Page 34 - Alpha Beta Core News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rising global oil prices to fuel local troubles Uptrend may increase inflation, import bill and widen fiscal deficit in economy Informal talks between ministers are set to take place on Saturday. PHOTO: REUTERS KARACHI: The international oil prices are rapidly rising in global markets. The uptrend in the global commodity is likely to give birth to new challenges in the domestic economy including increase in inflation, surge in import bill and widen fiscal deficit. The international benchmark crude oil Brent increased 28% since December 2020 and hit a one-year high of over $66.5 per barrel on...

Fauji Foods Records a 47.23% Drop in Losses During 2020 Fauji Foods Limited (FFL), the company behind Nurpur milk and Dostea, has announced its financial results for the year ended 31st December 2020. Fauji Foods has posted a loss of Rs. 3.05 billion during 2020, representing a 47.23% decrease as compared to 2019. The company had reported a loss of Rs. 5.78 billion in 2019. The company managed to regain some of its lost market share by registering a revenue growth of 28.4% in 2020 compared to 2019, despite a tougher business environment with high competition. During the year, the net sales of...

Paradox of celebrating surpluses, regretting deficits Business December 27, 2020 Current account surpluses/deficits are not an end/achievement in themselves. Rather, they are means to an end. In absolute sense, having surplus is indeed excellent. But, the problem starts when we think having such surpluses is some ultimate achievement in itself, and that the economy has been completely turned around. Unfortunately, this is not the correct way of looking. For instance, we regret deficits while celebrate surpluses, mostly in isolation, where in fact the deficits may be incurred due to high eco...

Roshan Digital Accounts Receive Another $100 Million in Just 28 Days Prime Minister Imran Khan took to Twitter to thank the overseas Pakistanis for their notable contributions to the Roshan Digital Account (RDA) as the deposit amount into the accounts crossed $200 million. The PM wrote, “I want to thank our great asset, Overseas Pakistanis. MashaAllah funds sent by them through Roshan Digital Accounts created by SBP crossed $200 million yesterday. The pace is accelerating: first $100 million came in 76 days & the next $100 million came in only 28 days.” I want to thank our great asset, Ov...