Tribune
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PSX dominates global markets | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) wrapped up the trading week on a historic note as the benchmark KSE-100 index soared to an unprecedented all-time high above 66,000 points. This record-setting close was fueled by the visit of Caretaker Prime Minister Anwaarul Haq Kakar, who marked the launch of a Rs30 billion Ijara Sukuk. The…
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China’s consumer prices fall fastest in 3 years | The Express Tribune
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[ad_1] BEIJING: China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery. The Consumer Price Index (CPI) dropped 0.5% both from a year earlier and compared with October, data from the National Bureau of Statistics (NBS)…
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Urea shortage hits farmers hard | The Express Tribune
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[ad_1] LAHORE: Pakistan Kissan Ittehad (PKI) President Khalid Mahmood Khokhar has said that urea shortage is being faced by farmers as its consumption is estimated at 6.7 million tons per annum following an increase in plantation area and growing use of the commodity in cereal and cotton crops. Talking to media on Friday, Khokhar mentioned…
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Textile industry unveils $50b export plan | The Express Tribune
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[ad_1] ISLAMABAD: The textile industry has submitted an ambitious plan to the government for achieving a $50 billion export target as it comes up with a set of recommendations for removing barriers and providing incentives to extend the outreach in international markets. The industry has proposed the setting up of 1,000 garment plants on a…
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Remittances slow down to $2.25b | The Express Tribune
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[ad_1] KARACHI: The remittances sent home by overseas Pakistanis slowed down to $2.25 billion in November 2023 partly due to the return of volatility in rupee-dollar exchange rate in the first half of the month and partly because of a global economic slowdown. The remittances dropped from a seven-month high of $2.46 billion reached in…
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Govt poised to float Rs30b Sukuk at PSX | The Express Tribune
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[ad_1] KARACHI: In a first, the Pakistan Stock Exchange (PSX) is all set to facilitate the government in raising Rs30 billion through the auction of one-year Ijarah Sukuk on Friday (today), potentially at a lower rate of return, which the common man can buy with investment of as low as Rs5,000. Talking to The Express…
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Revenue spike helps contain deficit | The Express Tribune
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[ad_1] ISLAMABAD: A one-off sudden spike in non-tax revenues has helped the government restrict the budget deficit to just Rs900 billion during the first four months of this fiscal year, despite a surge in interest payments to a staggering Rs2.3 trillion. The higher non-tax revenues, which multiplied to Rs1.6 trillion, have also camouflaged the poor…
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Proud moment for Pakistan: Fatima Fertilizer’s | The Express Tribune
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[ad_1] With its innovative “Salam Kissan” campaign, Fatima Fertilizer has once again earned international acclaim and won the prestigious Drum Award 2023 in London, in the category, “Social Purpose: Social Media ”. With the slogan “Life without Kissan (Farmers),” the campaign aimed to illustrate the reality of a world without farmers. The outstanding achievement displays…
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Finance Ministry opposes new power sector management proposal | The Express Tribune
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[ad_1] ISLAMABAD: The finance ministry has not supported an official proposal to appoint senior armed forces officers as heads of new Performance Management Units (PMUs) in the rotten power distribution companies to improve their management. But the finance ministry backed the original decision of the Special Investment Facilitation Council (SIFC) to give a role to…
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PSX hits new high, crosses 63,500 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high of over 63,500 points before mid-day on Wednesday, as the return of foreign investors to the local bourse provided confidence for local investors to continue buying stocks. PSX benchmark KSE-100 Index rose to a new high at 63,611.50 points, increasing by 1pc, or…
