Business News
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80% glass bangle units shut down | The Express Tribune
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[ad_1] KARACHI: Around 80% of a total of 48 small and large units of glass bangle manufacturing in Hyderabad have been closed as the industry has been experiencing brutal effects of exorbitant gas tariffs coupled with high inflation. “If the government does not give a significant and instant subsidy to this industry in terms of…
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PM halts FBR restructuring plan | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Anwaarul Haq Kakar has not approved the restructuring plan of the Federal Board of Revenue (FBR) due to constitutional issues in setting up a National Tax Authority (NTA) and confusion over the mandate of the newly proposed structure. Sources told The Express Tribune that PM Kakar was not satisfied with the…
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‘Rs5,000 note behind skyrocketing inflation, corruption’
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[ad_1] A dealer counts banknotes of Rs5000 at a currency market in Pakistan. — AFP/File ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Senator Mohsin Aziz demanded the caretaker federal government discontinue the Rs5,000 currency note to put an end to the menace of corruption and bring down skyrocketing inflation. The PTI lawmaker tabled the resolution in the Upper…
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Towards environmentally cleaner alternative fuels | The Express Tribune
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[ad_1] ISLAMABAD: Petrol, diesel, gas and liquefied petroleum gas (LPG) are widely known and used fuels. But there are other alternative fuels as well which can be used independently or can be mixed with the aforementioned fuels in various proportions. Motivations for the alternative fuels can vary depending on individual circumstances. These are environmentally cleaner,…
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Redefining women’s wellness at EmpowerHer 2023 | The Express Tribune
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[ad_1] During the two-day workshop, participants noted that prevailing mindset can be changed through education and training to promote female empowerment. KARACHI: In a world brimming with medical and wellness experts, EmpowerHer 2023 emerged as a refreshing dawn on a Wednesday morning at Movenpick Karachi. Its mission? To reshuffle the deck and challenge conventional wisdom…
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The fallacy of competitive energy rates | The Express Tribune
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[ad_1] While export subsidies may offer temporary relief to certain sectors, they come at a high fiscal and opportunity cost, distorting the economic landscape. photo: file ISLAMABAD: The interim government, in its recent policy move, opted to increase gas prices while rejecting the idea of eliminating subsidies for exporters. Export subsidies have been a contentious…
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PSX forecast to surge 30% by Dec 2024 | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index is projected to soar around 30% in the next 13 months to a record high at 75,000 points in December 2024, signalling share prices of top 100 companies will rise to new highs. In its comprehensive report titled “Stock market recovery has just begun – Index…
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Govt debt may soar to Rs81.8tr | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has projected the federal government’s total debt obligations will skyrocket to Rs81.8 trillion by the end of this fiscal year while budget deficit and interest payment costs will exceed approved allocations. Due to unrealistic budgetary allocations, the IMF has now projected the size of Pakistan’s federal budget at…
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Empowering her enterprise | The Express Tribune
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[ad_1] PUBLISHED November 19, 2023 KARACHI: In the maze of Pakistan’s bustling marketplaces and quiet alleyways, a transformative story is unfolding—one written by the resilient hands of women entrepreneurs. In a nation where economic progress intertwines with societal norms, the rise of women-led businesses emerges as a beacon of change, especially poignant as we celebrate…
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Pakistan needs $25b loans this FY: IMF | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has revised Pakistan’s foreign loan requirements to $25 billion for this fiscal year — reducing it by $3.4 billion — and also lowered the economic growth projection to just 2%, turning down the government’s external as well as macroeconomic forecasts. Finance ministry sources said the IMF had also…
