Business News
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Fiscal performance in 2023 | The Express Tribune
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[ad_1] KARACHI: As the western hemisphere felt the excitement of the annular solar eclipse in October, the World Bank was circulating its 2023 edition of Pakistan’s fiscal performance. Like a child knowing he had not passed every test, we sheepishly accepted our report card from a disappointed teacher. Like a mixed bag of goodies, it…
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Transport sector pollution | The Express Tribune
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[ad_1] ISLAMABAD: Last week, in the first part of this series, we took a broad view of the air pollution issue, especially in Punjab, where it occupies critical conditions every year. In this space, we will specifically discuss the contribution of vehicles to the air pollution and discuss public policy issues in controlling the pollution.…
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Wall Street investors seek shelter | The Express Tribune
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[ad_1] NEW YORK: Growing volatility in US stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, on Friday hit its highest in nearly seven months, as the S&P 500 slid for the week.…
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Fishermen demand fully fledged policies | The Express Tribune
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[ad_1] KARACHI: Pakistan’s neglected fisheries sector needs fully fledged policies to become a major industry and give fisherman the status of industrial worker, said the head of a fishermen body. “We appeal to both federal and provincial governments to formulate better policies on marine and freshwater fisheries so that it might be a major industry.…
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Pakistan, China explore investment avenues | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister of Commerce Dr Gohar Ejaz held a series of highly productive meetings with prominent Chinese business leaders and investment groups on the sidelines of the 3rd Belt and Road Forum in Beijing. These meetings were aimed at strengthening economic ties between Pakistan and China and exploring investment opportunities in Pakistan, according…
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What risks does Israel-Hamas war pose to global energy sector?
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[ad_1] People standing on a rooftop watch as a ball of fire and smoke rises above a building in Gaza City, Oct. 7, 2023 during an Israeli airstrike that hit the Palestine Tower building. — AFP Israel and Hamas’s increasing confrontations might put additional strain on the world’s oil and gas supplies, which have already…
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Govt to cut spending to reduce deficit | The Express Tribune
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[ad_1] ISLAMABAD: The interim federal government has decided to reduce spending on a massive scale in order to show a surplus of Rs600 billion on behalf of the provinces during the current fiscal year and to meet the International Monetary Fund’s (IMF) condition of reducing the financial deficit of the Centre. It has also been…
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Weekly inflation eases 1.7% over oil price fall | The Express Tribune
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[ad_1] ISLAMABAD: Owing to the reduction in prices of petroleum products in line with global trend and the fall in dollar rate in the wake of a crackdown on currency smugglers and hoarders, the inflation rate has come down in Pakistan, which will provide some relief to people in the current challenging times. During the…
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Cabinet members split over free electricity supply | The Express Tribune
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[ad_1] ISLAMABAD: Though members of the cabinet have voiced concerns over supply of free electricity to the employees of Wapda and DISCOs, the ministries are divided over the proposal of discontinuing such services, which are blamed for the runaway circular debt. In a recent meeting of the cabinet, it was revealed that 189,000 employees of…
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Ankara looks to invest in pharma sector, SEZs | The Express Tribune
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[ad_1] ISLAMABAD: Turkiye Ambassador Mehmet Pacaci said on Friday that Turkish investors had shown keen interest in making substantial investments in Pakistan, especially in mining, equipment manufacturing, paper products, pharmaceutical sector and Special Economic Zones (SEZs). The ambassador stated this in a meeting with Special Assistant to Prime Minister and Minister of State on Investment…
