Business News
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IMF yet to include Pakistan’s $7b EFF on Executive Board agenda | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) has not yet added Pakistan’s new 37-month Extended Fund Facility (EFF) to the agenda for its Executive Board meetings scheduled through September 18, according to the Fund’s official website. The upcoming meetings, set for September 9, 13, and 18, do not include the $7 billion EFF agreement reached with…
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Pakistan sees 71% surge in tax filers as FBR surpasses collection targets | The Express Tribune
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[ad_1] The Federal Board of Revenue (FBR) has reported a significant 71% increase in the number of tax return filers for the fiscal year 2023 (FY23), with an additional 2.2 million people filing, bringing the total to 5.3 million. The deadline for filing income tax returns for FY24 has been set for September 30, 2024. In…
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Apple set to unveil iPhone 16 with AI-powered features
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[ad_1] People look at the new iPhone 15 Pro at an Apple store in Shanghai, China, on September 22, 2023. —Reuters Apple is likely to release its new line of iPhones with generative AI feature on Monday as the company looks to boost sales of its iconic device. The tech giant founded by Steve Jobs…
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Gold price decreased in both global and local markets | The Express Tribune
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[ad_1] Listen to article The price of gold has dropped in both global and local markets. The price of gold in the local markets has carried its downwards trend from the previous week. The price of 24-karat gold per tola has fallen by 1,100 rupees to 260,400 rupees. Similarly, the price of gold per 10 grams has decreased…
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Correcting West’s narrative on Pakistan | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economy is poised to enter a sustainable growth phase after achieving recent stability. This is evident as renowned global credit rating agencies, including Fitch and Moody’s, upgraded Islamabad’s credit rating in July and August. These upgrades acknowledge that Pakistan has navigated out of economic and financial dangers, averting a major risk of…
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Pakistan’s economic crisis drives women into workforce | The Express Tribune
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[ad_1] Amina Sohail veers through heavy traffic to pick up her next passenger — the sight of a woman riding a motorcycle drawing stares in Karachi. The 28-year-old is the first woman in her family to enter the workforce, a pattern emerging in urban households coming under increasing financial pressure in Pakistan. “I don’t focus…
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SC judge warns against ‘Reko Diq mistake’ repeat | The Express Tribune
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[ad_1] ISLAMABAD: Justice Yahya Afridi of the Supreme Court has cautioned against forgetting the lesson learned in the Reko Diq case judgment – when the country managed to avoid a penalty of $11 billion after reaching an out-of-court settlement on the project in the Chagai district of Balochistan during the PTI government. “The lesson learnt…
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Youth skills key to climate change plan: Ajay Banga | The Express Tribune
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[ad_1] FUNAFUTI. World Bank President Ajay Banga said on Friday that young people in the Pacific Island nation of Tuvalu need training to help them move and adapt to climate change as he visited the frontline of the battle against rising sea levels. On the first visit by a World Bank chief to Tuvalu, the…
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‘Status quo can’t be maintained’: Energy minister confirms talks with IPPs to reduce power rates
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[ad_1] A worker of Peshawar Electric Supply Company (PESCO) climbs up a high-voltage pylon in Peshawar, August 7, 2017. — Reuters Confirming the coalition government’s efforts to renegotiate contracts with independent power producers (IPPs) to reduce “unsustainable” electricity tariffs, Energy Minister Awais Leghari said both sides have a clear understanding that the “status quo can’t…
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Taxi driver in El Salvador gets rich through Bitcoins
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[ad_1] Taxi driver Napoleon Osorio shows an app on his phone that he uses to charge his rides in bitcoins in San Salvador on September 4, 2024. — AFP SAN SALVADOR: Napoleon Osorio is the first taxi driver to accept payment in Bitcoins in the first country of the world, El Salvador, that has made…
