Express
-
Managing trade deficit via three-pronged strategy | The Express Tribune
.
[ad_1] ISLAMABAD: Post-Covid, the International Monetary Fund (IMF) has become a strong proponent of fiscal austerity and has been asking for new tax measures and reducing expenditures of the state, unlike Pakistan’s Q-block which believes in an expansionary budget and controlled stimulus to boost growth. However, due to the stagnant incomes and supply-side inflation, the…
-
Russia rubbishes claims of ‘special’ oil discount | The Express Tribune
.
[ad_1] MOSCOW: Russian Energy Minister Nikolay Shulginov has confirmed that oil export to Pakistan had begun on the payment in the currency of a friendly country but stressed that there was no special discount to Islamabad, according to Russian and American media reports. Talking to the media on the sidelines of the International Economic Forum…
-
PM reviews green energy progress | The Express Tribune
.
[ad_1] LAHORE: Prime Minister Shehbaz Sharif on Saturday reviewed the process of formulation of policy regarding alternative sources of energy especially, solar energy. During a meeting chaired by him, the prime minister said the government had ensured in the budget implementation of the measures about alternative sources of energy, including the solar energy. He said…
-
Slight reduction in KE tariff notified | The Express Tribune
.
[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has notified a reduction of Rs0.05 per unit in power tariff for consumers of K-Electric (KE) on account of fuel charges adjustment (FCA) for April 2023. KE had requested an increase of Rs0.49 per unit, Nepra said in a statement. The regulator made the decision and…
-
Stockbrokers lose faith: Cancel licences at PSX | The Express Tribune
.
[ad_1] KARACHI: The stock trading industry in Pakistan is facing a gradual decline as at least eight stockbrokers have applied to cancel their licenses at the Pakistan Stock Exchange (PSX) this week. The combination of high interest rates, political drama, economic uncertainty, government mismanagement, and an aggravated economic situation has left stockbrokers disappointed. Speaking to…
-
Rupee consolidates on back of improved reserves | The Express Tribune
.
[ad_1] ISLAMABAD: The consolidating Pakistani currency on Friday ticked up 0.06%, or Rs0.18, to Rs287.19 against the US dollar in inter-bank market after the country’s foreign exchange reserves improved slightly. In open market, however, the currency dropped 0.67%, or Rs2, to Rs297 against the greenback, according to the Exchange Companies Association of Pakistan. Accordingly, the…
-
Pakistan turns to Azerbaijan for LNG | The Express Tribune
.
[ad_1] BAKU: Azerbaijan will start sending cargo containers of liquefied natural gas (LNG) to Pakistan from next month, another major achievement for Pakistan towards fulfilling its energy needs after importing the Russia crude oil. The decision was taken during a meeting between Prime Minister Shehbaz Sharif and Azerbaijan’s President Ilham Aliyev in Baku on Thursday,…
-
Dar says no to IMF diktat | The Express Tribune
.
[ad_1] ISLAMABAD: What appears to be an end of a thorny four-year relationship, Finance Minister Ishaq Dar on Thursday refused to take the International Monetary Fund’s advice on the issue of giving tax exemptions while terming its attitude “not professional”.In a strongly-worded response to the IMF’s statement about the new budget and the tax…
-
Ministers paint a gloomy economic picture | The Express Tribune
.
[ad_1] ISLAMABAD: Defence Minister Khawaja Asif on Wednesday painted a very dismal picture of the national economy, lamenting that how could a budget be prepared in the country where tax evasion topped Rs3,500 billion. Taking part in the budget debate in the National Assembly, the minister said 80% of the country’s population could not eke…
-
Pakistan’s 2024 budget a missed opportunity: IMF | The Express Tribune
.
[ad_1] ISLAMABAD’: The International Monetary Fund (IMF) on Wednesday said that the proposed budget missed the opportunity to broaden the tax base, terming the new tax amnesty scheme a “damaging precedent”. In a first official reaction to the expansionary Rs14.5 trillion budget, Esther Perez Ruiz, the resident representative of the IMF, said that the amnesty…
