Business News
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Pakistan’s economy to grow by 2-2.5% this FY: Shamshad | The Express Tribune
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[ad_1] KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar projected on Saturday that the country’s economic growth will rebound by 2-2.5% in the current fiscal year. Virtually addressing the ‘IPO Summit 2024’, organized by Pakistan Stock Exchange (PSX), Dr Akhtar estimated the agriculture sector to grow by 5.6% and industrial sector by 2.5% in the year. She stood…
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Nepra extends KE’s licence for 20 years
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[ad_1] Men work on electric pylons along the roadside in Karachi on May 30, 2021. — AFP/File The National Electric Power Regulatory Authority (Nepra) Friday granted K-Electric (KE) a 20-year extension for supplying power to the metropolis and other cities. Nepra’s decision. — Reporter This non-exclusive license renewal follows KE’s request for a non-exclusive license…
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Stalemate over FBR overhaul | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Dr Shamshad Akhtar and the Inland Revenue Service (IRS) stood firm on their respective positions on Friday, raising the likelihood of military intervention to break the impasse over sending a summary to the federal cabinet for the approval of the tax machinery overhaul. A day after her outburst against the taxmen,…
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RELIEF: Joe Biden writes off $5 billion in student loans owed by 74,000 borrowers
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[ad_1] Joe Biden speaks during a campaign on October 9, 2019. — AFP President Joe Biden on Friday wiped out $4.9 billion in debt for 74,000 student borrowers — a strategic move aimed at propelling young and minority voters for his reelection. The Public Service Loan Forgiveness programme and income-driven repayment options for long-term borrowers…
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Pakistan, Dubai ink over $3bn investment pact in diverse fields
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[ad_1] Caretaker PM Anwaar-ul-Haq Kakar witnesses signing of Inter-Governmental Framework Agreements between Ministries of Communications, Railways and Maritime Affairs of Pakistan and the Dubai government represented by DP World on January 18, 2024. — PID Two inter-governmental framework agreements worth over $3 billion have been signed between Pakistan and Dubai to cooperate in diverse field…
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World Bank offers help to investors | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank has offered financial assistance and risk guarantee for investor comfort in a bid to encourage private sector participation in the management of ailing power distribution companies (DISCOs). As efforts are underway to hand over management control of DISCOs to the private sector, the Power Division has drawn up an innovative…
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Rupee closes below Rs280/$ after a year | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency strengthened to over a 12-month high, closing just below the highly anticipated level of Rs280 against the US dollar in the interbank market on Thursday. According to data from the State Bank of Pakistan (SBP), the domestic currency appreciated by 0.04%, or Rs0.12, concluding at Rs279.98 against the greenback. This…
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Pak Suzuki agrees to 50% increase in buyback price | The Express Tribune
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[ad_1] KARACHI: Pak Suzuki Motor Company has agreed to increase the price of its shares under a buyback plan to Rs609 per share to qualify for delisting from the Pakistan Stock Exchange (PSX). Earlier, the Japanese car manufacturing firm had offered to buy back its shares from the general public at Rs406 per share in…
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PSX witnesses sharp dip amid Pak-Iran escalation | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) experienced a sharp dip on Thursday and fell by more than 1,000 points following the rapid deterioration of ties between Pakistan and Iran. The KSE-100 Index fell below the psychological level of 63,000 points and settled around 62,500 points. Investors lost millions due to the decline in the benchmark index,…






