Express
-
Pakistan to face highest inflation | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan’s economy stands out as an outlier in Asia, according to a new report that predicts the country will have the highest inflation rate but the fourth lowest economic growth rate among all 46 economies in the region. The Asia Development Outlook, the flagship publication of the Asian Development Bank (ADB), has slightly…
-
Adherence to economic adjustment programme crucial: ABD | The Express Tribune
.
[ad_1] The Asian Development Bank (ADB) in its latest report presents a bleak outlook for Pakistan’s economy and cautions that staying the course on an economic adjustment programme till April 2024 would be critical in restoring stability and gradual recovery of growth. The Asian Development Outlook September 2023, published on Wednesday, noted that Pakistan witnessed a…
-
$4.5b external financing shortfall may rankle IMF | The Express Tribune
.
[ad_1] ISLAMABAD: A nearly $4.5 billion hole has surfaced in Pakistan’s external financing plan and its budget may also overshoot by another Rs1 trillion due to the understatement of debt expenditures, which may become a serious issue during the first review of the International Monetary Fund programme. Both the problems of about a $4.5 billion…
-
OGDC makes gas discovery in Punjab | The Express Tribune
.
[ad_1] ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the sole operator of Mari East Block, has announced a major gas discovery at the Chak 214-1 exploratory well, situated in the Rahim Yar Khan district of Punjab. The Chak 214-1 well, part of OGDCL’s proactive exploration efforts, was drilled on June 29, 2023, utilising the…
-
Rupee surges Rs1.04 against US dollar as recovery continues | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistani rupee on Tuesday witnessed the 11th consecutive recovery session as it gained Rs1.04 against the US dollar in the interbank trading and closed at Rs 294.90 against the previous day’s closing of Rs 295.94. The recovery of the Pakistani rupee comes on the back of strong support from administrative measures like a…
-
Anti-smuggling drive lifts rupee further | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency continued to strengthen for the ninth consecutive working day on Monday, on the back of strong support from administrative measures like a crackdown on currency smugglers and hoarders, which increased supply of foreign currencies in the banking system. According to the State Bank of Pakistan’s (SBP) data, the currency hit a…
-
SIFC expectations and reality check | The Express Tribune
.
[ad_1] ISLAMABAD: Economic rationale and global investment analysis suggest that attracting investment hinges on fulfilling three key prerequisites. Firstly, potential investors scrutinise a country’s business environment to understand its functioning, registration processes, facilitation mechanisms, bureaucratic attitude and governance system. Secondly, investors seek policy continuity and implementation stability, avoiding places where policies frequently change. Lastly, security…
-
$100b investment: pivotal essentials | The Express Tribune
.
[ad_1] We are hearing a lot nowadays about the potential investment of $100 billion in Pakistan. A dedicated parliamentary act was instituted on August 4, 2023 vide which the Special Investment Facilitation Council (SIFC) has also been constituted. Although investment proposals are yet to become public in addition to details of the associated execution framework,…
-
Water: The liquid lifeline facing climate crisis | The Express Tribune
.
[ad_1] ISLAMABAD: Water has three forms: liquid, solid, and vapour, and it changes its form with temperature. The Earth’s surface possesses about 75% of liquid water and ice. As water constantly moves between the atmosphere, land, and ocean, it impacts climate and ecosystems. Water can absorb heat and exchange it among different parts of the…
-
PIA flight operations returning to ‘normal’ | The Express Tribune
.
[ad_1] LAHORE/ ISLAMABAD: The Pakistan International Airlines (PIA) flights began returning to normal on Saturday as their engines roared to life following delays and suspensions caused by a shortage of funds and failure to pay Pakistan State Oil (PSO) for fuel supply. Inside sources said that PIA operations are gradually returning to normal after receiving…
