Business News
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Govt introduces new pension scheme for all federal employees | The Express Tribune
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[ad_1] ISLAMABAD: The government has introduced a new contributory pension fund scheme for all federal government employees, according to an office memorandum issued by the Ministry of Finance on Tuesday, Express News reported. The memorandum states that the scheme will apply to all employees hired on a permanent basis from 1st July 2024 onwards. It…
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Finmin Aurangzeb outlines Pakistan’s path to sustainable economic growth | The Express Tribune
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[ad_1] Pakistan’s Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to steering the economy toward stability and sustainable growth. Speaking at a recent media briefing, Aurangzeb addressed the country’s ongoing economic challenges and the efforts being made to overcome them. He highlighted that despite the difficulties, significant progress has been made, particularly in terms…
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IMF pours cold water on Punjab’s cheap power plan | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has slapped Pakistan with a slew of new conditions regarding energy subsidies and provincial budgets after Punjab took a “fiscally reckless” decision to give Rs45 to Rs90 billion electricity subsidies for two months. Government sources told The Express Tribune on Monday that the global lender imposed at least…
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Salt exports set to surge as Bangladesh seeks alternatives | The Express Tribune
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[ad_1] KARACHI: Speculation among salt traders about a potential surge in salt exports to Bangladesh has intensified recently, driven by political developments in Bangladesh and environmental factors affecting salt production in India, the largest supplier to the Bangladeshi market. Industry insiders report a noticeable increase in quotation requests from Bangladeshi traders, largely due to Bangladesh’s…
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Customers face difficulty in withdrawing cash from ATMs
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[ad_1] A person inserting a card in an Automated Teller Machine (ATM). — Reuters/File KARACHI: A connectivity disruption of various banks with 1LINK — the consortium that operate the largest representative of interbank network in Pakistan — caused immense difficulties for the customers on Monday to withdraw cash from the automated teller machines (ATMs). A…
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Pakistan’s inflation drops to single digit after nearly 3 years
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[ad_1] A shopkeeper uses a calculator while selling spices and grocery items along a shop in Karachi on June 11, 2021. — Reuters ISLAMABAD: Pakistan’s annual core inflation, measured by Consumer Price Index (CPI), decelerated further to 9.6% in August, the first single-digit reading in almost three years, the Pakistan Bureau of Statistics (PBS) said…
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Pakistan records lowest inflation in nearly three years | The Express Tribune
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[ad_1] Listen to article Pakistan’s consumer price index (CPI) rose by 9.6 per cent year-on-year (YoY) in August, marking a 34-month low, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The CPI, which tracks household inflation by measuring price changes across various categories of household expenditure, showed a notable decline from the…
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TikTok organises workshop in Karachi to empower small, medium businesses
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[ad_1] This undated photo shows TikTok workshop in Karachi for empowering Small and Medium Businesses (SMBs) in Pakistan. — Supplied TikTok recently concluded its eagerly awaited workshop in Karachi, aimed at empowering Small and Medium Businesses (SMBs) in Pakistan. The #GrowWithTikTok Masterclass brought together a diverse group of SMB owners, marketers, and entrepreneurs, all eager to learn…
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Kaiser Bengali quits committees formed to cut expenses
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[ad_1] Economist Dr Kaiser Bengali speaks at an int’l conference on the transformation of ideas in Pakistan’s political culture on February 20, 2024. — Facebook/Karachi University ISLAMABAD: After blaming Prime Minister Shehbaz Sharif’s administration for not following recommended steps, renowned economist Dr Kaiser Bengali on Saturday tendered his resignation from three government committees formed to…
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Petrol price in Pakistan goes down by Rs1.86 per litre
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[ad_1] A view of large number of motorcyclist filling fuel from PSO petrol pump in Hyderabad on July 2, 2022. — APP ISLAMABAD: Following the approval of Prime Minister Shehbaz Sharif, the federal government on Saturday announced reduction in petrol price by Rs1.86 per litre for the third time in a row. The new fuel…
