Business News
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Finance Ministry reveals substantial debt increase over three-year period | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance has submitted details to the Senate regarding the increase in national debt over the past three years. According to the written response, the national debt increased by Rs31.5 trillion during this period. In the fiscal year 2021-22, the debt rose by Rs9.4 trillion, in 2022-23 by Rs13.7 trillion, and…
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NEPRA raises tariff by Rs2.6 per unit | The Express Tribune
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[ad_1] ISLAMABAD: Amid criticism over paying trillions of rupees to the Independent Power Producers (IPPs) and protest by Jammat-e-Islami, the National Electric Power Regulatory Authority (Nepra) on Thursday made another increase in electricity rates by up to Rs2.5627 per unit that would be recovered from consumers in electricity bills of August. The power regulator has…
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Pakistan, Turkiye vow to expand trade | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Turkiye reaffirmed their commitment to enhancing bilateral relations and increasing trade volume during a meeting on Thursday between Turkish Trade Minister Prof Dr Omer Bolat and Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The meeting was marked by a discussion on the enduring brotherly relationship between the two nations…
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Govt jacks up power tariff by Rs2.56 per unit in June FCA
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[ad_1] A technician fixes new electricity meters at a residential building in Karachi, Pakistan, on May 13, 2010. — AFP ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday notified a hike in power tariff by Rs2.56 per unit under fuel cost adjustment (FCA) related to the month of June and would be collected…
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Reforms to end reliance on IPPs | The Express Tribune
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[ad_1] ISLAMABAD: The energy ministry had embarked upon major reforms, including operationalisation of an energy exchange, which would allow the power plants to sell electricity to the buyer, Energy Minister Awais Leghari said on Wednesday. Leghari told the Senate Standing Committee on Energy that the ministry was currently facing problems related to high electricity prices.…
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Rupee drops for third consecutive day | The Express Tribune
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[ad_1] KARACHI: Pakistani currency dropped Rs0.05 and closed at Rs278.73 against the US dollar in the inter-bank market on Wednesday, maintaining its losing streak for the third consecutive day amid conflicting reports about the resumption of smuggling of foreign currencies from Pakistan to neighbouring countries. According to the State Bank of Pakistan (SBP) data, the…
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Industrialists call for urgent reforms to rescue Pakistan Post | The Express Tribune
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[ad_1] KARACHI: Industrialists have urged the revitalisation of the Pakistan Post Office, stressing that with useful reforms, the institution could become profitable again. They stated that the Post Office is currently facing severe challenges due to prolonged neglect, mismanagement, and corruption. Despite offering essential services such as communication, remittances, and postal deliveries, the department is…
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Greater access to US markets sought | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Industries, Production, and National Food Security Rana Tanveer Hussain on Wednesday underscored the necessity of granting new Pakistani agricultural products access to the American market. During a meeting with United States Ambassador to Pakistan Donald Blome, Hussain expressed his appreciation for the ongoing US cooperation, particularly highlighting the Research and…
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Rashid Mahmood Langrial appointed FBR chief
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[ad_1] Rashid Mahmood Langrial of the Pakistan Administrative Services (PAS). — Govt website of the Power Division Rashid Mahmood Langrial of the Pakistan Administrative Services (PAS) has been appointed to head the Federal Board of Revenue (FBR) after the federal cabinet approved his name for the top position in the tax-collecting authority, Geo News reported,…
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Google antitrust ruling may pose $20 billion risk for Apple
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[ad_1] A women uses an iPhone mobile device as she passes a lighted Apple logo at the Apple store at Grand Central Terminal in New York City, US, April 14, 2023. — Reuters Apple’s lucrative deal with Google, could be under threat after a US judge ruled that the Alphabet-owned search giant was operating an…
