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Russia flags further interest rate cut | The Express Tribune
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[ad_1] MOSCOW: Russia on Monday flagged a likely further cut in interest rates and more budget spending to help the economy adapt to biting western sanctions as it heads for its deepest contraction since 1994. Russia faces soaring inflation and…
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Industry appeals to leadership for cut in energy tariff | The Express Tribune
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[ad_1] KARACHI: Businessmen have appealed the newly elected Prime Minister Shahbaz Sharif to reduce electricity tariffs in a bid to aid the industrial sector. “The unnecessary increase in electricity tariffs by the previous government has directly affected the industries,” said…
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War to cut Ukraine’s GDP by over 45% in 2022 | The Express Tribune
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[ad_1] WASHINGTON: Ukraine’s economic output will likely contract by a staggering 45.1% this year as Russia’s invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large swaths of the country, the World Bank said on Sunday. The…
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Yarn makers demand cut in taxes, duties | The Express Tribune
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[ad_1] KARACHI: The yarn manufacturers have urged government to reduce the customs duty imposed on polyester preoriented yarn (POY). In a statement on Monday, the Pakistan Yarn Merchants Association (PYMA) demanded the government to cut the customs duty, sales 5ax,…
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Oil price cut to eat up Rs28 billion | The Express Tribune
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[ad_1] ISLAMABAD: The government is going to pay a heavy sum of Rs28 billion to keep petroleum product prices at current levels for a fortnight amid swelling global crude oil prices because of the ongoing Russia-Ukraine conflict. Earlier, Prime Minister…
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Market mixed over cut in fuel, energy prices | The Express Tribune
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[ad_1] KARACHI: Businessmen and industrialists have welcomed Prime Minister Imran Khan’s announcement of lowering down petroleum prices and power tariff and maintaining them at that level (revised) over the next four months. They, however, cautioned that the decision to cut…
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K-Electric tariff cut by Rs2.6 per unit | The Express Tribune
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[ad_1] ISLAMABAD: The power sector regulator on Thursday slashed the tariff of K-Electric by Rs2.60 per unit on account of fuel cost adjustment for December 2021. The National Electric Power Regulatory Authority (Nepra) announced the tariff reduction following a public…
