Tribune
-
Minister terms cloud policy major milestone | The Express Tribune
.
[ad_1] ISLAMABAD: The first Cloud Policy of the country, formulated by the Ministry of IT and Telecommunication, is greatest milestone achieved by Pakistan and efforts are being made to connect the country to rest of the globe, said Federal Minister for IT and Telecommunication Syed Aminul Haque. Addressing the Pakistan Cloud Summit 2022 on Friday,…
-
E-commerce aids packaging sector | The Express Tribune
.
[ad_1] KARACHI: The thriving e-commerce industry in Pakistan has simultaneously proved to be a blessing for the packaging sector, which is recording a phenomenal growth in recent months. Topline Securities Research Analyst Mehroz Khan underlined that the sector, which included flexible packaging, film packaging, paper and paperboard, etc was likely to be a major beneficiary…
-
Market watch: Gloomy political outlook pulls stocks down | The Express Tribune
.
[ad_1] KARACHI: Bears maintained their stranglehold on the Pakistan Stock Exchange on Friday, as the benchmark KSE-100 index registered a plunge of 777 points mainly owing to a deteriorating macroeconomic outlook. Persistent disturbance on the country’s political scene took its toll on investor interest as the index remained in the negative territory throughout the day…
-
Wheat support price jacked up to Rs2,200 | The Express Tribune
.
[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday increased the wheat support price by nearly 13% to Rs2,200 per 40 kilogrammes for the new crop and allowed nearly Rs79 billion more subsidies to farmers and to partially clear the circular debt. The ECC, which held its fourth meeting in 12 days,…
-
IMF terms Fed tightening appropriate | The Express Tribune
.
[ad_1] The US Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does bring risks for emerging market countries dependent on dollar funding, IMF spokesman Gerry Rice said on Thursday. Speaking at a regular IMF news conference a day after the Fed raised interest…
-
Japan parts makers halt operations | The Express Tribune
.
[ad_1] TOKYO: Japan’s Renesas Electronics Corp, Murata Manufacturing, Sony Group Corp and other precision parts makers halted some operations on Thursday after an earthquake jolted the country’s northeast, the latest blow to the global supply chain. Even as Japan’s dominance of consumer electronics had faded, manufacturers have carved out a world-leading niche in highly specialised…
-
Looming oil crisis perturbs senators | The Express Tribune
.
[ad_1] ISLAMABAD: The Senate Standing Committee on Petroleum has expressed apprehension about the looming diesel crisis in the country, advising the government to take timely measures in order to prevent any such calamity. In a meeting held on Thursday to review petroleum imports, supplies and pricing strategies in the wake of Russia-Ukraine conflict, the committee…
-
SBP reserves fall $381m to $15.83 billion | The Express Tribune
.
[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 2.35% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 11, the foreign currency reserves held by the SBP were recorded at $15,831.6 million, down $381 million compared with $16,212.2 million on March…
-
Rupee slides below 180 against dollar | The Express Tribune
.
[ad_1] KARACHI: The rupee continued to lose ground against the US dollar as it depreciated to a historic low of Rs180.07 in the inter-bank market on Thursday. According to the State Bank of Pakistan (SBP), the Pakistani rupee had closed at Rs179.44 against the greenback on Wednesday. A report of Arif Habib Limited stated that…
-
Oil surges 7% to over $100 | The Express Tribune
.
[ad_1] Oil prices climbed about 7% on Thursday, continuing a series of wild daily swings, as the market rebounded from several days of losses on renewed focus on supply shortages in coming weeks due to sanctions on Russia. Oil benchmarks in recent weeks have experienced their most volatile period since mid-2020. After sliding as buyers…
