Business News
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SAAF scheme to enhance access to finance for SMEs | The Express Tribune
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[ad_1] LAHORE: Firms should avail low cost housing scheme loans for the construction of five to 10 marla houses for their employees, said State Bank of Pakistan Governor Dr Reza Baqir. Speaking to the Lahore Chamber of Commerce and Industry (LCCI) President Mian Nauman Kabir on Friday, he added that the risk of these loans…
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85 Sindh villages to get gas supply | The Express Tribune
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[ad_1] ISLAMABAD: In a bid to avoid contempt of court, the federal government on Friday approved Rs747.5 million in supplementary grant in an emergency meeting to provide gas connections for 85 villages in Sindh. Finance Minister Shaukat Tarin chaired the Economic Coordination Committee (ECC) meeting through video link and approved the Ministry of Energy’s summary…
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Sri Lanka to start talks with IMF on debt restructuring | The Express Tribune
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[ad_1] COLOMBO: Sri Lanka will begin talks with the International Monetary Fund (IMF) next month on a plan to help the crisis-hit country, including assistance with debt restructuring and managing its foreign exchange shortage, three sources said on Friday. Sri Lanka is facing its worst financial crisis in years. With foreign exchange reserves standing at…
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Global financial conditions at tightest since May 2009 | The Express Tribune
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[ad_1] WASHINGTON: Global financial conditions have reached their tightest since May 2009, according to a widely watched Goldman Sachs index, a possible sign of a world economic slowdown. Financial conditions reflect the availability of funding in an economy and, perceived as strongly correlated with future growth, are watched closely by central bankers. How loose or…
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Govt looks to lift soybean output | The Express Tribune
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[ad_1] ISLAMABAD: Keeping in view the high prices of soybean and palm oil in the global market, the government has decided to offer incentives to growers in the upcoming budget to increasing the domestic farming of the two commodities. Sources told The Express Tribune that Finance Minister Shaukat Tarin had directed the Ministry of National…
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Market watch: Political pressure takes toll on PSX | The Express Tribune
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[ad_1] KARACHI: The intensifying political heat in the country took a toll on the Pakistan Stock Exchange on Friday as the benchmark KSE-100 index dipped 200 points during a tumultuous session. While first half of the session saw the index trade in a narrow range, selling pressure was evident in the second half, which dragged…
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Consumers face Rs0.95 power tariff hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) decided on Thursday to increase power tariff by up to Rs0.95 per unit for domestic consumers in a bid to cut subsidies under the Re-Targeting Power Sector Subsidies-Phase Il. Under the Re-Targeting Power Sector Subsidies-phase 1, Nepra had allowed the federal government to increase electricity tariff…
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Incentives sought for SMEs | The Express Tribune
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[ad_1] ISLAMABAD: Small and medium enterprises (SMEs) are dubbed as an engine of economic growth all over the world and advancing soft loans to this vital sector always contributes significantly to the improvement of economy of a country, said Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq. Speaking to a delegation of women…
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Rupee stays unchanged vs dollar | The Express Tribune
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[ad_1] KARACHI: The rupee stayed unchanged against the US dollar at Rs178.63 in the inter-bank market on Thursday compared with Wednesday’s close of Rs178.63, according to the State Bank of Pakistan (SBP). It is an all-time low for the rupee as demand for the dollar stood higher compared to its supply in the wake of…
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DG LNG resigns, citing unfavourable environment | The Express Tribune
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[ad_1] ISLAMABAD: The director general of Petroleum Division (liquefied natural gas/ liquefied petroleum gas) has tendered resignation from service on account of alleged “non-conducive work environment”. According to details, DG (LNG/ LPG) Nawaz Ahmad Virk submitted resignation from service on March 7, 2022 and forwarded a copy of his resignation to the petroleum secretary, Establishment…
