Business News
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80% sick units paralyse key sectors | The Express Tribune
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[ad_1] KARACHI: The toll from over 80% of sick units has significantly impacted all key sectors nationwide. The escalating closures of these units have left millions of skilled and semi-skilled workers, along with professionals, jobless due to the high costs of doing business, including steep gas and electricity tariffs. The proliferation of sick units has…
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FinMin doubles down on privatisation, links it with economic stability
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[ad_1] Finance Minister Muhammad Aurangzeb speaking at the Pre-Budget Conference 2024-25 in Lahore on May 12, 2024. — Screengrab/YouTube Hum/News Live Finance Minister Muhammad Aurangzeb Sunday stressed the significance on the need to move towards privatisation linking it with the country’s economic stability. Speaking at the Pre-Budget Conference 2024-25 in Lahore, the finance minister said: “You…
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BRICS joining hands with North Korea to fight against US dollar dominance?
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[ad_1] Kim Jong Un planning to move away from self-containment?. — Business Forward/File North Korea expressed interest in joining the BRICS bloc, redefining its decision to remain geopolitically isolated, Coin Tribune reported. The East Asian country, which is often seen as a pariah at the international stage, has been slowly moving away from its self-containment…
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IMF mission chief to lead bailout talks with Pakistan next week
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[ad_1] IMF’s Resident Representative for Pakistan Esther Perez Ruiz. — Reporter ISLAMABAD: A senior official of the International Monetary Fund’s (IMF) Sunday confirmed that a team of the Washington-based lender will reach Pakistan next week to hold talks with Islamabad over bailout package. As per IMF’s Resident Representative for Pakistan Esther Perez Ruiz, a team led…
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Experts push for specialised farming | The Express Tribune
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[ad_1] KARACHI: Livestock experts have called for specialised farming for animals, including goats, sheep, lambs, and cows, aimed at promoting the export of live animals and meat, as the country possesses excellent potential. They stressed the need for promoting all three types of animal farming: range farming, intensive farming, and semi-intensive farming, as well as…
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Iraq’s oil and gas attracts Chinese firms | The Express Tribune
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[ad_1] BAGHDAD: Iraq was holding an oil and gas licensing round for 29 projects on Saturday in a bid to develop its huge gas reservoirs to help power the country and lure billions of dollars in investments. The exploration blocks are spread across 12 governorates in central, southern and western Iraq and for the first…
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Douyin Pak Pavilion launches in Shanghai | The Express Tribune
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[ad_1] BEIJING: With the strong support of the Shanghai Municipal Commission of Commerce, Douyin Pakistan Merchandise Official Pavillon held a grand opening ceremony in Shanghai, China. The event marks the beginning of a new cooperation journey between Douyin and its partners, such as the Shanghai Live Stream E-commerce Alliance, Shanghai Silk Road Selection Alliance, and…
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Profitable SOEs should also be considered for privatisation
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[ad_1] Deputy PM and Foreign Minister Senator Ishaq Dar chairs the meeting of Cabinet Committee on Privatisation on May 10, 2024. — PID ISLAMABAD: Taking the latest move to declare 24 state-owned enterprises (SOEs) fit for privatisation, the federal government has sought recommendations for the denationalisation of profitable entities as well, except for those institutions…
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Profitable SOEs erased from sell-off list | The Express Tribune
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[ad_1] ISLAMABAD: Deputy Prime Minister Ishaq Dar on Friday gave directives to remove seven profitable companies, placed at the disposal of Pakistan Sovereign Wealth Fund, from the privatisation plan but included Roosevelt Hotel, New York in the active privatisation list. Dar in his capacity as chairman of the Cabinet Committee on Privatisation (CCOP) did not…
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Fly Jinnah starts flights to Muscat | The Express Tribune
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[ad_1] KARACHI: Pakistan’s cheapest airline Fly Jinnah on Friday started its non-stop flight between the Islamabad International Airport and the Muscat International Airport. Some 172 passengers departed through Fly Jinnah’s first flight to Oman. Upon arrival at the Muscat Airport, the flight was greeted with the traditional aviation water cannon salute. Every week two flights…
