Business News
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Oil, gas exploration sector announces $5 billion investment in Pakistan
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[ad_1] A general view of oil drilling equipment on federal land near Fellows, California, U.S., April 15, 2023. — Reuters ISLAMABAD: Reposing full trust in Prime Minister Shehbaz Sharif-led government’s pro-investor policies, a group of Oil and gas exploration and…
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Pakistan’s agriculture exports reach record $8 billion | The Express Tribune
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[ad_1] Pakistan has achieved a significant milestone in agricultural sector with agro-exports reaching an unprecedented 8 billion US dollars mark for the first time in previous fiscal year from July 2023 to June 2024, Pakistani Commerce Minister Jam Kamal Khan…
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Petroleum dealers end strike as govt ‘accepts’ demands
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[ad_1] Motorcyclists waiting for their turn to fill fuel in their bikes at a petrol pump on May 16, 2024. —APP In a major development, Pakistan Petroleum Dealers Association (PPDA) late Friday night called off their strike after successful negotiation…
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Karachiites spared govt’s latest ‘electric shock’
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[ad_1] KE employees working in Karachi, on January 25, 2023. — APP The National Electric Power Regulatory Authority (Nepra) on Friday notified a hike of Rs3.3287 per unit in the electricity price for the month of May 2024, on account…
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Govt debt soars to Rs67.8tr in May | The Express Tribune
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[ad_1] ISLAMABAD: Despite a stable rupee, the federal government’s debt rose sharply to Rs67.8 trillion in May, marking one of the most rapid increases in any month, with an average of Rs56 billion per day added to the debt pile….
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Govt holds telecom projects’ funds | The Express Tribune
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[ad_1] ISLAMABAD: As the federal government holds back around Rs60 billion collected from telecom operators for the Universal Service Fund (USF), the delay in release of funds has put at stake telecom development projects in unserved, underserved, rural and remote…
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Petroleum dealers strike call triggers panic buying | The Express Tribune
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[ad_1] KARACHI: Financially-stressed commuters rushed to petrol pumps across the country and formed long queues on Thursday in an attempt to get their vehicle-tanks refilled ahead of a daylong shutter-down strike called by fuel stations for Friday (today). The strike…
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Power consumers in for another shock | The Express Tribune
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[ad_1] ISLAMABAD: Power consumers may face a significant Rs5.72 per unit—or 19.2%—increase in electricity base tariff as the federal government has requested the National Electric Power Regulatory Authority (NEPRA) to implement a uniform tariff for consumers of distribution companies (DISCOs)…
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Ministry defies PM’s orders on SOEs | The Express Tribune
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[ad_1] ISLAMABAD: In direct violation of Prime Minister Shehbaz Sharif’s orders to ensure maximum transparency in privatisation matters, the Ministry of Finance on Thursday withheld information about the privatisation status of 45 state-owned entities. Four different ministries sought the Cabinet…
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Petroleum dealers to shut pumps nationwide on Friday | The Express Tribune
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[ad_1] Pakistan Petroleum Dealers Association (PPDA) has announced a nationwide strike on Friday, July 5, closing 13,000 petrol pumps in protest against the advance turnover tax. Banners have been displayed across the country to inform the public of the closure….
