ISLAMABAD: The International Monetary Fund (IMF) on Thursday asked Pakistan to increase the general sales tax rate to a minimum of 18% to raise more taxes, as the country’s debt servicing cost was projected to increase to alarmingly Rs5.2 trillion in the current fiscal year The global lender placed the demand to increase the standard […]
Debt servicing may surge to whopping Rs5.2tr | The Express Tribune Read More »
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Shell has recorded its highest-ever profits, as Russia’s war in Ukraine saw the fossil fuel giant’s top line soar by 53 per cent to £68.1bn last year. The
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Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five handle since a brief blip
Mortgage rates drop to the 5% range for the first time since September Read More »
Comment on this story Comment Violence in the east of the Democratic Republic of Congo is escalating and fears are mounting of a wider conflict in what has long been one of Africa’s most volatile regions. President Felix Tshisekedi accuses his counterpart in neighboring Rwanda, Paul Kagame, of supporting a rebel group known as M23.
Analysis | Why Congo and Rwanda Are at Each Other’s Throats Read More »
Finance Minister Ishaq Dar said on Thursday that he would ask the central bank governor to coordinate with a group of philanthropists in an effort to raise dollars from overseas Pakistanis to reduce the foreign exchange shortage. Addressing a conference on Islamic finance via video link, Dar praised the initiative of Bashir Farooqi, founder of
The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,634.50, down 65.5 points or 0.37% from the previous close. Q3 earnings today: APL Apollo, Apollo Tyres, Bajaj Electricals, Berger Paints, Birlasoft, Crompton Greaves Consumer Electricals, Dabur, Deepak Fertiliser, Fino Payments
Stocks to Watch: Adani Group, Britannia, Insurance Stocks, Railtel, RVNL, and Others Read More »
NEW DELHI: India’s Adani group shares plunged on Thursday after the Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, bringing its cumulative market capitalisation losses to $100 billion since last week’s short-seller attack. The withdrawal of Adani Enterprises’ (ADEL.NS) share sale marks a dramatic setback for Adani, the school dropout-turned-billionaire
Adani group’s market losses hit $100b as stocks sink | The Express Tribune Read More »
Business & FinanceDeals 01 February 2023, 7:56 pm. 1 minute Reuters was first to report Airbus settled a major dispute with Qatar Airways over paint and surface damage on A350 jets. Reuters also exclusively reported on January 31 that the two companies were nearing an agreement to settle the $2 billion dispute following political intervention. On February 1 Reuters
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The average UK house price has fallen for the fifth month in a row – dropping by 0.6 per cent in January – according to one of the
Average UK house price falls again in January Read More »
New Delhi: Adani Enterprises on Wednesday said it has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and will return the proceeds to investors. The announcement came a day after the company’s FPO was subscribed fully on the last day of the offer on Tuesday. “The Board of Adani Enterprises
Adani Enterprises Calls off Fully Subscribed FPO; Money to be Returned to Investors Read More »
