Business News
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Federal cabinet greenlights merger of 82 state-owned enterprises | The Express Tribune
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[ad_1] Listen to article The Federal Cabinet has approved recommendations submitted by the Rightsizing of the Federal Government Committee for the merger and dissolution of 82 State-Owned Enterprises (SOEs). The Cabinet, which met in Islamabad today with Prime Minister Shehbaz Sharif in the chair, while assenting to the recommendations, also constituted a committee to protect the interests…
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SBP head says govt plans to secure $4bn from Middle Eastern banks
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[ad_1] SBP Governor Jameel Ahmad addressing a press conference in Karachi on January 29, 2024, in this still taken from a video. — Facebook/@StateBankofPakistanPakistan seeks to raise $4bn from ME banks by next fiscal year KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has stated that the government wants to raise up to $4…
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Plan on anvil to reduce electricity tariff: power minister
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[ad_1] Federal Minister of Energy Sardar Awais Ahmad Khan Leghari. — APP/File FAISALABAD: Federal Minister of Energy Sardar Awais Ahmad Khan Leghari has said that the cost of electricity production will be reduced as an action plan in this regard is being prepared by introducing reliable reforms to the power sector and minimising line losses.…
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$7b bailout request not on IMF agenda | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund’s Executive Board meeting will not take up the $7 billion bailout package to Pakistan for approval as it is not part of agenda for the current week. IMF has issued the Executive Board meeting’s schedule for September 4, which does not include Pakistan’s request for $7 billion bailout package.…
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FBR detects Rs69.5b over-invoicing | The Express Tribune
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[ad_1] The FBR detected over invoicing in the import of solar panels by 63 importers during 2017-22 period and filed a case against two fake companies, it was learnt on Monday. According to an FBR report, two big companies imported solar panels worth Rs72.83 billion and sold them for Rs45.61 billion. It added that on…
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IMF Executive Board’s schedule up to September 4 ‘excludes Pakistan’
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[ad_1] The International Monetary Fund’s logo is seen outside the global lender’s headquarters in Washington,US, April 20, 2018. — Reuters The International Monetary Fund (IMF) has released its executive board meeting schedule through September 4, 2024, and sources in the Finance Division indicate that Pakistan, which direly needs external funding to bail out its economy,…
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Khawaja Anver Majid Nominated for Hilal-e-Imtiaz: A Legacy of Economic Empowerment and Philanthropy
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[ad_1] Founder and Chairman of Omni Group Khawaja Anver Majid.Khawaja Anver Majid, the Founder and Chairman of Omni Group, has been nominated for the prestigious Hilal-e-Imtiaz in recognition of his significant contributions to Pakistan’s economy. This announcement is part of the national awards, which… [ad_2] Source link
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Recession scare for US economy | The Express Tribune
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[ad_1] KARACHI: A recession scare is enveloping the topsy-turvy economy of the US as warning signs appear about its economic outlook in conjunction with the employment data. The global economy’s great engine is faltering and sputtering gradually. Data released by the US Department of Labour on August 21 showed that from April 2023 to March…
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Firewalls: threat to digital ecosystem | The Express Tribune
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[ad_1] KARACHI: Life is becoming increasingly difficult for ordinary Pakistanis, to the point where even typically silent segments of society are stepping into the fray. As I highlighted in my previous article about the salaried class’s growing discontent with the regressive tax regime, the wave of unrest is now reaching those who normally enjoy a…
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Debunking misconceptions about CPEC energy projects | The Express Tribune
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[ad_1] ISLAMABAD: The Power Policy of 1994 was introduced as the ultimate solution to Pakistan’s electricity problems. Western countries and institutions praised the policy as one of the best pro-private sector initiatives. The World Bank and USAID collaborated with other multilateral donors to ensure the policy’s success by providing financial support. Both the World Bank…
