Business News
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Power sector needs new roadmaps | The Express Tribune
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[ad_1] ISLAMABAD: The chief executive officer of K-Electric (KE) has stressed that privatisation is the way forward to address the circular debt and formulation of clear long-term roadmaps can expedite the energy sector’s progress. He stated this while speaking at a panel discussion on the way forward for Pakistan’s power sector at the 7th Leaders…
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14 US states where you can buy house in less than $75,000
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[ad_1] With rising prices and economic uncertainty, it has become very difficult to afford a new house, even in the United States. As per The Ringer, this is the worst time to buy a house in 40 years, as housing prices are at record highs and so are rents in the US. According to a…
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FinMin Aurangzeb confident of reserves reaching $10bn by June
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[ad_1] Finance Minister Muhammad Aurangzeb speaks at 2024 Islamabad Business Summit on April 23, 2024. — X/@NutshellGroup With the Shehbaz Sharif-led government striving to stabilise the country’s economy, Finance Minister Muhammad Aurangzeb Tuesday predicted positive economic developments including improved foreign exchange reserves in the ongoing fiscal year. Addressing the 2024 Islamabad Business Summit, Aurangzeb said that the…
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Saudi Arabia desperately looking for investors to fund Neom ‘The Line’ project
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[ad_1] The Line turns into a dot as Saudi cuts back project by 98.6%. — Parametric Architecture/File Saudi Arabia is facing difficulties in funding its $500 billion Neom megaproject, which features “The Line” city, Business Insider reported. And now for the first time since its construction which started in 2017, it has invited potential investors…
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C/A surplus hits 9-year high | The Express Tribune
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[ad_1] KARACHI: Pakistan’s current account balance made history by hitting a nine-year high surplus of $619 million in March 2024. This reduced the cumulative current account deficit to $508 million in the first nine months of the fiscal year 2023-24. The country has maintained a surplus in the current account for the second consecutive month…
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March 2024 records highest-ever IT exports | The Express Tribune
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[ad_1] ISLAMABAD: ICT export remittances surged by $339 million (17.44%) to $2.283 billion during July 2023 to March 2024 of FY2023-24 compared to $1.944 billion reported for the same period last year. In March 2024, ICT services export remittances surged to $306 million, a remarkable increase of 36% compared to $225 million in March 2023.…
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After Islamabad, ‘Lahore and Karachi airports to be privatised too’
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[ad_1] Jinnah International Airport in Karachi. —Facebook/ Jinnah International Airport/File DUBAI: Finance Minister Muhammad Aurangzeb on Monday revealed that after the Islamabad International Airport, two more airports — Jinnah International Airport in Karachi and Allama Iqbal International Airport in Lahore — would also be privatised. Addressing an event in Dubai, the finance czar said…
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Notable oil and gas reserves discovered in Sindh’s Daharki | The Express Tribune
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[ad_1] DAHARKI: In a significant development that brings relief to the people of Pakistan grappling with a persistent gas shortage, Mari Petroleum Company Limited (MPCL) on Monday announced the discovery of notable oil and gas deposits in Daharki district of Sindh. The company stated that the Shawal-1 well, drilled in January 2024, reached a total…
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Finance minister confident of enjoying larger, longer IMF programme | The Express Tribune
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[ad_1] Finance Minister Muhammad Aurangzeb expressed confidence in securing a fresh and bigger IMF loan, and highlighted the positive shifts in macroeconomic factors, aiming to bolster the country’s struggling economy. In an interview with The National, published on Monday, the FM noted stabilization in the currency and anticipated a decrease in inflation to single digits…
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‘Iranian gas will come at a price for Pakistan’ | The Express Tribune
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[ad_1] KARACHI: When Iranian President Ebrahim Raisi visits Pakistan on Monday, experts believe that the two issues foremost on his mind, which he will want to discuss with his Pakistani counterpart President Asif Ali Zardari, will be border security and the Iran-Pakistan gas pipeline. “This visit comes at the most troubling time for the region,”…
