Business News
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Let’s defuse the petrol and diesel bomb | The Express Tribune
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[ad_1] KARACHI: Politicians have plenty of tools at their disposal. The economy being the prime area, hence, the economic policies are a way to advance the political capital in times of uneasiness, elections and loss of votes, by targeting voter…
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Avoiding economic meltdown | The Express Tribune
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[ad_1] ISLAMABAD: One of the steps taken by the government to forestall the gathering economic meltdown is to ban the import of about three dozen “luxury” goods (spread over 800 tariff lines), including vehicles, mobile phones, home appliances, and some…
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Structural issues behind property leasing, mortgage | The Express Tribune
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[ad_1] The World Bank’s board of executive directors earlier approved three financing projects in Pakistan worth $435 million as the country is experiencing a severe housing shortage. According to the World Bank, “Pakistan’s estimated housing shortage is up to 10…
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Time to depoliticise fuel prices | The Express Tribune
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[ad_1] ISLAMABAD: The latest increase in fuel prices threatens to flare up inflation and consumers’ tempers while damaging the political capital of the ruling party. In many countries, fuel prices move in tandem with the international crude oil prices, but…
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Despite high gas prices, US refiners strain to meet summer demand
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[ad_1] Photo: AFP/file NEW YORK: Only time will tell how much record US prices at the pump will dent driving demand this summer, but don’t expect a significant increase in gasoline supply from American refineries. The reason: Several US gasoline…
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Miftah says import ban does not extend to industrial raw material | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail on Sunday stated that the government has not issued a ban on any industrial raw material; the ban only extends to luxury and non-essential goods. The finance minister took to his official Twitter account to…
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Russia wheat to be imported against cash | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Saturday decided to directly import two million metric tonnes of wheat from Russian on cash while dropping a barter trade plan, as it also approved Rs160 billion supplementary grants to ensure uninterrupted supply of food, fuel…
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Govt urged to curb food imports | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Businesses Forum (PBF), while terming the ban on imports of luxury items necessary, has stressed the need for taking additional measures to regulate the burgeoning food import bill to support the country’s faltering economy. In a statement,…
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Economy may not sustain 6% growth in FY23 | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s economy faces strong headwinds and may not sustain 6% economic growth in the next fiscal year, as it is caught in a vicious cycle of inflation and currency depreciation, said the Ministry of Finance on Saturday. The…
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China’s Grab Unloaders to aid bulk cargo handling | The Express Tribune
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[ad_1] KARACHI: Port Muhammad Bin Qasim is poised to receive two Grab Unloaders next week to facilitate its handling of dry bulk cargo. The DM25T-43M Grab Unloaders are designed and manufactured by Nanjing Port-Machinery and Heavy-Industry Manufacture Co Ltd (NPHMC),…
