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Ishaq Dar vows to tame inflation and cut interest rates | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s new finance minister Ishaq Dar said on Wednesday he will work to rein in inflation while cutting interest rates, saying the rupee was undervalued and promising a strong response to the South Asian nation’s worst economic crisis….
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Electricity supply from commercial feeders to be cut from 7-10pm across Pakistan: sources
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[ad_1] A representative image ISLAMABAD: In a major move, Power Division has decided to shut down commercial feeders from 7-10pm across the country in order to conserve energy amid soaring oil prices, it emerged Thursday. According to a Geo News…
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Elon Musk wants to cut 10% of Tesla jobs | The Express Tribune
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[ad_1] SAN FRANCISCO: Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of salaried staff at the electric carmaker, he said in emails seen by Reuters. A message sent to executives…
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Traders demand cut in duty on polyester yarn | The Express Tribune
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[ad_1] KARACHI: Traders have urged the government to reduce customs duty on the import of polyester filament yarn to facilitate the use of synthetic fibre in textile manufacturing. Acting Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Suleman…
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Ministries face steep budget cut | The Express Tribune
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[ad_1] ISLAMABAD: The cash-starved government has proposed a steep reduction in the development budget allocation for the ministries in the next fiscal year against the original spending plans for the outgoing year but has kept Rs40 billion for the parliamentarians’…
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Global mobile body seeks tax cut | The Express Tribune
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[ad_1] ISLAMABAD: The global mobile industry association, called GSMA, has proposed that the withholding tax on essential telecom services in Pakistan should be brought down from 15% to 8% in the federal budget for 2022-23 in order to improve the…
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Efforts underway to cut telecom taxes | The Express Tribune
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[ad_1] ISLAMABAD: Federal IT Minister Syed Aminul Haque has emphasised that the IT ministry is working to remove all obstacles and enhance cooperation with the telecom sector for the fulfillment of Digital Pakistan Vision including high-level efforts to reduce taxes…
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Measures to cut imports on cards | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Miftah Ismail on Saturday hinted at implementing a steep reduction in imports through a combination of regulatory duties and import controls, as the government seeks to curtail the current account deficit by around 40% to $10…
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Saudi Arabia may cut June crude prices | The Express Tribune
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[ad_1] SINGAPORE: Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records in the previous month as Covid lockdowns curbed demand in China, the world’s biggest crude importer, traders…
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PM orders cut in load shedding duration by next month | The Express Tribune
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[ad_1] LAHORE: Prime Minister Shehbaz Sharif expressed his annoyance over the prolonged load-shedding durations and directed the authorities concerned to take steps for significantly reduce the outages by the next month. According to Express News, Prime Minister Shehbaz directed for…
