Business News
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Petrol price jacked up by Rs3.47 per litre
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[ad_1] Employees at a fuel station attend to their customers in Islamabad, Pakistan, on February 16, 2022. — AFP/File ISLAMABAD: The federal government has increased the price of petrol by Rs3.47 per litre for the next fortnight of January 2025. According to the Finance Division notification, the per litre price of high-speed diesel (HSD) has…
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Gold prices drop in global, local markets | The Express Tribune
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[ad_1] Listen to article Gold prices have decreased in both global and local markets today. In the international bullion market, the price of gold per ounce fell by $15, bringing the new global price to $2,675. Meanwhile, in the local gold markets, the price of 24-carat gold per tola dropped by Rs 1,500 to Rs 279,300, and…
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FBR chief vows to collect Rs13,500bn in tax revenue this year
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[ad_1] Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial addresses an event. — National Defence University website/File Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial on Saturday vowed to collect Rs13,500 billion in tax revenue this year despite facing shortfall in the first half of the current fiscal year. The FBR faced a significant…
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SBP governor promises gradual rate cuts | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed has announced that the central bank will reduce the policy rate gradually through a phase-wise approach. Speaking during a visit to the FPCCI on Thursday, the governor highlighted that consulting the FPCCI is crucial for aligning economic policies with the needs of the business community…
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Govt abolishes vacant posts, aims to rightsize 42 ministries
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[ad_1] Finance Minister Muhammad Aurangzeb speaking during a press conference in Islamabad on Tuesday, January 7, 2025. — YouTube screengrab/Geo News ISLAMABAD: As the government aims to reduce expenditures and improve efficiency, Finance Minister Muhammad Aurangzeb on Tuesday expressed confidence in completing analysis and implementation plan of rightsizing 42 ministries by June 30. “We have decided…
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Pre-flight checks for Uraan Pakistan | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: Despite unfavourable economic and political headwinds, it is commendable that the current government is aiming for a take-off in the form of initiative titled “Uraan Pakistan”. It is of utmost importance that the pilot and co-pilot understand and agree upon their respective roles through this Uraan and a proper cabin crew is…
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Weekly inflation declines by 0.26%
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[ad_1] In this picture taken on January 10, 2023, women check rice prices at a main wholesale market in Karachi. — AFP KARACHI: The country’s short-term inflation, measured by the Sensitive Price Indicator (SPI), saw a marginal decline of 0.26% for the week ending on January 2, 2025, according to data released by the Pakistan…
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Framework to deregulate sugar industry ordered | The Express Tribune
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[ad_1] ISLAMABAD: Planning Minister Professor Ahsan Iqbal on Wednesday directed developing a medium-term framework for deregulating sugar industry, stressing industries to ensure data uniformity, crop zoning and backward integration. He passed the directives while chairing a meeting of the Prime Minister’s Committee on Sugar stocking, forecasting and planning, notified in December last to develop a…
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PSX gains momentum amid positive macroeconomic conditions
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[ad_1] Broker busy in trading at Pakistan Stock Exchange (PSX) in Karachi on Thursday, December 5, 2024. — PPI The stock market launched the week with a robust surge, propelled by revitalised investor confidence and a bullish macroeconomic environment. Key drivers include optimism over economic recovery, easing geopolitical tensions, and pro-growth monetary policies, fuelling the…
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Senator vows support for digital rights bill | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) Senator and Senate Standing Committee on Information Technology member Afnanullah Khan on Saturday pledged to support the digital rights bill. In an interview with a news channel, the senator stated that the PML-N would back the digital rights bill, underscoring the commitment to advancing the “Digital Pakistan” initiative. Khan…
