Business News
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Petrol price in Pakistan expected to drop in next fortnightly review
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[ad_1] Petrol price and litres displayed on a digital screen at a petrol pump in Karachi, on March 17, 2023. — The News The rates of petroleum products in Pakistan are expected to decline from April 1, Geo News reported Wednesday, following a reduction in international crude oil prices. The price of diesel is likely…
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SBP directs banks to observe extended banking hours
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[ad_1] An undated image of the State Bank of Pakistan (SBP) building. — AFP In order to facilitate the taxpayers in payment of government duties/taxes, the State Bank of Pakistan (SBP) on Wednesday — at the request of the Federal Board of Revenue (FBR) — directed all branches of banks to observe extended banking hours…
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EU removes Pakistan from ‘list of High-Risk Third Countries’ | The Express Tribune
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[ad_1] The European Union (EU) on Wednesday removed Pakistan from its list of ‘High-Risk Third Countries’ for anti-money laundering and terrorist financing purposes, according to the Ministry of Commerce. The EU Commission is mandated to identify high-risk third countries having strategic deficiencies in their regime on anti-money laundering and countering the financing of terrorism (AML/CFT).…
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Inflation-hit Karachiite to pay for higher electricity bills
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[ad_1] An undated image of a K-Electric bill displayed on a mobile screen. — KE website ISLAMABAD: The power tariff for K-Electric consumers is likely to be jacked up by Rs6 per unit as the federal government sought an increase from the National Electric Power Regulatory Authority (Nepra) in the context of two quarterly fuel…
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Meta to lower bonuses for employees: WSJ | The Express Tribune
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[ad_1] BENGALURU: Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo. Employees of the social media giant, who get a rating of “met most expectations” in their 2023 year-end reviews, will receive a…
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Rupee stabilises against dollar at 283.55 | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee continued to stabilise around current levels on Tuesday as it inched up 0.01%, or Rs0.03, and closed at Rs283.55 against the US dollar in inter-bank market. The rupee managed to inch up owing to low demand for dollar amid critically low foreign exchange reserves of the country at $4.6 billion. The…
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Gold recovers lost sheen, bounces back above Rs205,000 per tola level
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP/File Gold rose on Tuesday, climbing back to the Rs205,000 per tola level as delay in the revival of the International Monetary Fund (IMF) programme kept the currency market in check bolstering the appeal of the safe haven asset. According to the data…
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ECC defers handing over airports to foreign country | The Express Tribune
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[ad_1] ISLAMABAD: The government on Monday did not endorse an advisory service agreement with an arm of the World Bank Group for handing over Pakistan’s three international airports to a foreign country due to objections raised by some cabinet members. The Economic Coordination Committee (ECC) of the Cabinet, which deferred the approval of the agreement,…
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ECC refuses to increase price of Remdesivir injection
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[ad_1] Pharmacy employees wearing facemasks as a preventive measure against the coronavirus attend to customers in Islamabad, Pakistan, on March 23, 2020. — AFP The Economic Coordination Committee (ECC) of the federal cabinet Monday decided not to increase the price of Remdesivir injection, used for the treatment of COVID-19, Radio Pakistan reported. The ECC, under…
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BOI assures businessmen of minimising regulations | The Express Tribune
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[ad_1] LAHORE: Board of Investment (BOI) Secretary Asad Rehman Gilani has said that the industry is bound to deal with 70 different types of regulators in the country, which shouldn’t be the case. Speaking at the Lahore Chamber of Commerce and Industry (LCCI), the BOI secretary pointed out that they had launched Pakistan Regulatory Modernisation…
