Business News
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Telecom player demands WHT abolition | The Express Tribune
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[ad_1] ISLAMABAD: A major mobile services industry player has urged the government to consider abolishing the withholding tax (WHT) on telecom sector in the upcoming budget for fiscal year 2023-24. Highlighting the exorbitant taxes of 34.5% on telecom users, Jazz…
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Stocks fall below 41,000 amid dull trading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday witnessed a lacklustre trading session as investors refrained from taking fresh positions and the KSE-100 index closed below the 41,000-point mark with marginal losses. Investors kept a low profile and remained under…
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High power tariffs exceeding consumers’ affordability, impacting consumption patterns: study
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[ad_1] A technician from Karachi Electric , Pakistan’s largest city’s power supply company, checks electricity meters at a residential building in Karachi, on May 13, 2010. — AFP A recent study, conducted by the Institute of Policy Studies in Islamabad, found…
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In meeting with US envoy, Dar assures completing IMF programme
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[ad_1] US Ambassador to Pakistan Donald Blome calls on Finance Minister Ishaq Dar on May 26, 2023. — Finance Division. As the cash-strapped nation is making last-ditch efforts to revive the stalled Extended Fund Facility (EFF) programme, Finance Minister Ishaq…
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Russian oil: Will petrol price in Pakistan drop by Rs100 after import?
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[ad_1] A person fills their car’s tank at a fuel station in this undated file image. — AFP After months of hype, Pakistan may finally receive its first shipment of imported Russian oil later this month. But the majority of…
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PM asks exporters to think of innovative ideas for boosting exports
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[ad_1] Prime Minister Shehbaz Sharif at the inaugural ceremony of the Textile Expo in Karachi on May 26, 2023. — Twitter/@GovtofPakistan KARACHI: Prime Minister Shehbaz Sharif Friday advised the country’s exporters to come up with innovative and unique ideas to…
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0.3% economic growth rate debunked | The Express Tribune
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[ad_1] ISLAMABAD: The size of Pakistan’s economy has shrunk to $341.5 billion and its per capita income has slipped to just $1,568 in the outgoing fiscal year due to almost flat economic growth and currency devaluation. Against this backdrop, a…
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Nepra raises power tariff by Re0.79 per unit for May as FCA
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[ad_1] A utility company employee fixes electricity lines at Multan’s Hassan Parwana Road on June 5, 2021. — APP ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) announced Thursday that power consumers will have to pay Re0.79 per unit more in…
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Forex reserves fall by $119m to $4.19b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 2.7% on a week-on-week basis to $4.19 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 19, 2023, the SBP’s…
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Matiari-Thar transmission line inaugurated | The Express Tribune
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[ad_1] HYDERABAD: Federal Minister for Energy (Power Division), Khurram Dastagir Khan, marked a momentous occasion on Thursday as he inaugurated the 220-kilometer Matiari-Thar 500 KV Quad Bundle transmission line. The project, completed in a record time of four months at…
