Business News
-
Govt plans to raise edible oil production to 4.8m tons | The Express Tribune
.
[ad_1] ISLAMABAD: The government has planned to increase the annual edible oil production up to 4.79 million tons over the next 10 years in an effort to take the country towards self-sufficiency in food commodities, especially in edible oil. Minister for Planning and Development Ahsan Iqbal presided over a meeting on Friday to review the…
-
Ministry withholds 150% allowance | The Express Tribune
.
[ad_1] ISLAMABAD: The Ministry of Finance on Friday withheld a notification for 150% executive allowance for the bureaucrats as it planned to give a need-based allowance instead of making it part of the salary of every officer serving in the federal government. However, the Ministry of Finance did notify the merger of five ad hoc…
-
Govt to exploit hydrocarbon resources | The Express Tribune
.
[ad_1] ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Friday said the government was committed to exploiting indigenous hydrocarbon resources for achieving self-sustenance in the energy sector. Addressing a news conference, he said a plan was being devised to provide effective package of incentives to both local and foreign exploration and production (E&P)…
-
5 more palm oil carrying ships to arrive by July 10 | The Express Tribune
.
[ad_1] ISLAMABAD: Indonesian Ambassador Adam Mulawarman Tugio has said that palm oil supply from Indonesia to Pakistan will be completed by July 10 under the current phase. “So far five ships have arrived in the port city of Karachi and another five will arrive by July 10,” Tugio said while talking to APP on Friday.…
-
Solar energy package on the cards | The Express Tribune
.
[ad_1] ISLAMABAD: The government is working on a comprehensive solar energy package comprising tax waivers and concessionary loans for consumers in a bid to overcome the prolonged power outages that have stalled life in the country. The solar package will also include a short-term plan for shifting government offices on to solar energy. It involves…
-
Very difficult challenge for govt to control loadshedding crisis: PM Shehbaz
.
[ad_1] Prime Minister Shehbaz Sharif address a high-level government meeting on loadshedding at the PM’s Office in Islamabad, on July 1, 2022. — YouTube/PTVNews ISLAMABAD: Slamming the PTI for not securing cheap gas during its tenure, Prime Minister Shahbaz Sharif Friday said that it was a “very, very difficult” challenge faced by the coalition government…
-
Two subsidised loan schemes put on hold | The Express Tribune
.
[ad_1] KARACHI: The PML-N led coalition government has temporarily suspended two major subsidised loan schemes introduced by the previous PTI administration for lowcost houses and youth entrepreneurship. “It is advised that government of Pakistan is considering reviewing/ revising features of ‘Government Markup Subsidy (G-MSS) for Housing Finance’ commonly known as Mera Pakistan Mera Ghar (MPMG)…
-
Pakistan-Bangladesh trade to cross $1b | The Express Tribune
.
[ad_1] FAISALABAD: Bilateral trade between Pakistan and Bangladesh is growing at a rapid pace and it will cross the $1 billion mark by the yearend, Bangladesh High Commissioner Ruhul Alam Siddique said. Addressing the business community at the Faisalabad Chamber of Commerce and Industry (FCCI) on Thursday, he said that Pakistan was very important for…
-
Stocks close last session of FY22 in green | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Stock Exchange closed the last trading session of FY22 with a recovery of 243 points in a volatile trading session. Value buying by investors sent the benchmark KSE-100 index above the 41,500-point mark. Investors’ sentiment remained positive amid approval of Rs9.6 trillion federal budget and the Finance Bill by the National…
-
FY23 – a year of consolidation | The Express Tribune
.
[ad_1] KARACHI: Fiscal year 2022-23, which has started on Friday, will be a year of consolidation for Pakistan’s economy. Slowing economic activities are expected to hit the bottom and then bounce back during the year as the PML-N led coalition government has started taking corrective measures. The political noise ahead of the general elections in…
