Business News
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Govt okays Rs96 billion subsidy | The Express Tribune
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[ad_1] ISLAMABAD: The day the government lost majority in the National Assembly, the Economic Coordination Committee (ECC) of the cabinet approved Rs96 billion in subsidies for exporters, mainly the textile industry, and urea manufacturers, taking the total financial impact of…
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South African ambassador calls for direct trade routes | The Express Tribune
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[ad_1] LAHORE: Pakistan and South Africa should create direct trade routes for exchange of goods instead of trading via Europe, said High Commissioner of South Africa Mthuthuzeli Madikiza. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday…
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Govt prioritising industrial expansion | The Express Tribune
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[ad_1] ISLAMABAD: The government will extend all possible support to the industries for stabilising the economy, boosting economic growth, eliminating unemployment and improving the living standards of people, said Senate Deputy Chairman Mirza Muhammad Afridi. Speaking at the Rawalpindi Chamber…
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Businessmen irked over diversion of gas | The Express Tribune
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[ad_1] KARACHI: Businessmen have expressed agitation over diversion of Sindh’s gas to the Sui Northern Gas Pipelines Limited’s (SNGPL) network and termed it unjust move. In a joint statement on Wednesday, several chambers and businessmen lobbies of Karachi said that…
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Tax break agreed in Reko Diq case | The Express Tribune
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[ad_1] ISLAMABAD: The government has approved tax exemptions on the payment of $900 million to Antofagasta under an exit deed for the settlement of Reko Diq dispute. In a recent meeting held on March 25, the Economic Coordination Committee (ECC)…
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Market watch: Stocks fall in volatile trading | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange remained under the grip of volatility on Wednesday as the KSE-100 index had a topsy-turvy movement, driven by the transforming political scenario and the emerging developments prior to the no-confidence motion. Additionally, the rupee…
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Govt enhances borrowing limit to Rs50m | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to considerably enhance the borrowing limit set for the youth business loan programme to a maximum Rs50 million per person, in addition to relaxing the criteria of sovereign guarantees amid political turmoil in the…
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Rupee at new historic low | The Express Tribune
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[ad_1] KARACHI: The rupee weakened against the US dollar at Rs182.34 in the inter-bank market on Tuesday compared with Monday’s close of Rs182.19, according to the State Bank of Pakistan (SBP). It was an all-time low value for the local…
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More capital market reforms on the cards | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has cherished the successful rollout of important projects by the central bank including the Roshan Digital Account (RDA) and RAAST instant payment system. During his visit to the Central…
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Bulgarian envoy stresses enhancing two-way trade | The Express Tribune
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[ad_1] KARACHI: The Covid-19 pandemic created a lot of challenges during the past two years but now it is time to focus on the exchange of trade delegations between Pakistan and Bulgaria to lift the trade volume, said Ambassador of…
