Business News
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CNG sector floats $2.1 billion import bill saving plan | The Express Tribune
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[ad_1] ISLAMABAD: The compressed natural gas (CNG) industry on Tuesday unveiled a plan that could save $2.1 billion in import bill by providing significantly cheaper gas for vehicles provided the government facilitated the private sector in liquefied natural gas (LNG) import. At present, government companies have monopoly over LNG import and distribution, though all necessary…
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Cement sales decrease 16% | The Express Tribune
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[ad_1] LAHORE: Cement sales contracted 15.85% to 3.32 million tons in May 2022 compared to sales of 3.94 million tons in the same month of previous year. According to data released by the All Pakistan Cement Manufacturers Association, domestic cement sales of the industry stood at 3.15 million tons during May compared to 3.2 million…
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Delay in early elections will aggravate economic crisis: Hammad | The Express Tribune
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[ad_1] Former energy minister Hammad Azhar has said that political instability triggered by the vote of no-confidence that toppled the PTI-led government earlier this year was responsible for the prevailing economic crisis. “Leader [Shehbaz Sharif] of minority party became prime minister of the country…comedy show is going on… if this was a private company they…
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Govt mulls early closure of markets to conserve energy: sources
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[ad_1] Prime Minister Shahbaz Sharif chairs a meeting of the federal cabinet. -PM Office/File ISLAMABAD: The federal government is considering different options, including an early closure of markets to conserve energy amid the rising prices of petroleum products, Geo News reported Tuesday, citing sources. A meeting of the Federal Cabinet is underway, during which measures…
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Dollar continues to surge, crosses 201-mark in interbank market
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[ad_1] A forex dealer counting currency notes in this file photo. -Agencies KARACHI: The Pakistani rupee once again breached the 201 threshold and against the US dollar in the interbank market during intra-day trade on Tuesday, Geo News reported. The dollar gained Rs0.94 during the intraday trade today. It ended at 200.06 per dollar a…
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‘Very confident’ about IMF deal, says Miftah | The Express Tribune
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[ad_1] Addressing the pre-budget seminar on Tuesday, Finance Minister Miftah Ismail said on Tuesday that he was “very confident” about the deal with the International Monetary Fund (IMF). A day earlier, the minister said that the government did not have any plans to impose a financial emergency in the country or freezing the foreign…
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Miftah predicts 5%-6% GDP growth in next fiscal | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail predicted on Tuesday that country’s GDP will grow by 5%-6% and the government would control the high rate of inflation. The minister’s remarks came as he addressed the pre-budget seminar, in which he also revealed that the government has prepared a progressive fiscal budget, with the deficit reduced to below 5%. The minister…
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Miftah predicts 5%-6% GDP growth in next fiscal year | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail predicted on Tuesday that country’s GDP will grow by 5%-6% and the government would control the high rate of inflation. The minister’s remarks came as he addressed the pre-budget seminar, in which he also revealed that the government has prepared a progressive fiscal budget, with the deficit reduced to below…
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Rupee plummets to all time low of 203 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Tuesday made a historical drop of Rs3.06 (1.50%) in a single day and surpassed Rs203 against the US dollar for the first time ever in the inter-bank market. It was available for sale at Rs203.12 at around 11:20 am in the market on Tuesday, after closing at Rs200.06 against…
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Rupee plummets to all time low of 204 against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee on Tuesday made a historical drop of Rs4.00 in a single day and surpassed Rs204 against the US dollar for the first time ever in the inter-bank market. It was available for sale at Rs204 at around 1:40pm in the market on Tuesday, after closing at Rs200.06 against the greenback…
