The Express Tribune

Business News

Foreign exchange: SBP reserves fall $55m to $12.07b

Drop comes on account of external debt repayments

Budget 2020-21: PTI govt to focus on relief for people, business

It will be an effort to counter negative impact of coronavirus on economy

State-run enterprises: PTI govt to attract private sector experts

Tasks PM aide with identifying hurdles to appointing professionals in state-run units

FBR seeks uniform tax on profit

Faces resistance to withdrawing concessions on foreign currency accounts

Market watch: Pre-budget uncertainty sparks bearish trading

Featured

Oil falls as surprise US stock build douses demand recovery hopes

Benchmarks extend losses over uncertainty about Russia’s commitment for deeper output cuts. PHOTO: REUTERS

Reuters

Benchmarks extend losses over uncertainty about Russia’s commitment for deeper output cuts

Pandemic: Making ends meet through alternative means

With loss of jobs, many blue-collar workers have changed professions to avoid starvation

Oil falls on US-China tensions over Hong Kong

Gloomy forecasts over economic impact of pandemic weighs on crude prices

Oil prices climb as faith in supply cuts grows

OPEC+ set to meet in June to discuss maintaining supply cuts to shore up prices

More News

Pakistani businessmen call for lifting trade with US to $10b

Urge US companies to explore Pakistan as investment destination

Global stocks retreat after rally on EU stimulus

Europe’s €750b recovery fund helps offset concerns about Hong Kong unrest

Investment in global energy may tumble

IEA says investment may plunge by 20% in 2020 due to coronavirus

Renault, Nissan, Mitsubishi rule out merger

Double down on plan to cooperate on car production to save costs

Sugar price remains at high levels

Sweetener costs more despite ongoing cane harvesting, sugar production season

Online sales: A vital business mode

E-commerce in Pakistan lacks support from mobile communication, logistics service

Eid shopping loses momentum

People buy goods in limited quantities as purchasing power shrinks

Govt drops plan of suspending banknotes’ varnishing

SBP gave proposal on fear of machinery breakdown during pandemic

Think tank mulls digital accounts

Discusses findings of Finance and Banking Committee to improve liquidity, lending

Global airlines body raises alarm over bailout debts

Says heavy debts from govts will delay industry’s recovery

BoE not close to any decision on zero rates

Chief economist says consequences for Britain’s banks and lenders are key factors to consider

Boeing cutting more than 12,000 US jobs with thousands more planned

The company announced in April it would cut 10% of its worldwide workforce of 160,000 by the end of 2020