Business News
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PM vows to further simplify procedures for Chinese investors, companies
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[ad_1] Prime Minister Shehbaz Sharif addresses the ceremony organised to honour the contribution of Chinese companies operating in Pakistan under CPEC on August 7, 2023. — PID Prime Minister Shehbaz Sharif on Monday assured Chinese investors to further simplify procedures for the companies working in Pakistan, especially under the umbrella of China Pakistan Economic…
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Travel services exports rise to $935m in first 11 months of FY22-23
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[ad_1] A general view of sea port in Karachi, Pakistan on January 11, 2023. — AFP ISLAMABAD: Pakistan’s export of travel services grew by 86.99% to $935 million in the first 11 months of the fiscal year 2022-23 as compared to $500 million in the preceding year. According to the data issued by the Pakistan Bureau of Statistics (PBS), the…
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Govt chalks out framework to revive debt-ridden PIA | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has prepared a major plan to run the Pakistan International Airlines (PIA), which was drowning in debt, under a public-private partnership with foreign capital and restructure the national carrier. Under the PIA revival plan, a new holding company will be registered with the Securities and Exchange Commission of Pakistan (SECP)…
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Pakistan International Airlines resumes flights to Beijing
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[ad_1] Pakistan International Airlines aircraft takes off from an airport. — Radio Pakistan/File BEIJING: The Pakistan International Airlines (PIA) resumed its weekly passenger flight to China as the national flag carrier flight PK-854 touched down at the Beijing Capital International Airport today (Sunday). Sharing details, PIA Country Manager Bilal Afzal said that the national…
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EcoSummit 2023: a call to action for sustainability | The Express Tribune
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[ad_1] KARACHI: Pakistan, a country already grappling with the devastating impacts of climate change, faces a climate emergency that demands urgent attention. The effects of more frequent and severe floods, droughts, and heatwaves are becoming increasingly apparent, threatening the nation’s economy and society. Yet, amidst this crisis, there is a glimmer of hope in the…
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In a first, pill for postpartum depression approved
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[ad_1] A representational image of a mother with her newborn baby. — Canva For the first time ever, the US Food and Drug Administration approved an oral pill for the treatment of postpartum depression — which affects around half a million women in the country every year. The drug, zuranolone, is “the first oral medication indicated to treat postpartum…
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Economic woes leave textile industry in tatters | The Express Tribune
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[ad_1] Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the Pakistan textile industry that has seen it lose ground to more nimble Asian competitors. “When you lose your job, your life comes to a close,” the 43-year-old from Lahore told AFP. “We’ve been working…
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Economic woes leave Pakistan’s textile industry tattered
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[ad_1] A worker operates a machine preparing fabric at the Kohinoor Textile Mills in Lahore on July 20, 2023. — AFP LAHORE: As Pakistan’s textile industry loses ground to more nimble Asian competitors, factory worker Lubna Babar was made redundant at the beginning of the year — one of the many victims of the crisis.…
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Land of flickering lights: Why Pakistan’s power woes persist | The Express Tribune
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[ad_1] PUBLISHED August 06, 2023 ISLAMABAD: Riaz lives in a one-room quarter in south Punjab. He is a farmer with a few acres of land and he waits for earnings every six months. He has one ceiling fan alone to endure the scorching summer heat. Yet, he received a bill of Rs 8,000 for one…
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Gold rates in Pakistan increase for second time
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[ad_1] A customer holds gold jewellery at a jewellery showroom on May 3, 2022. — AFP/File KARACHI: The prices of gold in Pakistan continued their upward trend for the second consecutive session on Saturday as the international rates also increased on a weaker dollar. The price of gold (24 carats) appreciated by Rs1,300 per tola…
