Express
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PM in a quandary on how to sweeten bitter IMF pill | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday withheld his final approval of a set of measures that Pakistan had to take to unlock the much-needed International Monetary Fund (IMF) programme, directing authorities concerned to slightly sweeten the bitter pills…
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Rs10 tariff relief likely for K-Electric consumers | The Express Tribune
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[ad_1] ISLAMABAD: The consumers of K-Electric are set to get a tariff relief of over Rs10 per unit on account of fuel cost adjustment for December 2022. K-Electric has filed a petition requesting the National Electric Power Regulatory Authority (Nepra)…
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Pakistan energy needs may rise by 30% by 2030 | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad. The Asian Development Bank has said the energy needs of Central Asian regional countries, including Pakistan, would increase by 30% by 2030. The bank said with the exception of China, the countries under its Central Asia Regional…
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Low gas prices unfeasible: minister | The Express Tribune
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[ad_1] ISLAMABAD: State Minister for Petroleum Division Musadik Malik on Tuesday told the Senate that not increasing the gas prices was placing immense pressure on the national exchequer and its rates would be jacked up at an appropriate time.“We cannot…
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PSX slumps over 3.4% due to economic, political uncertainty | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) slumped over 3.4%, approximately 1,348 points, and hit a two-year low at around 38,900 points on Tuesday. The market maintained a steep downward trend for the second consecutive day due to the rise in…
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Rs200b mini-budget to appease IMF on cards | The Express Tribune
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[ad_1] The government may impose taxes to the tune of Rs200 billion – with effect from next month – aimed at breaking a deadlock with the International Monetary Fund (IMF). However, the current uncertain political situation in the country is…
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CCP asks for strict enforcement of laws | The Express Tribune
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[ad_1] KARACHI: Complete implementation of the competition laws will reduce the price of essential items by 25 to 30%, end the price cartel operating in different sectors and convert Pakistan’s economy into a functional one, said Rahat Kaunain, Chairperson of…
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WB diverts $615m for flood-relief work | The Express Tribune
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[ad_1] The World Bank has diverted $615 million from ongoing slow moving projects towards rehabilitation and reconstruction of the flood-affected areas, which Pakistan was unable to use due to multiple issues hindering implementation on these schemes. The Washington-based lender had…
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World owes Pakistan $30b a year for polluting | The Express Tribune
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[ad_1] ISLAMABAD: The monsoon season of 2022 brought forth the most devastating floods to Pakistan. Two of the country’s provinces received 8x more rain than their 30-year average, resulting in widespread destruction and loss of life. A study conducted by…
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Pledges feel too good to be true | The Express Tribune
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[ad_1] ISLAMABAD: The word ‘pledge’ appears in the news far too often, albeit accompanied by ‘unfulfilled’ or ‘failed.’ Over a decade ago, a climate pledge was made at a United Nations summit in Copenhagen, where rich nations promised to channel…
