Business News
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Govt mulling delay in govt employees’ salaries?
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[ad_1] Pakistani currency notes of RS1,000 can be seen in this picture with the PKR coins. — AFP/File After a private news channel aired news hinting at a possible delay in the issuance of funds for federal government employees’ salaries and development projects, the Ministry of Finance Saturday categorically rebuked such rumours terming them as…
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China allocates $140b for public investment | The Express Tribune
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[ad_1] SHANGHAI: China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and investment plan announced in October to boost the economy. With the latest tranche, China has now earmarked more than 800 billion yuan of its…
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Nigeria lifts ban on crypto trading | The Express Tribune
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[ad_1] LAGOS: Nigeria’s central bank has lifted a ban on transacting in cryptocurrencies, while saying global trends had shown a need to regulate such activities, the bank said in its latest circular. The Central Bank of Nigeria (CBN) in February 2021 barred banks and financial institutions from dealing in or facilitating transactions in crypto assets,…
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Local production of electric bikes urged | The Express Tribune
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[ad_1] KARACHI: Bike assemblers and dealers are urging the government to formulate a policy on the localisation of Electric Vehicle (EV) motorbikes. They emphasise the need for attractive incentives to encourage e-bike companies to focus on “Make in Pakistan” electric scooters instead of importing 100% Completely Knocked Down (CKD) units. The aim is to provide…
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LUMS energy report sheds light on inefficient practices | The Express Tribune
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[ad_1] LAHORE: In a significant development, the Lahore University of Management Sciences’ (LUMS) Energy Institute (LEI) has released a pioneering report titled “Sustainable Architecture: Advancing Energy Efficient Buildings.” The report, presented at a ceremony attended by policymakers, regulatory bodies, and key stakeholders, addresses Pakistan’s pressing energy challenges and proposes innovative solutions for the construction sector.…
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WHT agents to directly deposit tax in govt account | The Express Tribune
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[ad_1] ISLAMABAD: To prevent withholding tax (WHT) evasion and promote documentation, the federal government has decided to make it mandatory for withholding agents to immediately and directly deposit the tax collected from suppliers of goods and services in national coffers. The Federal Board of Revenue (FBR) has developed a swift payment receipt system for immediately…
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PTA alerts public on phishing scams | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan Telecommunication Authority (PTA) issued a warning on Friday about phishing and fraudulent links circulating on Whatsapp, social media, and through text messages. These deceptive messages falsely claim to be associated with PTA’s Device Identification Registration & Blocking System (DIRBS). The scam messages purport to convey official communication, alleging the user’s SIM…
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Azhakhel dry port still not properly running | The Express Tribune
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[ad_1] PESHAWAR: Traders have complained that goods exporters are compelled to send their consignments through private trucks by paying additional fares, which is inflicting a heavy financial burden on them. A delegation of businessmen from Khyber-Pakhtunkhwa called on the newly appointed Collector Customs Appraisement Amjadur Rehman for discussion over issues creating hurdles in the way…
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Shipping firms impose extra fees on trade | The Express Tribune
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[ad_1] OSLO/PARIS: Some of the world’s largest shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed ships in response to attacks on vessels in the Red Sea, as worries about disruption to global trade grow. The surcharges, designed to cover longer voyages around Africa compared with routes via the Suez…
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RLNG prices hiked by 10% for Dec | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a significant uptick in the prices of re-gasified liquefied natural gas (RLNG), registering an increase of up to 10.11% for the month of December 2023 compared to the preceding month. This adjustment, according to OGRA, is primarily linked to a notable surge in the…
