Tribune
-
Rupee depreciates to 5-week low | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency on Thursday hit a five-week low at Rs278.48 against the US dollar in the inter-bank market, maintaining its downward trend over the past one month amid speculation about lower supply of the foreign currency and an…
-
RDA inflows at 19-month high | The Express Tribune
.
[ad_1] KARACHI: The foreign currency investment made by overseas Pakistanis through the Roshan Digital Account (RDA) reached a 19-month high at $182 million in March 2024, which indicated an increase in confidence of expatriate Pakistanis in the national economy. According…
-
Stocks soar to new high above 72k | The Express Tribune
.
[ad_1] KARACHI: Bulls made a comeback at the Pakistan Stock Exchange (PSX) on Wednesday as the KSE-100 index touched a new peak above the 72,000-point mark over improved economic prospects. Earlier, trading began on an optimistic note and the KSE-100…
-
Oil prices fall as ME tensions ease | The Express Tribune
.
[ad_1] LONDON: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world’s largest oil consumer slowed, however, a fall in US crude oil inventories put a floor on…
-
Industrialists urge action on Pak-Iran trade targeting $10b | The Express Tribune
.
[ad_1] KARACHI: Welcoming the Pak-Iran bilateral trade target of up to $10 billion, industrialists, exporters, and importers have called for exploring avenues for local currency or barter trade, tapping into Iran’s potential in the energy sector, and resolving the Pakistan-Iran…
-
IMF board to finalise $1.1b disbursement on Monday | The Express Tribune
.
[ad_1] KARACHI: The executive board of the International Monetary Fund (IMF) will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the fund said on Wednesday. The funding is the second and last tranche of…
-
Power sector needs new roadmaps | The Express Tribune
.
[ad_1] ISLAMABAD: The chief executive officer of K-Electric (KE) has stressed that privatisation is the way forward to address the circular debt and formulation of clear long-term roadmaps can expedite the energy sector’s progress. He stated this while speaking at…
-
C/A surplus hits 9-year high | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s current account balance made history by hitting a nine-year high surplus of $619 million in March 2024. This reduced the cumulative current account deficit to $508 million in the first nine months of the fiscal year 2023-24….
-
March 2024 records highest-ever IT exports | The Express Tribune
.
[ad_1] ISLAMABAD: ICT export remittances surged by $339 million (17.44%) to $2.283 billion during July 2023 to March 2024 of FY2023-24 compared to $1.944 billion reported for the same period last year. In March 2024, ICT services export remittances surged…
-
Notable oil and gas reserves discovered in Sindh’s Daharki | The Express Tribune
.
[ad_1] DAHARKI: In a significant development that brings relief to the people of Pakistan grappling with a persistent gas shortage, Mari Petroleum Company Limited (MPCL) on Monday announced the discovery of notable oil and gas deposits in Daharki district of…
