Business News
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Costly veg oil: a test for Pakistan | The Express Tribune
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[ad_1] BEIJING: As Ukraine and Russia are the top two exporters of sunflower seed oil, the military conflict between them has led to sharp spikes in vegetable oil prices among food commodities. The FAO Vegetable Oil Price Index averaged 248.6 points in March, up 46.9 points from February and hitting a new record high. Pakistan,…
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Employees link to PSDP-funded projects get pay boost | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has revised pay packages of officials working in development projects funded under the Public Sector Development Programme (PSDP), setting a monthly salary cap of Rs1.4 million for top officials while fixing Rs28,000 as the minimum paycheck for bottom grade staff. The government announcement would apply to current employees and officials…
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Inflation skyrocketed to 13.4% | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate in April skyrocketed to 13.4% – the highest pace in almost eleven-and-a-half years, putting the new government in a tight spot at a time when it had already committed with the International Monetary Fund to raise fuel prices to revive the stalled $6 billion (now $8 billion) bailout package. The…
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Agro-voltaic farming, power production together | The Express Tribune
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[ad_1] ISLAMABAD: Although it is said that there is ample land on earth to accommodate all solar power that we want, there are land availability issues when one starts looking for land for installing solar power plants – land is not available, is expensive or there are better or more vital uses such as growing…
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How to get economy moving again? | The Express Tribune
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[ad_1] ISLAMABAD: As a new coalition government has been formed at the centre, the incoming premier seeks to reset major economic reforms and has received a great deal of attention for his ambitious plans to address Pakistan’s long-term budget and fiscal health difficulties. Though we have yet to see him pitching an ambitious legislative agenda…
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Political economy of coalition government | The Express Tribune
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[ad_1] ISLAMABAD: A new multi-party coalition government has taken oath in Pakistan. It has a lot of challenges, especially regarding the economy and governance. The major one is the political economy of a coalition government since the literature largely explains that coalition governments perform badly. This article not only provides its causes but also explains…
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Energy sector: possible priorities of new govt | The Express Tribune
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[ad_1] We have a new government. Many causes are being assigned to the fall of the previous one. One theory is that it lost the support of the “establishment”, while the other is that the US getting antagonised by ex-PM’s visit to Russia and then orchestrating the ouster. There is some substance in the first,…
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Time to sign Charter of Economy! | The Express Tribune
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[ad_1] KARACHI: There are a few macro indicators that are used (actually misused) by the politicians depending on which side of the floor they are occupying in the house. For instance, increasing petrol prices is the source of all evils if you are in the opposition but makes absolute economic sense if you are sitting…
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Yearning for home sweet home | The Express Tribune
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[ad_1] PUBLISHED May 01, 2022 LAHORE: Pakistan is undergoing a housing crisis on a never-before-seen scale. Low-rise, low-income urban settlements are morphing into high-rise, high-density shanty towns, complete with the tangible, socioeconomic, and ecological problems associated with unplanned urban growth. Demand for housing is outpacing supply across the globe. However, Pakistan has a particularly acute…
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Slight dip in shortfall as energy crunch persists | The Express Tribune
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[ad_1] ISLAMABAD: Amid the government’s efforts to plug the power shortfall, a slight reduction in the deficit witnessed on Saturday nonetheless fell short of meeting the leap in demand as sweltering heatwave swept across the country. The total shortfall which was hovering between 7,000 and 8,500 megawatts for days slumped to 7,700MW — a ‘silver…
