Business News
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Metro Bus Authority warned over wage law violation | The Express Tribune
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[ad_1] RAWALPINDI: As the law enforcers go after those violating the minimum wage law, it has turned out that the Metro Bus Authority was also guilty of violating the law by paying its employees less than Rs32,000 – the amount set as the minimum wage by the government. In this regard, the Punjab Labour Welfare…
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Will petrol price in Pakistan drop?
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[ad_1] Motorists wait to fill their vehicles’ tanks at a petrol station in Islamabad on June 2, 2022. — AFP ISLAMABAD: The caretaker government could reduce the price of petroleum products in the upcoming fortnightly review, people familiar with the situation told Geo News Monday. The people revealed that since there has been a drop…
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ADB approves another loan for Pakistan
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[ad_1] An image of the headquarters of the Asian Development Bank (ADB). — ADB website The Asian Development Bank (ADB) has approved a $155.5 million loan for Pakistan to support women’s financial inclusion to “boost their livelihoods while contributing significantly to the economy”. According to a statement issued by the Manila-based lender on Monday, the…
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Economic revival, CPEC and Agenda 2047 – II | The Express Tribune
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[ad_1] ISLAMABAD: The ruling elite will have to realise that without overhauling its governance system and business environment, it can neither revive the economy nor achieve the goals of Agenda 2047. Thus, whether they like it or not, things will have to undergo drastic changes. After analysing the ground realities and setting targets, we have…
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Biogas from fodder (Napier) grass | The Express Tribune
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[ad_1] ISLAMABAD: We are passing through difficult times in terms of energy supply and prices. Energy supply is decreasing and international energy prices are increasing. It has become vital for us to look for and discover as many energy resources as possible. Also climate change issues are requiring the development of renewable energy sources and…
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PSX dominates global markets | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) wrapped up the trading week on a historic note as the benchmark KSE-100 index soared to an unprecedented all-time high above 66,000 points. This record-setting close was fueled by the visit of Caretaker Prime Minister Anwaarul Haq Kakar, who marked the launch of a Rs30 billion Ijara Sukuk. The…
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China’s consumer prices fall fastest in 3 years | The Express Tribune
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[ad_1] BEIJING: China’s consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery. The Consumer Price Index (CPI) dropped 0.5% both from a year earlier and compared with October, data from the National Bureau of Statistics (NBS)…
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Urea shortage hits farmers hard | The Express Tribune
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[ad_1] LAHORE: Pakistan Kissan Ittehad (PKI) President Khalid Mahmood Khokhar has said that urea shortage is being faced by farmers as its consumption is estimated at 6.7 million tons per annum following an increase in plantation area and growing use of the commodity in cereal and cotton crops. Talking to media on Friday, Khokhar mentioned…
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Textile industry unveils $50b export plan | The Express Tribune
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[ad_1] ISLAMABAD: The textile industry has submitted an ambitious plan to the government for achieving a $50 billion export target as it comes up with a set of recommendations for removing barriers and providing incentives to extend the outreach in international markets. The industry has proposed the setting up of 1,000 garment plants on a…
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Remittances slow down to $2.25b | The Express Tribune
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[ad_1] KARACHI: The remittances sent home by overseas Pakistanis slowed down to $2.25 billion in November 2023 partly due to the return of volatility in rupee-dollar exchange rate in the first half of the month and partly because of a global economic slowdown. The remittances dropped from a seven-month high of $2.46 billion reached in…
