Business News
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Urban planning for cars in capital | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad, once known as a city of parks and gardens, is rapidly becoming a city of cars and SUVs. It is a great place to live in – if you are a car. Thanks to Doxiadis Associates, the…
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Bigger lies in statistics | The Express Tribune
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[ad_1] ISLAMABAD: One of the statistical jokes says that if your one foot is on fire and the other on ice, you should feel comfortable on average, and that is what an average Pakistani is supposed to feel if we…
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Foreign debt to ‘jump to $103b’ by end of next fiscal | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund has revealed that Pakistan owes $18.4 billion or one-fifth of its external public debt to China, which is not only $4 billion higher than the officially reported figures but is also the highest lending…
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Third LNG facility to become functional in 2023 | The Express Tribune
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[ad_1] ISLAMABAD: At present, two liquefied natural gas (LNG) terminals are operating in the country to meet the ever-growing energy needs of consumers and the third facility will be functional by next year, Federal Minister for Energy Hammad Azhar has…
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Former Bundesbank chief appointed to head IMF expert panel
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[ad_1] German Bundesbank President Jens Weidmann, wearing a protective face masks, attends the weekly cabinet meeting at the Chancellery in Berlin on June 23, 2021. — AFP/File WASHINGTON: The International Monetary Fund has appointed former Bundesbank President Jens Weidmann to…
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Pakistan to get $3b from IMF in next 7 months | The Express Tribune
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[ad_1] KARACHI: Pakistan is scheduled to receive the remaining $3 billion under the International Monetary Fund’s (IMF) $6 billion loan programme over the next seven months, which will help stabilise its foreign exchange reserves and strengthen the rupee. The IMF…
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Inflation takes toll on kinnow processing | The Express Tribune
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[ad_1] KARACHI: The mounting cost of doing business coupled with supply-side disruptions amid Covid-19 pandemic has taken a toll on the kinnow processing industry of Pakistan. Around 100 kinnow processing factories shut down in Sargodha district alone, after experiencing drastic…
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Crisis looms as wheat sowing shrinks in Punjab | The Express Tribune
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[ad_1] ISLAMABAD: A wheat crisis is still looming in the country as cultivation of the staple crop has dropped in Punjab, setting off alarm bells. Chairman of the National Price Monitoring Committee (NPMC) has expressed concern over the decline in…
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Biggest tax scam surfaces in FBR | The Express Tribune
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[ad_1] ISLAMABAD: A new tax scam has surfaced in the Federal Board of Revenue (FBR) where tax authorities illegally paid over Rs16 billion in sales tax refunds to hundreds of big retailers in the past five months. According to government…
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Amazon exploring offer for bike maker | The Express Tribune
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[ad_1] WASHINGTON: Peloton Interactive has drawn interest from potential buyers including e-commerce giant Amazon.com, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading…
