Category: Business

Govt to privatise up to 50 state-owned enterprises: Ahad Cheema | The Express Tribune

February 17, 2025 Admin No Comments

Listen to article The government is set to privatise up to 50 state-owned enterprises (SOEs) over the next 3 to 4 years, Minister for Economic Affairs Ahad Cheema announced during a meeting with a World Bank (WB) delegation on Monday. Cheema met with a delegation of Executive Directors (EDs) and Alternate Executive Directors (AEDs) from the World…

Business

Gold prices witness significant drop in Pakistan – SUCH TV

February 15, 2025 Admin No Comments

A significant drop of Rs. 4,700 per tola in gold prices was recorded in the local market today. According to the All Sarafa Association, after this decline, the price of gold per tola in Pakistan now stands at Rs. 301,500. Similarly, the price of 10 grams of gold decreased by Rs. 4,030, reaching Rs. 258,487….

Business

India Doesn’t Expect Major Impact From Donald Trump’s Reciprocal Tariffs: Sources – News18

February 13, 2025 Admin No Comments

Last Updated:February 13, 2025, 20:57 IST Modi-Trump Meet: Tariffs are expected to be on the table as the two world leaders meet in the White House during PM Modi’s two-day visit to the United States. PM Modi US Visit LIVE Updates: US President Donald Trump holds a bilateral meeting with Prime Minister Narendra Modi. (IMAGE:…

Business

Average Tax Under GST Dips From 15.8 Per Cent To 11.3 Per Cent, Says FM Nirmala Sitharaman In Rajya Sabha

February 11, 2025 Admin No Comments

New Delhi: Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation. She stated that the average tax under the previous indirect tax regime was 15.8 per cent, under GST it has now come down to…

Business

Federal Financial Watchdog Ordered to Cease Activity

February 9, 2025 Admin No Comments

Employees of the Consumer Financial Protection Bureau were instructed to cease “all supervision and examination activity” and “all stakeholder engagement,” effectively stopping the agency’s operations, in an email from the director of the Office of Management and Budget, Russell Vought, on Saturday evening. Mr. Vought, who was confirmed this week to lead the Office of…

Business

Reeves hit by gloomy growth forecast despite interest rate cut

February 6, 2025 Admin No Comments

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email Rachel Reeves has been dealt a further blow in her bid to fulfil Labour’s primary mission of reigniting economic growth, as a downgraded forecast overshadowed news…

Business

Ola CEO to invest Rs 2,000 crore in AI startup, Krutrim – The Times of India

February 4, 2025 Admin No Comments

Ola Group founder Bhavish Aggarwal on Tuesday announced that he will invest Rs 2,000 crore into his AI startup, Krutrim with a commitment of Rs 10,000 crore by next year. He also announced the launch of the Krutrim AI Lab, releasing the company’s work to the open-source community. “Also announcing India’s first GB200 deployment in…

Business

Barclays bank working to update balances after tech outage

February 2, 2025 Admin No Comments

Barclays has said the “technical issue” impacting payments and transactions for customers has been resolved, but is still working on updating bank balances for some customers. The bank said delayed payments had been processed but that it was still “addressing any outstanding issues”, following days of disruption. On Friday when the outage began, customers told…

Business

PSX sees strong rally, Index climbs 1,000 points | The Express Tribune

January 31, 2025 Admin No Comments

Listen to article The Pakistan Stock Exchange (PSX) recorded a positive performance at the end of the business week, with the index rising by 1,562.35 points with the benchmark index rising by 1.38%. The market’s current index stood at 114,768.75 points during intra-day trading. PSX marking an increase of 1,562.35 points from the previous session’s closing of…

Business

Finance minister assures commitment to IMF agreement – SUCH TV

January 29, 2025 Admin No Comments

Finance Minister Muhammad Aurangzeb has assured the government’s resolve to stand firm by its commitments to the $7 billion International Monetary Fund (IMF) programme. “We are in a three-year Fund programme and know where we are, what we have committed and we are going to stay firm on those commitments,” said the finance minister while…

Business