Business News
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PIA to achieve break-even in 2025 | The Express Tribune
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[ad_1] ISLAMABAD: A foreign consultant on Tuesday presented a fiveyear business plan to the government for the revival of Pakistan International Airlines (PIA) and recommended the addition of 20 aircraft to the fleet and administrative and financial overhaul to turn around the airline by 2026. IATA Consulting gave a synopsis of the business plan to…
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Market watch: Stocks rally as investor optimism grows | The Express Tribune
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[ad_1] KARACHI: Bulls continued to dominate trading at the Pakistan Stock Exchange on Tuesday, as the benchmark KSE-100 index recorded significant gains for the second consecutive session, rising 300 points. The index managed to stay in the green zone throughout the day. A host of positive triggers including the rise in revenue collection by the…
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Oil dips below $89, eyeing faster OPEC+ hike | The Express Tribune
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[ad_1] LONDON: Oil slipped on Tuesday, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting this week and expectations of a rise in US inventories. While the Organisation of the Petroleum Exporting Countries and allies, known as OPEC+, has been expected to maintain…
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India to tax cryptocurrencies at 30% | The Express Tribune
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[ad_1] MUMBAI: India will impose a tax of 30% on income from cryptocurrencies and other digital assets, Indian Finance Minister Nirmala Sitharaman said while presenting the federal budget on Tuesday. Aside from placing earnings from cryptocurrencies and non-fungible tokens (NFTs) in India’s highest tax band, Sitharaman also said losses from their sale could not be…
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Inflation soars to two-year high in Pakistan: PBS
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[ad_1] Photo: file ISLAMABAD: The inflation rate continued its upward trajectory for the fifth consecutive month and reached another peak of 12.96% in January, making it the highest in nearly two years, data from the Pakistan Bureau of Statistics (PBS) showed Tuesday. Pakistan had reported 14.6% inflation rate in January 2020. The Consumer Price Index…
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Rs3.12 per unit increase likely in electricity prices | The Express Tribune
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[ad_1] ISLAMABAD: Electricity rates are likely to be jacked up by Rs3.12 per unit after a request for the same by Central Power Purchasing Agency (CPPA) has been made to the National Electric Power Regulatory Authority (NEPRA). The request to approve an increase of Rs3.12 per unit in electricity prices on account of Fuel Charges…
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Carbon market surges to $851b | The Express Tribune
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[ad_1] LONDON: The value of traded global markets for carbon dioxide (CO2) permits grew by 164% to a record €760 billion ($851 billion) last year, analysts at Refinitiv said on Monday. Most of the increase came from the European Union’s Emissions Trading System (EU ETS), which was launched in 2005 and is the world’s most…
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‘Innovation in SMEs can prop up exports’ | The Express Tribune
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[ad_1] LAHORE: Digitalisation and transformation of small industries should be part of the new small and medium enterprise (SME) policy of the government, remarked Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) President Wang Zihai. Speaking at a session virtually at the PCJCCI premises on Monday, he was of the view that all sorts of…
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Sindh governor steps in to resolve gas crisis | The Express Tribune
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[ad_1] KARACHI: As industrial activities slow down in Karachi in the wake of a worsening gas crisis, Sindh Governor Imran Ismail has taken swift action to persuade businessmen to call off their planned protest. The business community in the port city had set a 48 to 72-hour deadline before staging a peaceful protest and sit-in…
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Black rice makes its way to Pakistan | The Express Tribune
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[ad_1] KARACHI: The government’s export promotion policies are bearing fruit as businessmen are looking forward to diversifying their exports and introducing new varieties of products. An ancient Chinese royal food – black rice – has made its way to Pakistan and it has the potential to fetch three times greater export revenue for the country.…
