Gold extends losses to reach Rs92,000 per 10gm on August 10, 2021Gold prices edged down for the third straight session in the international market on Monday and has shed almost $60 an ounce since Friday last. At 1245 hours GMT, gold in the international market was available at $1,743.40 per ounce after shedding $21.20 as compared to its closing value on Friday last. Meanwhile, the price […]
Asian markets rise but Fed taper talk, Delta keep traders on edge on August 10, 2021Asian markets rose on Monday but investors remain cautious after a forecast-beating US jobs report reinforced optimism about the economic recovery but fanned speculation that the Federal Reserve could begin tapering monetary policy this year. Spiking infections around the world from the Delta Covid variant are also jangling nerves as governments reassess their growth outlooks […]
PTI’s economic policies bear fruits in three years on August 8, 2021The Pakistan Tehreek-i-Insaaf government’s economic policies have helped the country come out of the deep crisis it was facing in 2018. A comparison data showed that the country’s current economic situation is far better than what it was in the year 2017-18. According to the data released by State Bank of Pakistan (SBP), during fiscal […]
Shipping activity at Port Qasim on August 7, 2021Shipping activity remained brisk at the port where seven ships, Irene’s Ray, Lausanne, Maple Harbour, Crystal Admirer, Chemocean Leo, NCC Tihama, and Prestigious carrying containers, coal, steel coil, soya bean, chemicals, palm oil and furnace oil were arranged berthing at container terminal, bulk terminal, multi-purpose terminal, grain terminal, engro terminal, liquid terminal and oil terminal […]
Asian markets mostly up as recovery optimism takes centre stage on August 5, 2021Asian equities mostly rose on Wednesday, continuing the recent volatile theme in global markets as optimism over the economic recovery and coronavirus vaccinations plays off against concerns about the fast-spreading Delta variant and China’s regulatory crackdown. A forecast-beating corporate earnings season and constant reassurance from the US Federal Reserve over its ultra-loose monetary policies have […]
Asian markets mixed as Delta virus variant fans recovery concerns on August 4, 2021Asian markets were mixed on Tuesday and oil extended losses as the impact of the fast-spreading Delta coronavirus variant on the global recovery fuelled concerns the outlook might not be as rosy as initially hoped. While corporate earnings continue to impress, trader optimism has taken a knock after a series of below-forecast readings from the […]
FBR notifies Export Facilitation Scheme 2021 on August 3, 2021The Federal Board of Revenue (FBR) has notified rules for new Export Facilitation Scheme 2021 which will be effective from August 14,2021. The new Export Facilitation Scheme has been approved by the federal government and passed by parliament under Finance Act 2021, said a press release issued by FBR on Monday. This scheme will run […]
Imran Khan’s geo-economic vision making way to Central Asia through peaceful Afghanistan on August 2, 2021pm-imran-khan-21-1Pakistan is setting new targets of development by creating economic linkages with Central Asia and taking the pathway of regional prosperity that traverses through a peaceful Afghanistan. The country, after its significant shift from the geo-strategic to geo-economic policies in line with the vision of Prime Minister Imran Khan, has embarked upon a journey where […]
Pakistan’s air connectivity to regional economies enhances economic integration: Zafar Bakhtawari on August 2, 2021Secretary General United Business Group (UBG) of Pakistan Zafar Bakhtawari on Sunday said that Pakistan’s air links with the outside world, especially with regional countries, are crucial for regional trade and economic integration. Promoting air, land and sea connectivity can make Pakistan a major economic and trade power at the regional level by teaming up […]
WB approves $100m to increase literacy in Sindh on July 31, 2021The World Bank’s Board of Executive Directors approved $100 million in financing to support Pakistan’s efforts to increase literacy and student retention rates in the province of Sindh. The amount has been approved for the Sindh Early Learning Enhancement through Classroom Transformation (SELECT) project that is aimed at helping the provincial government enhance investments in […]