Tribune
-
Profit repatriation stands at $891m | The Express Tribune
.
[ad_1] KARACHI: Multinational companies (MNCs) based in the United Kingdom and United States reported the largest profit repatriations from Pakistan to their home countries during the first half of current fiscal year. Companies from the UK repatriated around $170.3 million while US-based firms sent around $146.7 million back to their home countries during the period…
-
Market watch: Stocks close flat on economic uncertainty | The Express Tribune
.
[ad_1] KARACHI: Uncertainty shrouded the Pakistan Stock Exchange on Friday and a mixture of bullish and bearish sentiment led to a flat close of the benchmark KSE-100 index on last trading day of the week. While the market cheered the approval of State Bank of Pakistan (SBP) Amendment Bill by the Senate and saw fresh…
-
Oil heads for sixth weekly gain amid supply concerns | The Express Tribune
.
[ad_1] LONDON,: Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up $0.63, or 0.7%, at $89.97 a barrel by 1013 GMT, having hit $91.04 on Thursday for their highest since October 2014. US West Texas Intermediate (WTI) crude futures…
-
US banks look forward to growth | The Express Tribune
.
[ad_1] NEW YORK: US banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the US economy expands and the Federal Reserve prepares to raise interest rates for the first time in three years. The Fed’s move could bring an end to the low interest-rate environment which…
-
Employers urged to support EOBI | The Express Tribune
.
[ad_1] FAISALABAD: Employers, employees and government should make sincere and collaborated efforts to continue the welfare scheme, offered by the Employees’ Old-Age Benefits Institution (EOBI), in a sustainable manner, EOBI Chairman Shakeel Ahmed Mangnejo emphasised. Speaking to the business community at the Faisalabad Chamber of Commerce and Industry (FCCI) on Thursday, Mangnejo said that employers…
-
Rupee stable against dollar | The Express Tribune
.
[ad_1] KARACHI: The rupee remained unchanged against the US dollar to Rs176.98 in the inter-bank market on Thursday compared with Wednesday’s close of Rs176.98, according to the State Bank of Pakistan (SBP). On December 29, 2021 the rupee hit an all-time low of Rs178.24 against the greenback as demand for the dollar was higher compared…
-
SBP reserves fall $846m to $16.19b | The Express Tribune
.
[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell 4.96% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 21, the foreign currency reserves held by the SBP were recorded at $16,190.1 million, down $846 million compared with $17,035.7 million on January…
-
Persistent gas crisis vexes industrialists | The Express Tribune
.
[ad_1] KARACHI: Industrialists of Karachi have lambasted the government over lack of action towards the resolution of the issue of gas scarcity. They cited that businessmen had faced colossal financial and production losses in the last 66 days due to the unavailability of vital input. “The government’s indecisiveness on this front has disrupted Pakistan’s export…
-
Sino-Pak cooperation to boost wheat output | The Express Tribune
.
[ad_1] KUNMING: The production of wheat, Pakistan’s most important crop, is expected to rise with Sino-Pak cooperation, according to China’s Yunnan Academy of Agricultural Sciences (YAAS). “Yunnan and Pakistan have similarities in climate, wheat variety characteristics, cultivation conditions, confronted with shared challenges including stripe rust, drought, high temperature, etc,” Luo Yanjie, Head of YAAS International…
-
Govt clears cars stuck at ports | The Express Tribune
.
[ad_1] ISLAMABAD: In a major relaxation, the government has allowed the release of vehicles imported by overseas Pakistanis as they have been stuck at ports since January 2021. According to the Commerce Division, the government has allowed the overseas Pakistanis to import up to five-year-old used vehicles under the residence and gift schemes in accordance…
