Business News
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Mian Mansha chairs British Asian Trust panel | The Express Tribune
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[ad_1] The British Asia Trust has appointed Mian Muhammad Mansha, a leading businessman of the country, as the chair its advisory council in Pakistan. The trust has also appointed Amin Mohammad Lakhani (managing director at Lakson Group), Sayed Zulfikar Bukhari (National Tourism Coordination Board chairman) and Tariq Rangoonwala (chairman of the Board, Rangoonwala Group of Companies, Pakistan) as members of the…
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Inflation skyrockets to two-year high | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate steeply rose to 13% in January – the highest level in two years – due to a surge in prices of food, housing and transport, as the country also starts to embrace the worst impact of the inflationary mini-budget. The Pakistan Bureau of Statistics (PBS) on Tuesday reported that the…
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Inflation skyrockets to two-year high level | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate steeply rose to 13% in January – the highest level in two years – due to a surge in prices of food, housing and transport, as the country also starts to embrace the worst impact of the inflationary mini-budget. The Pakistan Bureau of Statistics (PBS) on Tuesday reported that the…
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‘Use of suction pumps major cause of gas scarcity’ | The Express Tribune
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[ad_1] KARACHI: Increase in exports and reduction of trade deficit is an important component of the present government’s strategy, said Sindh Governor Imran Ismail. Presiding over a meeting of Sindh Industrial Liaison Committee (SILC) at the Governor House on Tuesday, he discussed the issues being faced by industrial areas of Karachi, particularly the suspension of…
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Report praises liquidity flow during pandemic | The Express Tribune
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[ad_1] LAHORE: It is no surprise that the Pakistan Bureau of Statistics has revised fiscal year 2020- 21’s real GDP growth rate to 5.57% following receipt of updated economic data, stated a research report. A fact sheet, issued by the Institute for Policy Reforms (IPR) on Tuesday, noted that the government took positive action by…
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NEPRA takes notice of unscheduled outages | The Express Tribune
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[ad_1] ISLAMABAD: Taking notice of unscheduled load-shedding across the country, the National Electric Power Regulatory Authority (Nepra) has directed distribution companies (DISCOs) to avoid this practice as it is in clear violation of Nepra laws. The regulator has taken notice of consumer complaints regarding aggregate, technical and commercial (AT&C) based load-shedding in the country, according…
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Power tariff likely to go up by Rs3.1 | The Express Tribune
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[ad_1] ISLAMABAD: The power consumers of Pakistan are likely to face another hike in electricity tariff of up to Rs3.10 per unit on account of fuel charges adjustment (FCA) for the month of December 2021. Conducting a public hearing on Central Power Purchasing Agency (CPPA-G) petition on Tuesday, the National Electric Power Regulatory Authority (Nepra)…
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PM’s China trip to draw investment in power sector | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan’s upcoming visit to China is likely to help enhance investment in the power sector, revive Pakistan Steel Mills (PSM) and accelerate the relocation of industries to the Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC). The primary aim of the visit is to seek $3 billion in…
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Reversal of tax on EVs, solar panels demanded | The Express Tribune
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[ad_1] KARACHI: Stakeholders of the renewable energy sector have urged the government to withdraw the general sales tax on electric vehicles (EVs) and solar panels. They have also asked the International Monetary Fund (IMF) to play a responsible part in developing socially just and environment-friendly financing solutions for Pakistan. The Alliance for Climate Justice and…
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Oil sales surge 20% to 1.8m tons in January 2022 | The Express Tribune
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[ad_1] KARACHI: The demand for petroleum oil products remained robust despite the uptrend in prices, as wheat harvesting, power generation through oil-fired plants and building of domestic reserves in anticipation of a further hike in international prices generated strong demand in January. Besides, healthy industrial activities and growing car numbers on roads also contributed to…
