Business News
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China vows support for industrial growth | The Express Tribune
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[ad_1] LAHORE: Newly-appointed Chinese Consul General Zhao Shiren has said that collaboration in various sectors of the economy between Punjab and China can push economic ties to new highs and vowed that the Chinese Consulate in Lahore will fully cooperate to accelerate businessto-business engagement for industrial growth. The consul general expressed these views while visiting…
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Sri Lanka suspends fuel sales for two weeks: official
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[ad_1] — AFP/File COLOMBO: Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services Monday and appealed to the private sector to let employees work from home after running out of supplies. “From midnight today, no fuel will be sold except for essential services like the health sector, because we…
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Pakistan strikes deal with France to suspend loans worth $170m
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[ad_1] A person holds dollars in this undated photo. — AFP/File ISLAMABAD: The Pakistan government Monday signed an agreement with France under the G20 Debt Service Suspension Initiative (DSSI), the Ministry of Economic Affairs stated, leading to the suspension of loans worth $107 million. “This amount, initially repayable between July and December 2021, will now…
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NEPRA approves Rs7.9 hike in fuel adjustment for May
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[ad_1] The National Electric Power Regulatory Authority approves Rs7.9 per unit hike for ex-Wapda distribution companies (Discos) for May. — NEPRA website/ File ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Monday approved an additional fuel cost adjustment (FCA) of Rs7.9 per unit for ex-Wapda distribution companies (DISCOS) for the month of May. The…
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Pakistan inks $107m debt suspension agreement with France | The Express Tribune
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[ad_1] Pakistan signed an agreement with France for the suspension of loans worth $107 million under the G20 Debt Service Suspension Initiative (DSSI) framework, according to an official statement issued on Monday. The Economic Affairs Division said the amount, initially repayable between July and December 2021, will now be repaid over a period of six…
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France suspends Pakistan’s $107m loan repayment | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and France signed an agreement for the suspension of repayment of loans amounting to $107 million under the G20 Debt Service Suspension Initiative (DSSI), according to a statement issued by the Economic Affairs Division on Monday. In the statement, the EAD said the amount, initially repayable between July and December 2021, would…
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India, EU resume free trade talks after nine-year gap | The Express Tribune
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[ad_1] India and the European Union resumed talks Monday on a free-trade deal after a nine-year gap, as Western countries seek to wean New Delhi off its close economic ties to Russia. Dubbed the “tariff king” by ex US president Donald Trump, India has become more open to lowering trade barriers in recent years and…
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Govt decides to revoke ban on import of mobile phones: sources
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[ad_1] The government has decided to withdraw ban on the import of mobile phones. Photo: Daily Jang/file ISLAMABAD: The federal government is all set to revoke the ban on the import of cell phones, said well-placed sources, according to a Daily Jang report published Monday. The sources privy to the matter said that a notification…
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Pakistan-IMF deal likely to be sealed today | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) is likely to send the draft of a Memorandum of Economic and Financial Policies (MEFP) to Pakistani authorities on Monday — a key step to indicate that the two parties have reached an agreement. The government wants to conclude an agreement with the international lender for the revival…
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Economic future of Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan is searching for a plausible policy to overcome the economic crisis. The policy which can help to achieve the goal of sustainable development and maintain dignified place in the global community. Pakistan has kick-started the process of dialogue, consultation and has engaged the policy institutes for assistance. Deliberations are going on with…
