Business News
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Sindh digitises all land record, offers online services | The Express Tribune
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[ad_1] KARACHI: The government of Sindh has digitised all land record and maps of all estates of SITE Limited and Sindh Small Industries Corporation all over the province including Karachi, Nooriabad, Hyderabad, Kotri and Sukkur and now all services including no-objection certificates, permissions and transfers will be available online. Caretaker Minister for Revenue, Industries and…
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Bulls snatch control as stocks rally | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday enjoyed a handsome rally amid heavy trading as it crossed 66,000 points on the back of investor hopes ahead of International Monetary Fund’s (IMF) board meeting for loan approval and an increase in the State Bank’s foreign currency reserves. In the morning, when trading commenced, the market…
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Govt resolves disputes with KE | The Express Tribune
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[ad_1] ISLAMABAD: The interim government on Friday approved the finalisation of four deals with the country’s largest privately-managed power firm, K-Electric (KE), ending years-old disputes over power purchase payments and the supply of electricity. This decision sends a positive signal to foreign investors. The Economic Coordination Committee of the Cabinet approved the signing of the…
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Govt cuts petrol price by Rs14, HSD by Rs13.50 per litre | The Express Tribune
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[ad_1] The caretaker federal government has slashed the price of petrol by Rs14 per litre and high-speed diesel (HSD) by Rs13.50 per litre on Friday, providing much-needed relief to the people who have borne the brunt of a challenging economic crisis since mid-2022. The reduction came after the price of crude oil fell in international markets and…
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How much money is required to retire comfortably in every US state?
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[ad_1] A group of US senior citizens sitting in a park. — X/@asleycourtcare Even though retirees in the United States may relocate to a location with better weather or to be nearer to family, living expenses can also play a significant role. According to a new GOBankingRates review of retirement expenses in all 50 states…
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High courts’ role in privatisation ends | The Express Tribune
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[ad_1] ISLAMABAD: President Dr Arif Alvi on Thursday issued an ordinance to end the role of high courts in privatisation matters aimed at avoiding “unnecessary delays” in selling state assets and expeditiously resolving disputes. The president issued the Privatisation Commission (Amendment) Ordinance 2023, according to a statement released by the presidency. It added the Privatisation…
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Pakistan eyeing $4.5bn from creditors: minister
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[ad_1] A man counting $100 bills. — AFP/File Pakistan expects to raise approximately $4.5 billion from multilateral and bilateral sources, excluding the International Monetary Fund (IMF), in the current fiscal year (2023-24), interim Finance Minister Dr Shamshad Akhtar said. In an interview with the official flagship Journal of ICMA International, the minister said for the…
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Default probability not strong: Fitch | The Express Tribune
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[ad_1] KARACHI: Fitch Ratings has affirmed Pakistan’s long-term foreign currency issuer default rating (IDR) at ‘CCC’, indicating that there is a possibility of foreign debt default but the probability is not yet strong. The global ratings agency affirmed the rating after the International Monetary Fund (IMF) completed its first review under the $3 billion loan…
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Key agreements with KE delayed amidst cabinet objections | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan, on Wednesday, deferred the approvals of four key agreements between the government and K-Electric, the country’s largest integrated power distribution company. This decision arose due to objections raised by some members of a cabinet body during a meeting of the Economic Coordination Committee of the Cabinet. The drafts under discussion included the…
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FM pushes privatisation of state insurers | The Express Tribune
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[ad_1] KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar has advised privatising state-owned insurance companies like the State Life Insurance Corporation of Pakistan (SLIC) to reduce public sector dominance, attract foreign investment, and provide a level playing field to the private sector to lift insurance penetration, which remains at less than 1% in Pakistan at present.…
