Business News
-
Work on KPT track may begin soon | The Express Tribune
.
[ad_1] ISLAMABAD: The government is set to build a dedicated double-track corridor from Karachi Port to a new rail-to-logistics terminal in Pipri Marshalling Yard to tackle port congestion. Sources told The Express Tribune that around 10,000 containers were parked at Karachi Port, which was a cause of severe congestion. The matter was referred to the…
-
Second phase of CPEC to bring investment worth billions of dollars in Pakistan: SAPM Mansoor
.
[ad_1] Special Assistant to the Prime Minister on CPEC Affairs Khalid Mansoor addresses a press conference in Islamabad. Photo: PID ISLAMABAD: Special Assistant to the Prime Minister on CPEC Affairs Khalid Mansoor has said that most of the Chinese firms expressed their deep interest in investing in Pakistan during Prime Minister Imran Khan’s recent two-day…
-
SC defines terms for conviction over default on payment | The Express Tribune
.
[ad_1] ISLAMABAD: The Supreme Court has ruled that indefinite confinement over default on payments is in violation of articles 9, 10 and 14 of the Constitution. In his seven-page judgment on a case pertaining to eight-year imprisonment of a person over default, Justice Aminuddin Khan said that the “law does not call for indefinite incarceration…
-
Market watch: Selling pressure pulls stocks down | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Stock Exchange endured a range-bound session on Monday, as sceptical investors once again adopted a wait-and-watch approach and kept trading activity thin amid an unsatisfactory economic outlook and uncertainties. Volatility persisted at the bourse, as the benchmark KSE-100 index after surging past the 46,000-point mark during the day failed to keep…
-
Toshiba unveils new plan to split into two companies
.
[ad_1] A representational image of Toshiba. — AFP/File TOKYO: Japan’s Toshiba on Monday announced plans to split into two companies, revising a controversial proposal to divide into three following a tumultuous period for the storied industrial conglomerate. The group said it plans to spin off its device segment, including its semiconductor business, in a bid…
-
‘Pakistan aims to set up semiconductors zone with China’s help’ | The Express Tribune
.
[ad_1] BEIJING: Pakistan has proposed an ambitious plan to build the semiconductors zone with the help of China, converting the country to self-sufficiency in modern gadgets and opening new avenues for development. This was stated by Federal Minister for Information and Broadcasting, Fawad Chaudhry in an interview. He said during the visit of Prime Minister…
-
Oil falls on positive signals from US-Iran talks | The Express Tribune
.
[ad_1] LONDON: Oil prices fell on Monday as signs of a progress in the US-Iran nuclear talks that could lead to removal of US sanctions on Iranian oil sales offset concerns about the tight supplies. Brent crude was down $0.31, or 0.3%, at $92.96 by 1153 GMT, after earlier touching $94, its highest level since…
-
Dealing with rising oil prices | The Express Tribune
.
[ad_1] ISLAMABAD: There is no increase in petroleum prices this time around, although crude oil prices have reached $90 per barrel. The government has done away with GST on petroleum altogether and has maintained some petroleum development levy (PDL), which has made the status quo in prices possible. The government will suffer a loss of…
-
Embedding ESG into any business | The Express Tribune
.
[ad_1] ISLAMABAD: As an environmental, social and governance (ESG) entrepreneur, I often get asked questions like “I own a software company, I do not need to worry about ESG right?” To that, my response is “yes, if you are not factoring in the 10 international business trips you take a year, generating more than 20…
-
Demand for housing and demographics | The Express Tribune
.
[ad_1] NORTHAMPTON: Demographics play an important role in influencing house prices. Seminal research on US house prices by N Gregory Mankiw and David N Weil in 1989 showed that the quantity of housing demanded exhibits a sharp jump between the ages of 20 and 30, as a large proportion of households becomes owner-occupiers, which flattens…
