Tribune
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Wheat donation to Kabul withdrawn | The Express Tribune
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[ad_1] ISLAMABAD: The government on Thursday reversed its decision to donate 50,000 tons of wheat to Afghanistan and also rejected a proposal to fix wheat procurement price at Rs2,200 per 40 kg for the new crop. The Economic Coordination Committee (ECC) of the cabinet deferred a proposal to give the nod to a Ramazan relief…
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Oil tops $105 after Russia attacks Ukraine | The Express Tribune
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[ad_1] NEW YORK: Oil prices jumped on Thursday, with Brent crude rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against…
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Current account gap soars to $2.56b | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economy received a shock on Thursday when the central bank reported that the current account deficit (CAD) – the gap between country’s higher foreign expenditures and lower income – widened to a historic high at $2.56 billion in January 2022. A hefty import bill and drop in the flow of workers’ remittances…
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Pakistan to roll out 5G by April 2023 | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has prepared a policy framework aimed at rolling out 5G and advanced technology for it will be available by April 2023, said PTA Chairman Amir Azeem Bajwa. “PTA has developed a framework and it will be made available after successful trials of the next generation wireless network by…
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SBP reserves fall $289m to $16.8b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank dropped 1.69% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 18, the foreign currency reserves held by the SBP were recorded at $16,806.5 million, down $289 million compared with $17,095.8 million on February…
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SEPA seals factory over failure to control pollution | The Express Tribune
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[ad_1] KARACHI: The Sindh Environmental Protection Agency (SEPA) has sealed a factory of petrocarbon products for polluting the air by discharging harmful pollutants without any mitigation measures. According to details, Sindh Environmental Protection Agency (SEPA) Director General Naeem Mughal had earlier issued an Environmental Protection Order (EPO) to the factory situated in Bin Qasim Town.…
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$55m penalty imposed on local bank | The Express Tribune
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[ad_1] KARACHI: The US authorities have imposed a fine of $55 million on a local bank for alleged violation of anti-money laundering (AML) laws and repeated failure to operate its New York branch in compliance of the US laws. The US imposed the fine on the National Bank of Pakistan (NBP) on the day Prime…
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Foreign exchange: SBP reserves fall $289m to $16.8b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank dropped 1.69% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 18, the foreign currency reserves held by the SBP were recorded at $16,806.5 million, down $289 million compared with $17,095.8 million on February…
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Ukraine crisis batters KSE-100 index in intra-day trading | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange felt the heat of the geopolitical tensions on Thursday and the KSE-100 index dived close to 1,000 points in intra-day trading, fuelled by Russia’s attack on Ukraine. Ukraine Foreign Minister Dmytro Kuleba confirmed in a tweet that Russia had launched a full-scale invasion of Ukraine and Kremlin was targeting…
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Market watch: Ukraine crisis batters KSE-100 index | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange felt the heat of the geopolitical tensions on Thursday and the KSE-100 index dived over 1,300 points, fuelled by Russia’s attack on Ukraine. Ukraine Foreign Minister Dmytro Kuleba confirmed in a tweet that Russia had launched a full-scale invasion of Ukraine and Kremlin was targeting cities with weapon strikes.…
