Business News
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PM Shehbaz all praise for China for financial help during ‘tough times’
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[ad_1] Prime Minister Shehbaz Sharif is addressing PM’s National Innovation Awards ceremony in Islamabad on June 19, Monday. — PID Prime Minister Shehbaz Sharif has praised China for supporting Pakistan during tough economic times while emphasizing the need for getting “rid of foreign loans” to become self-sufficient. Addressing the PM’s National Innovation Awards ceremony in…
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PM ‘approves’ Rs25bn for flood victims after PPP’s threat
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[ad_1] A delegation of Pakistan Peoples Party calls on Prime Minister Muhammad Shehbaz Sharif in Islamabad on June 16, 2023. — PM’s Office ISLAMABAD: Prime Minister Shehbaz Sharif has approved Rs25 billion in aid for flood victims to address the reservations of a critical government ally, the Pakistan Peoples Party (PPP), sources said Monday. The…
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Gwadar coal-based power plant impasse | The Express Tribune
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[ad_1] ISLAMABAD: The Gwadar coal-power plant has reached an impasse. The project is being implemented under CPEC by a Chinese company. It is an important project affecting the progress and economics of projects in Gwadar. The project promoter company has designed and proposed a power plant of 300MW based totally on imported coal. Nepra and…
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Budget FY24: missing the bus again | The Express Tribune
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[ad_1] ISLAMABAD: The macroeconomic instability that plagues Pakistan today dates back to 1989 –the year which marked the end of Afghanistan’s invasion and consequently, the stoppage/ slowdown of US aid through the Pressler Amendment. This was the exact time when we entered our first External Fund Facility (EFF) with the International Monetary Fund (IMF). Despite…
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Managing trade deficit via three-pronged strategy | The Express Tribune
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[ad_1] ISLAMABAD: Post-Covid, the International Monetary Fund (IMF) has become a strong proponent of fiscal austerity and has been asking for new tax measures and reducing expenditures of the state, unlike Pakistan’s Q-block which believes in an expansionary budget and controlled stimulus to boost growth. However, due to the stagnant incomes and supply-side inflation, the…
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Pakistani businesswoman nominee for Global Woman Inspiration Award
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[ad_1] Pakistani businesswoman Huma Fakhar. — Supplied A Pakistani businesswoman, Huma Fakhar, has been nominated for the United Kingdom-based Global Woman Inspiration Award for her contribution to Pakistan’s business and social sector. Organised by the Global Woman Club, nominations for the awards were announced on Saturday. The is slated to take place in London on…
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Shahid Khaqan resigns from ECC over Azerbaijan LNG purchase
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[ad_1] Former prime minister Shahid Khaqan Abbasi addresses gathering during a Reimaging Pakistan program held in Hyderabad on Monday, June 12, 2023. — PPI Former prime minister Shahid Khaqan Abbasi has resigned from the Economic Coordination Committee (ECC) following disagreements over the purchase of liquefied natural gas (LNG) from Azerbaijan on an intergovernmental basis, sources…
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Russia rubbishes claims of ‘special’ oil discount | The Express Tribune
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[ad_1] MOSCOW: Russian Energy Minister Nikolay Shulginov has confirmed that oil export to Pakistan had begun on the payment in the currency of a friendly country but stressed that there was no special discount to Islamabad, according to Russian and American media reports. Talking to the media on the sidelines of the International Economic Forum…
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PM reviews green energy progress | The Express Tribune
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[ad_1] LAHORE: Prime Minister Shehbaz Sharif on Saturday reviewed the process of formulation of policy regarding alternative sources of energy especially, solar energy. During a meeting chaired by him, the prime minister said the government had ensured in the budget implementation of the measures about alternative sources of energy, including the solar energy. He said…
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Gold loses shine, price falls by Rs1,700 in Pakistan
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[ad_1] People buy jewellery at a jewellery store, on October 22, 2022. — AFP/File KARACHI: The gold price in Pakistan declined in the outgoing week on Saturday after a two-day increase following a loss in the prices in the international market. The price of gold (24 carats) decreased by Rs1,700 per tola and Rs1,458 per 10…
