Tribune
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SPI increases 0.52% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended March 10, 2022 registered an increase of 0.52% for the combined income group, going up from 170.53 points during the week ended March 3, 2022 to 171.41 points in the week under review. The SPI for the combined income group rose 16.49% compared to the…
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Oil rises as traders assess supply issues | The Express Tribune
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[ad_1] BENGALURU: Oil prices rose Friday but were still headed for a weekly decline as traders weighed headlines around Russia and Iran suggesting more possible supply disruptions, versus those promising remedies in a tight market. Benchmark futures have soared since Russia’s invasion of Ukraine and hit their highest levels since 2008 at the start of…
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World Bank okays $435m loans for Punjab | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank has approved three loans totaling $435 million for the housing sector in Punjab, said the local office of the lender on Friday – the day Prime Minister Imran Khan once again blamed his political rivals for sinking the country into foreign debt. The World Bank’s board of executive directors approved…
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Lawlessness in Karachi perturbs business community | The Express Tribune
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[ad_1] KARACHI: The business community has expressed serious concern over the growing menace of land grabbing amid a deteriorating law and order situation in Karachi. Karachi Chamber of Commerce and Industry (KCCI) President Muhammad Idrees underlined that land grabbing activities were again on the rise, particularly in District West, Malir district, Scheme 33 and Jamshoro…
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SAAF scheme to enhance access to finance for SMEs | The Express Tribune
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[ad_1] LAHORE: Firms should avail low cost housing scheme loans for the construction of five to 10 marla houses for their employees, said State Bank of Pakistan Governor Dr Reza Baqir. Speaking to the Lahore Chamber of Commerce and Industry (LCCI) President Mian Nauman Kabir on Friday, he added that the risk of these loans…
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85 Sindh villages to get gas supply | The Express Tribune
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[ad_1] ISLAMABAD: In a bid to avoid contempt of court, the federal government on Friday approved Rs747.5 million in supplementary grant in an emergency meeting to provide gas connections for 85 villages in Sindh. Finance Minister Shaukat Tarin chaired the Economic Coordination Committee (ECC) meeting through video link and approved the Ministry of Energy’s summary…
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Sri Lanka to start talks with IMF on debt restructuring | The Express Tribune
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[ad_1] COLOMBO: Sri Lanka will begin talks with the International Monetary Fund (IMF) next month on a plan to help the crisis-hit country, including assistance with debt restructuring and managing its foreign exchange shortage, three sources said on Friday. Sri Lanka is facing its worst financial crisis in years. With foreign exchange reserves standing at…
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Global financial conditions at tightest since May 2009 | The Express Tribune
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[ad_1] WASHINGTON: Global financial conditions have reached their tightest since May 2009, according to a widely watched Goldman Sachs index, a possible sign of a world economic slowdown. Financial conditions reflect the availability of funding in an economy and, perceived as strongly correlated with future growth, are watched closely by central bankers. How loose or…
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Govt looks to lift soybean output | The Express Tribune
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[ad_1] ISLAMABAD: Keeping in view the high prices of soybean and palm oil in the global market, the government has decided to offer incentives to growers in the upcoming budget to increasing the domestic farming of the two commodities. Sources told The Express Tribune that Finance Minister Shaukat Tarin had directed the Ministry of National…
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Market watch: Political pressure takes toll on PSX | The Express Tribune
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[ad_1] KARACHI: The intensifying political heat in the country took a toll on the Pakistan Stock Exchange on Friday as the benchmark KSE-100 index dipped 200 points during a tumultuous session. While first half of the session saw the index trade in a narrow range, selling pressure was evident in the second half, which dragged…
