Business News
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Pakistan, IMF reach SLA on new $7bn loan deal
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[ad_1] The International Monetary Fund’s (IMF) logo. — AFP/File WASHINGTON: In a major development, Pakistan and the International Monetary Fund (IMF) reached a three-year, $7 billion aid package deal, giving much-needed respite to the cash-strapped country, the Washington-based institution said…
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Sino-Pak cooperation to unlock mining potential | The Express Tribune
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[ad_1] China and Pakistan will soon conduct research on the geochemical anomalies identified in previous surveys in Pakistan to reach the full potential, both academically and economically, revealed Dr Sajjad Ahmed, Director General of the Geological Survey of Pakistan. He…
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Bullish streak breaks as PSX drops 467 points amid confidence woes | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) experienced a significant drop today, losing 467 points to stand at 79,524.98 during intra-day trading and marking a 0.59% decline from the previous day’s closing of 79,992.35 points. Yesterday, the PSX gained 150.80 points,…
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Finance czar hopeful of reaching deal with IMF this month
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[ad_1] Pakistani Finance Minister Muhammad Aurangzaib poses after taking oath in Islamabad, Pakistan March 11, 2024. — Reuters ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday said Pakistan would reach a reach a staff-level-agreement with the International Monetary Fund (IMF) this…
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Most of wind, solar plants being built in China | The Express Tribune
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[ad_1] BEIJING: Almost two-thirds of big wind and solar plants under construction globally are in China, where surging renewable capacity has squeezed coal’s generation share to new lows, research released on Thursday showed. China is building 339 gigawatts (GW) of…
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‘Govt committed to enhancing cotton industry’ | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Industries, Production, and National Food Security, Rana Tanveer Hussain, on Thursday reiterated the government’s commitment to promoting the cotton industry. He made this statement while addressing the meeting of the Pakistan Central Cotton Committee (PCCC)’s…
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IEA sees slow growth in oil demand | The Express Tribune
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[ad_1] LONDON: Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the International Energy Agency (IEA) said, as Chinese consumption contracted in the second quarter due to economic problems. Global…
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Provinces ‘accede’ to IMF’s demand for tax on agri income
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[ad_1] Agriculture Department officials on a tractor spray pesticides to kill locusts as a farmer works in a field in Pipli Pahar village in Punjab in this picture taken on February 23, 2020. — AFP ISLAMABAD: As Pakistan looks to…
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IMF proposes 45% tax on agriculture income | The Express Tribune
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[ad_1] ISLAMABAD: As Pakistan seeks a multibillion-dollar bailout from the International Monetary Fund (IMF) to stabilise its chronically ailing economy, the global lender has suggested imposition of a standard individual income tax rate of up to 45% on agriculture income…
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Car sales reach 18-month high, surge 120% YoY | The Express Tribune
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[ad_1] KARACHI: According to a report released by Topline Research on Wednesday, Pakistan car sales, as reported by the Pakistan Automotive Manufacturers Association (PAMA), hit an 18-month high in June 2024, recording sales of 13,300 units. This marks a 21%…
