Business News
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China, Pakistan form digital education alliance | The Express Tribune
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[ad_1] BEIJING: A milestone in educational cooperation between China and Pakistan was achieved last week with the formation of the China-Pakistan Digital Education Alliance. The alliance, jointly initiated by ITMC Technology Co Ltd and UNI International, along with over 160 Chinese and Pakistani technical and vocational education and training (TVET) partners, aims to strengthen Pakistan’s…
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Budget 2024-25 wins IMF praise amid calls for more fiscal tightening | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has praised the stringent economic measures outlined in the budget, citing them as essential for economic stability, according to sources. The sources also reveal that there has been progress in the talks between Pakistan and the IMF. The Fund, they said, has welcomed the tough economic decisions in…
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Sindh approves Rs3.056 trillion budget for FY25 amid opposition unrest
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[ad_1] This photo shows the interior view of the Sindh Assembly during a session. — APP/File The Sindh Assembly has passed the provincial budget for the fiscal year 2024-25 (FY25), rejecting all proposals from opposition lawmakers, who, as a protest turned the budget session into a pandemonium. The budget, with a staggering total outlay of…
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Rupee appreciates 2.75% in FY2023-24 | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency appreciated by 2.75% (or Rs7.65) in the outgoing fiscal year 2023-24, closing at Rs278.34 against the US dollar in the inter-bank market on Friday. This marks the first appreciation after a three-year decline, ending the currency’s losing streak. However, the gains may not sustain, as the government has projected the…
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NA passes tax-heavy budget as Pakistan looks to secure new IMF deal
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[ad_1] Finance Minister Muhammad Aurangzeb addressing on the floor of the National Assembly, on June 28, 2023. — Facebook/@NationalAssemblyOfPakistan ISLAMABAD: The National Assembly on Friday passed the tax-heavy Finance Bill 2024 as the government seeks to secure the new International Monetary Fund (IMF) bailout package by fulfilling its requirements. The budget, for the fiscal year…
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National Assembly approves budget 2024-25 amidst opposition criticism | The Express Tribune
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[ad_1] ISLAMABAD: The National Assembly on Friday approved the federal budget of Rs18,877 billion for the fiscal year 2024-25 following the completion of the approval process. During the session, all opposition amendments were rejected unanimously. Prime Minister Shehbaz Sharif, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari, and Asifa Bhutto-Zardari participated in the proceedings, where the opposition…
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Pension reforms introduced to ease burden on exchequer
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[ad_1] An undated image of a cashier counting Rs500 notes. — AFP/File ISLAMABAD: The federal government has introduced pension reforms to cut financial expenditures after proposing a 15% hike in pensions of government employees in the Budget FY25 unveiled earlier this month. The fresh amendments were introduced by the federal government to cope with an…
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Petroleum prices likely to go up by Rs15 | The Express Tribune
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[ad_1] ISLAMABAD: After offering relief to consumers in the last three revisions of oil prices, the government is now likely to raise the prices of high-speed diesel (HSD) and petrol by Rs9.84 per liter and Rs7.54 per liter, respectively, for the next fortnight starting from July 1. This possible increase is attributed to fluctuations in…
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Swedish firms urged to invest in IT, telecom | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for IT and Telecommunication Shaza Fatima Khawaja on Thursday urged Swedish companies to invest in Pakistan’s information technology and telecom sector. “The government is taking steps to promote information and communication technology (ICT) as ICT growth is vital for progress,” she said while addressing the Roundtable on IT and Digitalisation…
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Boeing plans high-level briefing with European regulators following 737 MAX panel incident | The Express Tribune
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[ad_1] Boeing is planning a briefing for high-level European regulatory officials about changes to the way it makes planes, a senior company executive said, after a January mid-air panel blowout sparked a safety crisis. Boeing has been under pressure over factory controls since Jan. 5, when a door plug tore off an Alaska Airlines 737 MAX 9…
