Express
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CCoE poised to okay incentives for 100% diesel production | The Express Tribune
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[ad_1] ISLAMABAD: In a bold move to achieve 100% local diesel production, the Cabinet Committee on Energy (CCoE) is poised to sanction incentives to existing refineries for the establishment of upgradation plants. Prime Minister Shehbaz Sharif is slated to preside over the CCoE’s meeting on Monday to grant final approval for this transformative initiative. Sources…
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‘CPEC is a transformative force for region’ | The Express Tribune
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[ad_1] BEIJING: The Pakistan Ambassador to China, Moinul Haque, extolled the China-Pakistan Economic Corridor (CPEC) as a transformative force for Islamabad and the entire region, fostering peace, prosperity, and growth. Haque highlighted CPEC’s alignment with Pakistan’s development agenda, lauding it as an inclusive and coordinated paradigm benefitting all segments of society. Commemorating CPEC’s decade-long journey,…
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Fuel price hike adds to inflation woes | The Express Tribune
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[ad_1] ISLAMABAD: The country is witnessing a concerning surge in inflation, as indicated by the Sensitive Price Indicator (SPI), which has recorded a 1.30% increase in weekly inflation and a staggering annual surge of 29.83%. This inflationary trend comes shortly after the government raised petrol and diesel prices by nearly Rs20 per litre each, bringing…
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NEPRA’s nod sought for power hike | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has sought the nod of the National Electric Power Regulatory Authority (Nepra) to impose a surcharge of Rs1.52 per unit on the consumers of K-Electric, Karachi’s sole electricity supplier. The government wants to recover Rs24.5 billion from the consumers of K-Electric to be recovered in 12 months by imposing this…
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PSX hits six-year high, crosses 49,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market maintained a powerful rally on Thursday and crossed the threshold of 49,000 points after a gap of six years. Meanwhile, the Pakistani rupee also made a smart recovery of Rs1.55 to Rs287.83 against the US dollar in inter-bank trade before mid-day today (Thursday). At the Pakistan Stock Exchange (PSX), the…
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US investment hits decade high | The Express Tribune
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[ad_1] LAHORE: US President’s Adviser Shahid Ahmed Khan has said that the US has been a leading investor in Pakistan for the past 20 years and in the most recent fiscal year, its direct investment increased 50%, reaching the highest in over a decade. He invited a delegation from China and Pakistan to a trip…
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Another possible petroleum price hike looms over August | The Express Tribune
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[ad_1] KARACHI: Pakistan may witness another round of petroleum price hikes ranging from Rs12 to Rs22 per litre for the last 15 days of August, as global commodity prices continue to rally. Head of Research at Arif Habib Limited, Tahir Abbas, shared insights with The Express Tribune, suggesting that the government could announce a larger…
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PLL skips awarding tender to Trafigura | The Express Tribune
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[ad_1] SINGAPORE: Pakistan LNG Limited (PLL) did not award a tender to commodities trader Trafigura, which had offered bids to deliver two spot cargoes of liquefied natural gas (LNG) to the South Asian nation next year, an industry source said on Tuesday. Trafigura had offered bids of $23.47 per million British thermal units (mmBtu) for…
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Russian crude imports face constraints | The Express Tribune
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[ad_1] KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts say. The cash-strapped nation became Russia’s latest customer snapping up discounted crude that has been…
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Govt jacks up petrol prices by whopping Rs19.95 | The Express Tribune
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[ad_1] Finance Minister Ishaq Dar on Tuesday said that petroleum prices were being jacked up by a staggering Rs19.95 per litre. The minister said that the decision was made “in the national interest” as he announced that the cost of High-Speed Diesel (HSD) was being increased by Rs19.90 to dial in at Rs273.40 per litre…
