Business News
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Russia’s McDonald’s renamed ahead of grand re-opening
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[ad_1] An employee stands in front of the new logo of the Russian version of a former McDonald’s restaurant before the opening ceremony, in Moscow today. – AFP MOSCOW: Former McDonald’s restaurants in Russia have been renamed “Vkusno i tochka” (“Delicious. Full Stop”), the new owner said ahead of their grand re-opening later on Sunday.…
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Rs79b released for water projects in FY22 | The Express Tribune
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[ad_1] ISLAMABAD: The government has released a record amount of Rs78.81 billion for water projects during the ongoing fiscal year 2021-22. “Out of the total budget allocation of Rs90.31 billion, Rs78.81 billion has been released. It is expected that the remaining allocated budget will be utilised by June 2022,” revealed the Annual Plan 2022-23 released…
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Real estate taxes to hinder growth of construction sector | The Express Tribune
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[ad_1] ISLAMABAD: The new taxes imposed by the government through the budget for 2022-23 on the real estate sector will badly affect the growth of construction industry and largely increase unemployment, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. “The construction industry plays a vital role in the development of the…
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US gas price hits a record $5 a gallon: auto group
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[ad_1] — AFP NEW YORK: The average price of premium gasoline at the pump has surpassed $5 a gallon for the first time in the United States, the American Automobile Association (AAA) reported Saturday. That record level, coming on top of months of soaring inflation, represents the latest bad news for President Joe Biden just…
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Govt to spend Rs118 billion on connectivity projects | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan government on Friday unveiled a Rs727 billion development programme, with Rs118 billion set aside for new and ongoing connectivity projects under the China-Pakistan Economic Corridor (CPEC), Central Asia Regional Economic Cooperation (Carec) programme and Khyber Pass Economic Corridor (KPEC). Bulk of the funds has been earmarked for road projects along the western…
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Stock market gains 1.7% on budget optimism | The Express Tribune
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[ad_1] KARACHI: Bulls dominated the Pakistan Stock Exchange during the outgoing week as investors remained optimistic and started the trading week on a positive note amid the federal budget announcement. The investors took fresh positions and opted to cherry-pick stocks as the week began with positive news that the government was setting the budget deficit…
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Govt requests $2b loan rollover | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has made another request to China for the rollover of $2 billion worth of debt maturing soon but it forgot to book Chinese and International Monetary Fund (IMF) loans in the budget, underreporting foreign borrowing by $7 billion for the next fiscal year. Finance Minister Miftah Ismail admitted on Saturday that the…
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Hyundai Motor plants in extra weekend run | The Express Tribune
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[ad_1] A huge Hyundai Motor Co factory complex added weekend production on Saturday, despite a nationwide strike by truckers that has hit ports and other South Korean industrial giants, including steelmaker Posco. On day five of the strike, some 100 unionised truckers, about a tenth of Friday’s show of force, assembled at the main gate…
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Tanzania signs LNG framework agreement | The Express Tribune
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[ad_1] DAR ES SALAAM: Tanzania signed a framework agreement on Saturday with Norway’s Equinor and Britain’s Shell that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) export terminal, live video from the event showed. Energy Minister January Makamba said the signing would pave the way for a final…
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US gasoline price tops $5 per gallon | The Express Tribune
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[ad_1] NEW YORK: The price of US gasoline averaged more than $5 a gallon for the first time on Saturday, data from the American Automobile Association (AAA) showed, extending a surge in fuel costs that is driving rising inflation. The national average price for regular unleaded gas rose to $5.004 a gallon on June 11…
