Business News
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Yellen calls for de-escalation of tensions between China, US
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[ad_1] US Treasury Secretary Janet Yellen gestures while interacting with students and teachers at a school on the sidelines of a G20 finance ministers’ summit in Gandhinagar on July 16, 2023. — AFP US Treasury Secretary Janet Yellen on Sunday dismissed the idea to lift Trump-era tariffs on China but urged for the de-escalation of…
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Pakistan needs to harness renewable energy | The Express Tribune
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[ad_1] KARACHI: Climate change is reshaping the globe and transforming how we envision the future. The Global South is experiencing more frequent and intense droughts, storms, floods, and heatwaves, with rising sea levels. Unfortunately, Pakistan is no different. The catastrophic floods in 2022 were mainly caused by increased precipitation and glacier melting due to climate…
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Adapting to AI disruption in finance | The Express Tribune
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[ad_1] KARACHI: The world is abuzz with how AI-driven chatbots are changing the landscape and would start eating into the already shrinking job market. A non-entrepreneur, who is used to a 9-5 job, is worried and spending countless nights wondering how artificial intelligence (AI) will affect jobs in the future. Will AI replace human workers…
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Electricity tariff hike: How much will monthly bill be after increase?
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[ad_1] A person is holding their electricity bill in this illustration. — TheNews/File On the International Monetary Fund’s (IMF’s) demand, the National Electric Power Regulatory Authority (Nepra) has raised the power base tariff for FY24 by Rs4.96 per unit. If the government approves Nepra’s summary, the new base rates will apply slab-wise to the power…
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Power tariff hiked on IMF demand: Shehbaz | The Express Tribune
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[ad_1] LAHORE: Prime Minister Shehbaz Sharif said on Saturday electricity tariff hike was a condition of the International Monetary Fund (IMF), and stressed that the country would have to take the loan programme seriously and benefit from it. Speaking during a meeting with prominent businessmen and industrialists at the Governor’s House in Lahore, Shehbaz urged…
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Govt cuts petrol by Rs9 per litre for next fortnight
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[ad_1] Finance Minister Ishaq Dar is announcing the new fuel prices in this still taken from a video on Saturday, July 15. — YouTube/GeoNews The federal government on Saturday announced a reduction in the fuel prices for the next fortnight amid appreciation in the value of local currency against US dollar. Finance Minister Ishaq Dar…
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Credit Suisse inquiry to keep files secret | The Express Tribune
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[ad_1] ZURICH: A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The document means the investigating commission will hand over its files to the Swiss Federal Archives after a much…
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Electric bills to significantly rise soon | The Express Tribune
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[ad_1] ISLAMABAD: ISLAMABAD. The country’s power regulator–the National Electric Power Regulatory Authority (Nepra) on Friday approved a hike in the national average power tariff by Rs4.96 per unit for the current fiscal year, in line with a condition imposed by the International Monetary Fund (IMF). If Nepra’s decision is implemented, the electric bills of all…
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Minority investors dismayed as fresh events spark controversy at K-Electric
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[ad_1] A representational image of K-Electric logo. — Twitter/File LONDON: Several minority investors in Karachi Electric (K-Electric) are disgruntled and “extremely furious” with the way the process has been handled by Infrastructure and Growth Capital Fund (IGCF) and its newly-revealed controlling directors, according to people close to the matter and dealing directly with it. The…
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Wall St climbs on cooler inflation | The Express Tribune
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[ad_1] BOSTON: World stocks extended gains on Friday while the dollar held near 15-month lows after US inflation data this week unleashed a wave of investor optimism that the US Fed was nearing the end of its rate-hiking cycle. Data showed on Wednesday US consumer prices growing at their slowest pace in more than two…
