, innovation | The Express Tribune
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[ad_1] ISLAMABAD: Ease of doing business and use of innovative strategies by incorporating digital technology is essential to ensure sustainable business activities in the country, said President Dr Arif Alvi. Addressing the launch of Asaan Karobar Programme, organised by the Board of Investment on Friday, the president emphasised that a conducive regulatory environment in Pakistan…
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Big industries expand 7.6% in Jul-Jan | The Express Tribune
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[ad_1] ISLAMABAD: Large industries of Pakistan posted 7.6% growth in the first seven months of current fiscal year on the back of increase in output of almost all major industries after the downward growth paused for the first time in five months. The pace of growth in large-scale manufacturing (LSM) industries increased to 7.6% during…
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Austrian firms show interest in WAPDA projects | The Express Tribune
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[ad_1] LAHORE: Austrian firms will make use of the opportunities embedded in the projects of Water and Power Development Authority (Wapda), said Austrian Foreign Minister Alexander Schallenberg, hoping that they could become partners for mutual progress. During a visit to the Wapda House on Friday, the foreign minister, accompanied by Austrian Ambassador Nicolaus Keller and…
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Oil prices remain over $100 | The Express Tribune
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[ad_1] LONDON: Oil prices edged higher on Friday, still above $100 a barrel, but were set for a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in a tight market. Brent crude futures rose $0.38, or 0.7%, to $107.02 a barrel by 12:05 PM EST (1505 GMT),…
