Express
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LCs major hurdle in completing internet projects | The Express Tribune
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[ad_1] ISLAMABAD: The Senate Standing Committee on Information Technology and Telecommunication on Monday was informed that 1.5 million new internet connections were being provided every month, but the non-opening of letters of credit (LCs) were creating problems. The information technology ministry further informed the Senate panel that the non-opening of letters of credit was affecting…
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Rupee downfall: Pakistani currency endured historic lows in 2022 | The Express Tribune
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[ad_1] ISLAMABAD: As the bells for another new year are tolling, the country’s crippled economy will be hobbling into 2023 with a humiliating record of the downward spiral of rupees vis-à-vis the US dollar. With the government struggling with high import payments, depleting foreign exchange reserves and political uncertainty, the overall value of the Pakistani…
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Pakistan-Uzbekistan PTA to take effect in Feb | The Express Tribune
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[ad_1] ISLAMABAD: Amid issues being faced in Afghanistan by both sides, Pakistan and Uzbekistan signed an agreement on Monday to implement the Pakistan-Uzbekistan Preferential Trade Agreement (PTA), which would take effect from February 1, 2023, aimed at enhancing the trade volume to $1 billion. To overcome the problems being faced by Pakistani/Uzbek transporters, both countries…
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Rupee bears the brunt of political clamour | The Express Tribune
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[ad_1] KARACHI: The ongoing political drama is putting too much pressure on the Pakistani rupee against the US dollar, while the smuggling of dollars to Afghanistan and the Russia- Ukraine conflict have added to the currency’s woes. Addressing a press conference on Monday, Exchange Companies Association of Pakistan (ECAP) President Malik Bostan said, “Pakistani politicians’…
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Bourse rallies, led by E&P stocks | The Express Tribune
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[ad_1] KARACHI: Pakistan’s stock market made a handsome recovery on Monday following previous week’s battering as government’s move to rein in the growing circular debt and a slight easing of political noise sparked optimism among investors. Market players welcomed the news of revising the circular debt management roadmap and the constitution of a committee to…
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Privatisation of power distribution companies-I | The Express Tribune
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[ad_1] ISLAMABAD: DISCOs (distribution companies) in the power sector have been a constant source of worries for successive governments in Pakistan. Losses, leakages, receivables, supply quality and discontinuities, and now the rising circular debt for which DISCOs are only partly responsible. Many options have been examined and pursued, of which two are the most common…
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Horticulture: an obvious solution | The Express Tribune
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[ad_1] Food security is frequently defined in terms of food availability, but it has four fundamental components: food availability, access, utilisation and stability. Food security refers to the condition in which the entire population has continuous economic, social and physical access to adequate, nutritious and hygienic food that meets their nutritional needs to support an…
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Vision 2030: how far has Saudi Arabia come? | The Express Tribune
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[ad_1] ISLAMABAD: The world is rapidly transforming in the 21st century where the rise of new variables continues to intensify political, economic and social divisions. At the same time, as a consequence of economic globalisation, the world has become more interconnected and interdependent. The traditional tools of engagement and influence cannot withstand the pressures of…
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Deadline to sell stake in Caixabank extended | The Express Tribune
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[ad_1] MADRID: The Spanish government has extended the deadline to sell its 17.3% stake in Caixabank, worth some 5 billion euros ($5.3 billion) at current market prices, by two years to the end of 2025, saying it aimed to get the best price for the holding. “This extension aims to ensure greater efficiency in the…
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Exports touch $30b for the first time in history: Alvi | The Express Tribune
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[ad_1] KARACHI: President Dr Arif Alvi, on Saturday, lauded the business community for hitting the $30 billion mark in exports this year despite the prevailing economic conditions. “It is encouraging that despite the challenges, Pakistan’s exports for the first time in history, touched $30 billion,” he said, adding that the government is committed to providing…
