Tag: Latest

‘Extortion plaguing Karachi industries’ | The Express Tribune

December 27, 2023 Admin No Comments

KARACHI: Businesspeople have expressed grave concerns and fretted about rising extortion slips and the targeted killing of traders, demanding that the government and law enforcement agencies take action against criminals spreading terror in north Karachi, Kharadar, Mithadar, Korangi, and other areas. Speaking to The Express Tribune, they highlighted that those running Small and Medium-sized Enterprises…

Business

Cold wave sparks health concerns in Hazara | The Express Tribune

December 11, 2023 Admin No Comments

ABBOTABAD: The Hazara division is presently experiencing a severe cold wave and dry weather, triggering a health crisis marked by a surge of respiratory ailments such as influenza, colds, fever, and coughs. The spread is attributed to an extended period of dry weather, affecting nearly every other person in the area. Owing to the escalating…

Health

‘Social engineering is a real threat’ | The Express Tribune

November 25, 2023 Admin No Comments

KARACHI: Experts and regulators in the banking sector have called for widespread dissemination of awareness and technological solutions among customers and local people regarding social engineering frauds in the digital age to curb them. They made this call while addressing participants at a one-day conference titled “Financial Crime in the Digital Age”—addressing the growing threats…

Business

Brain-eating amoeba rears its ugly head again | The Express Tribune

November 19, 2023 Admin No Comments

KARACHI: As deaths due to Naegleria fowleri, also referred to as brain-eating amoeba, in Karachi, enter into the double digits, there is a growing concern amongst the populace that, just like other recurring diseases such as dengue and malaria, the provincial government will fail to curb its spread and prevent it from becoming a regular…

Health

PSX invites entrepreneurs for low-cost trading rights | The Express Tribune

November 8, 2023 Admin No Comments

KARACHI: Pakistan Stock Exchange (PSX) has introduced “online only broker” category by inviting all entrepreneurs including start-ups and fintechs to apply for low-cost trading rights and licensing. The settlement of trades through the online only broker will be done by an e-clearing company as the new stockbroker category will end physical interaction. In a notification…

Business

Wall Street investors seek shelter | The Express Tribune

October 21, 2023 Admin No Comments

NEW YORK: Growing volatility in US stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, on Friday hit its highest in nearly seven months, as the S&P 500 slid for the week. The…

Business

Crackdown pulls down gold price sharply | The Express Tribune

October 5, 2023 Admin No Comments

KARACHI: The price of gold has dropped sharply in the domestic market in the wake of stern action against the mafia involved in illegal activities. Since the crackdown on illicit trade, the price of gold has come down by a whopping Rs27,000, reaching Rs188,000 per tola. The local gold pricing body has not been releasing…

Business

SBP keeps key policy rate unchanged at 22% | The Express Tribune

July 31, 2023 Admin No Comments

KARACHI: The central bank on Monday announced that the key policy rate – the cost of banks’ lending – would remain unchanged at 22 per cent. Notably, in its first meeting after a new loan programme by the IMF, the SBP was scheduled to review its key policy rate today. It was to assess whether it…

Business