Business News
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Navigating compliance in wheat imports | The Express Tribune
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[ad_1] ISLAMABAD: Wheat import, along with other agricultural commodities, falls under the regulation of the Sanitary and Phyto-Sanitary (SPS) measures. The SPS Agreement, an international treaty under the World Trade Organisation (WTO), explicitly acknowledges governments’ authority to safeguard human, animal, and plant health based on scientific principles. These measures primarily focus on quarantine and biosecurity…
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Industries demand full restoration of power supply | The Express Tribune
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[ad_1] KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh and SITE Association of Industry (SAI) President Mohammad Kamran Arbi have urged K-Electric (KE) to immediately ensure proper and full restoration of electricity supply to the biggest industrial zone in Karachi. Expressing concern over delay in resuming power supply to SITE industries,…
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Minister invites hi-tech investment in CPEC-II | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal visited Chengdu city in Sichuan, China, and had a comprehensive tour of the Chengdu High Tech Development Zone (CDHT). According to a press release issued by the Planning Commission on Saturday, the minister also met with Chengdu-based entrepreneurs, businessmen interested in becoming part…
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Elon Musk’s Tesla recalls over 125,000 vehicles amid increased injury risk
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[ad_1] Tesla once again recalls hundreds of vehicles to address malfunction. — Reuters/File Elon Musk’s Tesla is recalling 125,227 vehicles in the United States as a result of a malfunction in its seat belt warning system, the National Highway Traffic Safety Administration announced on Friday, CNN reported. According to the NHTSA, the vehicles failed to…
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Pakistan, Kuwait to sign loan agreement of $25 million
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[ad_1] Representational image of workers at dam construction site. — Reuters Pakistan and Kuwait have decided to sign a loan agreement worth $25 million in the 5th session of the Pakistan-Kuwait Joint Ministerial Commission (JMC) convened in Kuwait. The key outcomes of the session included the agreement to sign a loan agreement for $25 million…
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Short-term inflation reverses trend with 0.11% spike | The Express Tribune
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[ad_1] KARACHI: The short-term inflation gauge, called the Sensitive Price Indicator (SPI), resumed its uptrend as it rose 0.11% in the week ended May 30, 2024, driven by the hike in food prices. With the fresh SPI reading, a six-week falling streak has come to an end, according to the Pakistan Bureau of Statistics (PBS).…
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Experts call for EV policy overhaul | The Express Tribune
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[ad_1] KARACHI: Auto experts believe electric cars could become far more accessible to customers if the government addressed key policy issues. They call for a revision of policy classifications, offering incentives to all electric vehicles (EVs), removing obstacles in EV financing, and reducing heavy taxes, which currently constitute over 50% of the car prices, making…
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Pakistan, Kuwait to sign $25m loan agreement | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Kuwait signed a loan agreement worth $25 million during the 5th session of the Pakistan-Kuwait Joint Ministerial Commission (JMC) in Kuwait. This session, held from May 28 to May 30, 2024, marked significant progress in strengthening bilateral ties. The agreement for the loan, intended for the Mohmand Dam, will be signed…
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Govt reduces petrol price by Rs4.74 per litre
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[ad_1] Employees at a fuel station attend to their customers in Islamabad, Pakistan, on February 16, 2022. — AFP/File ISLAMABAD: The price of petrol has been reduced further by Rs4.74 per litre, the Finance Division said on Friday, making it the third successive fortnightly review drop. The new petrol price stands at Rs268.36 per litre. Meantime,…
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One Million Prompters: Dubai’s Sheikh Hamdan unveils AI literacy initiative
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[ad_1] Crown Prince Sheikh Hamdan launches drive to transform Dubai into ‘world’s best city’. — The National News/File The Crown Prince of Dubai, Sheikh Hamdan bin Mohammad bin Rashid Al Maktoum, has unveiled the “One Million Prompters” initiative, which aims to train one million people in prompt engineering in the next three years. While announcing the…
