Tribune
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Oil hits highest since 2014 on Russia-Ukraine tension | The Express Tribune
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[ad_1] LONDON: Oil rose to a seven-year high close to $90 a barrel on Wednesday, supported by tight supply and geopolitical tensions in Europe and the Middle East that raise concerns about further disruption. US President Joe Biden said on Tuesday he would consider personal sanctions on President Vladimir Putin if Russia invades Ukraine. On…
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Cotton sowing area to rise 20% | The Express Tribune
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[ad_1] MULTAN: The cotton plantation area will be increased by 20% in the upcoming season, announced South Punjab Agriculture Secretary Saqib Ali Ateel. In a meeting with Agriculture Task Force for Revival of Cotton Chairman Abid Mahmood Khagga on Tuesday, the secretary noted that best strategies were adopted during the year 2021, which resulted in…
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Alvi for boosting support to businesses | The Express Tribune
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[ad_1] SUKKUR: The government is determined to provide a conducive environment to the business community, said President Dr Arif Alvi. While addressing the office bearers and members of the Sukkur Chamber of Commerce and Industries (SCCI) on Tuesday, he said that efforts were afoot for promotion of the industrial sector of the country. “Several steps…
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Honda Atlas profit falls 41% | The Express Tribune
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[ad_1] KARACHI: Honda Atlas Cars’ profit dipped 40.68% to Rs445.9 million for October-December 2021 on the back of a surge in distribution and marketing costs and high other expenses. According to a notice sent to the Pakistan Stock Exchange on Tuesday, the company had reported a profit of Rs751.8 million in the same period of…
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‘Chip shortage to persist’ | The Express Tribune
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[ad_1] WASHINGTON: A survey of semiconductor chips producers and users shows that the shortage will persist, sparked primarily by wafer production capacity, the US Commerce Department said on Tuesday. The department said it will “engage industry on node-specific problem solving in the coming weeks. We will also look into claims about unusually high prices in…
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Fed tightening may delay Asia’s recovery | The Express Tribune
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[ad_1] TOKYO: Expected interest rate hikes by the US Federal Reserve may delay emerging Asia’s economic recovery and keep pressure on policymakers to guard against the risk of capital outflows, a senior International Monetary Fund (IMF) official said on Tuesday. Rising inflationary pressure, China’s economic slowdown and the spread of coronavirus cases from the Omicron…
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Bitcoin slips to six-month low over Ukraine conflict | The Express Tribune
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[ad_1] LONDON: Bitcoin tumbled almost 9% on Monday to its lowest in six months as fears of a Russian attack on Ukraine saw riskier assets worldwide extend their sell-off. The largest cryptocurrency was trading down 8.8% at $33,058, its lowest since July 23, taking losses from its all-time high of $69,000 hit in November past…
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CDNS acts to promote digital investment | The Express Tribune
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[ad_1] ISLAMABAD: The Central Directorate of National Savings (CDNS) has kick started the work to enhance investment opportunities and promote digital investment through many new projects. “The CDNS, in collaboration with the State Bank of Pakistan (SBP), is developing digital prize bonds, which will be available through online electronic channels,” a senior CDNS official informed…
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Live-stream selling boosts goods demand | The Express Tribune
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[ad_1] BEIJING: Live-stream selling boosted sales of Pakistani goods in the Chinese market and Pakistan could learn from the successful model of e-commerce in China, noted Badaruz Zaman, Commercial Counsellor of Pakistani Embassy in China. According to China’s leading short-form video platform Kuaishou, live-stream selling of Pakistani products, featured by Zaman during the 2022 Online…
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Vietnamese envoy stresses cooperation in rice, textile | The Express Tribune
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[ad_1] KARACHI: As big producers and strong competitors in rice and textiles segments, Vietnam and Pakistan can complement each other to create a win-win mechanism, said Vietnamese Envoy Nguyen Tien Phong. In a meeting with office bearers of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday, Phong stressed upon fast tracking the…
