Business News
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Carrots and sticks: balancing industrial policy | The Express Tribune
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[ad_1] KARACHI: A true biryani connoisseur understands that the dish’s excellence lies not only in premium rice and meat but also in the ideal mix of spices. A delicious plate can be spoiled by either an excessive amount of spices, causing throat irritation, or insufficient seasoning, resulting in a bland dish more reminiscent of pulao…
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Govt issues Rs129 billion for development projects under PSDP
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[ad_1] Labourers are busy in construction work of bridge. — APP/File ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has released Rs129 billion for development projects under Public Sector Development Programme (PSDP) for the fourth quarter of the current fiscal year (2022-23). According to a statement issued by the ministry, the Water Resource Division…
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Is there a fix for Pakistan’s economic nightmare? | The Express Tribune
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[ad_1] PUBLISHED April 16, 2023 LAHORE: As Pakistan faces one of its worst economic crises, there is so much speculation about the present, past and future scenarios. Amidst the noise of what could have been done, what should be done, and what will be done is the reality of what is. Sifting through the propaganda…
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AIIB extends support for uplift projects | The Express Tribune
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[ad_1] ISLAMABAD: Asian Infrastructure and Investment Bank (AIIB) President Jin Liqun has extended the bank’s complete support and cooperation to Pakistan for development projects and investment. The development came during a virtual meeting between Finance Minister Ishaq Dar and the AIIB president as part of the International Monetary Fund (IMF), the World Bank Spring meetings…
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Govt increases petrol price for next fortnight
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[ad_1] An employer of a petrol pump fills the fuel tank of a bike in Karachi, on March 17, 2023. — TheNews ISLAMABAD: The federal government has increased the price of petrol by Rs10 per litre for the next fortnightly review, announced Federal Minister for Finance Ishaq Dar. In a statement, the Finance Division said…
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AIIB assures Pakistan of complete support
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[ad_1] The Asian Infrastructure Investment Bank building. AFP/File Appreciating the economic policies and reforms of the Pakistan Democratic Movement (PDM)-led government for the social uplift of the masses, the Asian Infrastructure and Investment Bank (AIIB) on Saturday extended its complete support and cooperation to the country. The development came during a virtual meeting between AIIB…
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Govt jacks up petrol price by Rs10 per litre | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has increased the price of petrol by Rs10 and the price of kerosene oil by Rs5.78 “in the wake of increase in petroleum prices in the international market and exchange rate variations.” After this increase, the prices of petrol and kerosene oil have respectively risen to Rs282 per litre and…
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Gold claws back after reaching historic high
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[ad_1] A representational image. — AFP/File Gold rate witnessed a significant drop in Pakistan Saturday as the yellow metal saw a major reduction in its rate in the international market. The price of gold (24 carats) dropped by Rs2,600 per tola and Rs2,229 per 10 grams to reach Rs216,000 and Rs185,185, respectively, data released by…
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What will be new petrol prices in Pakistan from April 16?
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[ad_1] A representational image of a petrol station staffer updating the fuel prices in Karachi. — AFP/ File KARACHI: The government is likely to jack up the price of petroleum products by Rs10-14 per litre for the next fortnight due to rising oil prices in global markets, The News reported citing sources. The price hike comes…
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We have to fulfill IMF conditions as there’s no other option: PM Shehbaz
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[ad_1] Prime Minister Shehbaz Sharif addresses a ceremony in Lahore, on April 15, 2023. — PID LAHORE: Prime Minister Shehbaz Sharif on Saturday lamented that it’s a tough time and the authorities have to fulfil the “tough” conditions of the International Monetary Fund (IMF) as there is no other option.” Addressing a ceremony after reviewing the…
