Business News
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CM Murad Ali Shah breaks ground for KE’s 500KV grid
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[ad_1] Chief Minister Sindh Murad Ali Shah, Provincial Energy Minister Imtiaz Shaikh and KE officials perform the groundbreaking ceremony of KE’s 73rd grid station project on December 12, 2022.—KE KARACHI: In a bid to give the port city access to more electricity, a 500KV grid station project has been launched that will link Karachi-Electric’s network…
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Pakistan to host CARs trade summit: PM | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister (PM) Shehbaz Sharif on Monday said that Pakistan would soon host a summit for the leaders of the Central Asian Republics (CARs) to focus on connectivity through road and rail links to boost regional trade and investment. In a meeting with a nine-member parliamentary delegation from Kazakhstan, led by the Chairman…
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Ray of hope for beleaguered auto sector | The Express Tribune
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[ad_1] KARACHI: There is a lot of hope in the beleaguered auto sector that has picked up some pace as vehicle sales have improved for the second consecutive month, though fears of a slowdown in the coming months still exist. Pakistan’s car sales including sales of non-Pama (Pakistan Automotive Manufacturers Association) members came in at…
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SSGC issues gas loadshedding schedule for Sindh
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[ad_1] A representational image. — AFP/File Amid severe gas shortage in the country, the Sui Southern Gas Company (SSGC) announced a new load management plan. According to the new plan, gas will be supplied to consumers in Sindh for a total of eight hours during the following windows: Morning: 6-9am, Afternoon: 12-2pm Night: 6-9pm The SSGC…
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New day, new high: Gold hits Rs169,650 per tola
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[ad_1] A representational image of gold bangles. — AFP/File Amid the shortage of dollars in the country, investors shifted their focus toward gold consequently its price in Pakistan reached a historic high of Rs169,650 per tola on Monday. Price of per tola gold surged by Rs2,350 to an all-time high as investors continued to take…
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ADB approves flood assistance package for Pakistan
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[ad_1] Internally displaced people wade through floodwaters after heavy monsoon rains in Jaffarabad district in Balochistan province on September 8, 2022. — AFP ISLAMABAD: A $554 million financing package, including new and reallocated funds, has been approved to support recovery and reconstruction efforts in Pakistan following this year’s devastating floods, and to strengthen the country’s…
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ADB approves $554m flood assistance package for Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) on Monday approved a $554 million financing package, including new and reallocated funds, to support recovery and reconstruction efforts in Pakistan following this year’s devastating floods, and to strengthen the country’s disaster and climate resilience. The financing includes a $475 million loan and $3 million technical assistance grant…
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HBL wins Best Bank Award 2022 | The Express Tribune
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[ad_1] KARACHI: The HBL won the Pakistan’s Best Bank Award 2022 at the Pakistan Banking Awards held here on December 9. The Best Bank Award recognises the bank that has demonstrated the most significant contribution to national development and the most effective management of its resources including their employees, clients, franchise, community, and financials.…
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ECC approves agenda items relating to Reko Diq Project | The Express Tribune
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[ad_1] The Economic Coordination Committee (ECC) on Sunday approved two important agenda items related to the Reko Diq project, paving the way for its early start. Finance Minister Ishaq Dar chaired the committee meeting virtually today. The Ministry of Energy submitted a summary on accrued interest with respect to the amount held in an escrow…
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Pakistan to get $32b loans this year | The Express Tribune
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[ad_1] ISLAMABAD: Renowned economic and political experts said on Friday that there was no immediate chance of imposing economic emergency in the country as the government still hopes that it would get $32 billion loans this year. Anchorpersons, Shahbaz Rana and Kamran Yousaf, while discussing current economic and political issues, noted that Pakistan’s official foreign…
