Business News
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IMF to discuss $7 billion bailout for Pakistan in August | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) Executive Board is expected to convene in mid-August to discuss the $7 billion bailout package for Pakistan. A staff-level agreement between Pakistan and the IMF was reached on July 12. Sources inside the Ministry…
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IMF identifies ‘loopholes’ in Pakistan’s failure to boost exports | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) has pinpointed several loopholes in Pakistan’s export strategy, attributing them to the country’s inability to boost its exports, according to media reports. In a report submitted to the Pakistani government, the IMF highlighted significant…
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Govt to decide on deregulation of petroleum products in crucial meeting today | The Express Tribune
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[ad_1] Listen to article A meeting is set to take place today regarding the potential delegation of fuel price-setting authority to oil marketing companies (OMCs), sources within the Petroleum Ministry confirmed. Petroleum Minister Musadik Malik will preside over the meeting, which will…
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Govt plans to pull out of fuel pricing process, giving OMCs free hand
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[ad_1] A view petrol pump empty in Islamabad. — Online/File ISLAMABAD: Aiming to put an end to its intervention in the fuel pricing process, the federal government is set to transfer this responsibility to oil marketing companies (OMCs), sources said…
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Govt unable to appoint KE director | The Express Tribune
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[ad_1] ISLAMABAD: The litigation between shareholders of K-Electric (KE) has created hurdles as the federal government has not been able to appoint new directors on the company board. At a recent high-level meeting, chaired by Prime Minister Shehbaz Sharif, the…
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US eases military export rules to strengthen AUKUS alliance: officials | The Express Tribune
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[ad_1] The United States has announced a significant policy change to reduce restrictions on transferring military gear and technology with Britain and Australia. This move is set to strengthen the AUKUS security alliance formed in 2021 to counter China’s growing…
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PM moves to deregulate petroleum prices | The Express Tribune
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[ad_1] The federal government has decided to transfer the authority to set petroleum prices from the state to oil marketing companies, sources revealed on Wednesday. Insiders said that Prime Minister Shehbaz Sharif has instructed the cessation of the government’s role…
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Asian markets lack direction as disappointing US tech earnings impact stocks; yen strengthens | The Express Tribune
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[ad_1] Asian stocks were subdued on Wednesday after lacklustre earnings from US tech behemoths Tesla and Alphabet dented sentiment, while the yen hit a six-week high ahead of a central bank meeting next week where a rate hike remains on the…
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SRB allows top Karachi restaurants to collect 15% service tax instead of 8%
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[ad_1] Representational image of a diner making a POS payment at an eatery. —Unsplash KARACHI: The Sindh Revenue Board (SRB) has authorised 58 restaurants and hotels in Karachi to collect a 15% service tax on digital payments, nearly double the…
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GM slams brakes on self-driving vehicle without steering wheel | The Express Tribune
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[ad_1] General Motors’ Cruise self-driving unit will focus its development efforts on a next-generation Chevrolet Bolt as it indefinitely delays its planned Origin vehicle that would not have a steering wheel, the automaker said on Tuesday. In 2022, GM filed…
