Business News
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Panic over blocked imports in crisis-stricken Pakistan
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[ad_1] A security personnel stands guard beside a ship carrying containers on Gwadar port. AFP/File Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi into the country, warning that…
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Ban on imports to render millions jobless: business leaders | The Express Tribune
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[ad_1] Business leaders are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi into the country, warning that a failure to lift a ban on imports will leave millions jobless. Faced with critically…
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Remittances hit 32-month low at $1.89b in January | The Express Tribune
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[ad_1] KARACHI: Workers’ remittances to Pakistan fell to a 32-month low in January 2023, slipping below the $2 billion mark, according to the State Bank of Pakistan (SBP). The remittances recorded at $1.89 billion, a decrease of 13% compared to…
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PM for speedy completion of solar energy projects | The Express Tribune
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[ad_1] LAHORE: Prime Minister Shehbaz Sharif on Sunday directed the speedy completion of solar and wind energy projects and said it was a priority of the government to encourage the production of electricity through renewable energy sources. While chairing a…
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What has Pakistan agreed with IMF? | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has agreed with the International Monetary Fund on the conditions to release $1.1 billion in critical funding, Finance Minister Ishaq Dar said on Friday, adding that the payout was delayed due to “routine procedures”. Below are the…
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Haining extends energy partnerships | The Express Tribune
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[ad_1] BEIJING: The Deputy Director of Economic Development Office of Zhouwangmiao, Haining City of China, Jin Hongxian, on Saturday, proposed collaboration and technical exchange with Pakistan in the energy sector. Addressing a business matchmaking meeting between Haining and Pakistani technology…
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Moody’s paints bleak picture of Pakistan’s external position
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[ad_1] A sign for Moody’s rating agency stands in front of the company headquarters in New York, September 18, 2012. – AFP/ File The International Monetary Fund (IMF) is likely to demand Pakistan to take revenue-raising measures among prior actions…
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Rs170b mini-budget on the cards | The Express Tribune
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[ad_1] Pakistan has agreed to impose new taxes to recover an additional Rs170 billion revenue, including through 1% increase in the General Sales Tax (GST) rate, in just four months. This would in addition to withdrawal of unbudgeted power subsidies…
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Nepra admits KE’s generation tariff plea for its six power plants
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[ad_1] Nepra admits KE’s generation tariff for its six power plants. The KE website. KARACHI: K-Electric has submitted a tariff petition to the National Electric Power Regulatory Authority (NEPRA) for its power generation plants for the period starting July 1,…
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12% YoY decrease in earnings on cotton | The Express Tribune
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[ad_1] KARACHI: The agriculture sector is experiencing a shift in crop yields and income following the recent floods and support price adjustments. Wheat, sugarcane, and basmati rice are expected to see a rise in income per acre, but cotton crops…
