Express
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$1.7b flood response loan approved | The Express Tribune
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[ad_1] ISLAMABAD: The World Bank has approved funding of $1.7 billion for the rehabilitation of flood-damaged homes and infrastructure in Sindh, covering slightly over one-fifth of the post-flood cost in the province. At what the authorities called a “Pakistan Day” at the World Bank Board, the Washington-based lender approved five different projects for the rehabilitation…
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‘US market bursting with potential for Pakistani products’ | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s Consul General-designate to Los Angeles Asim Ali Khan, on Tuesday urged Pakistani exporters to accelerate efforts in capitalising on opportunities available in the United States’ (US) market. “The US market offers many openings for exports and Pakistani entrepreneurs should accelerate efforts to capitalise on these opportunities to increase exports and earn more…
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‘Blue economy has potential of over $100b’ | The Express Tribune
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[ad_1] ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday said that Pakistan’s blue economy has potential of over $100 billion and that the government is launching new projects to develop coastal areas to tap into all possibilities. Addressing the opening session of the international symposium on Geo Economic and Maritime dimensions…
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Govt’s dilemma of filling Rs700 billion hole | The Express Tribune
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[ad_1] ISLAMABAD: The energy ministry has worked out a Rs2.3 to a whopping Rs31.60 per unit electricity surcharge to cover a hole of over Rs700 billion, which has surfaced due to bad governance, unrealistic budgeting and political decisions to give subsidies to exporters and farmers. Rs700 billion deviations against the Circular Debt Reduction Plan 2023…
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Indus Motor closed for business in December | The Express Tribune
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[ad_1] KARACHI: After Millat Tractor, the Indus Motor Company (IMC), the makers of Toyota in Pakistan, announced that its production plants will be closed completely from December 20th to December 30th, due to the unavailability of letters of credit (LCs) following a restriction on the import of auto parts. In a notice sent to the…
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EU agrees gas price cap to contain energy crisis | The Express Tribune
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[ad_1] BRUSSELS: European Union energy ministers on Monday agreed on a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis. The cap is the 27-country EU’s latest attempt to lower gas prices that have pushed citizens’ energy bills…
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Pakistan to import gas from Azerbaijan | The Express Tribune
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[ad_1] ISLAMABAD: In order to cater to the rising energy demand during winter, the government has decided to import additional gas from Azerbaijan in next couple of months. Talking to a private TV channel, Minister of State for Petroleum Musadik Malik said that Pakistan would import 20,0000 tons of additional gas from Azerbaijan during the…
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Call for charter of economy | The Express Tribune
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[ad_1] ISLAMABAD: Last week, Finance Minister Ishaq Dar repeated his call for a charter of economy and isolating the economic realm from politics during his conversation at Pakistan Prosperity Forum. One can say that all economic policies are political choices as they create winners and losers, therefore the call for the charter of economy has…
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Average wages and labour productivity | The Express Tribune
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[ad_1] LAHORE: For the outgoing fiscal year, the inflation target was set at 8% by the government. However, abnormal increases in global commodity prices, especially crude and edible oil, pushed up domestic prices, as Pakistan is a net importer of these essential items. According to the seventh chapter of Pakistan Economic Survey 2021-22, the Consumer…
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The world of one-tap payments | The Express Tribune
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[ad_1] PUBLISHED December 18, 2022 KARACHI: Some years ago, one could not have imagined that sending money to loved ones would literally be at the tip of one’s fingers, because for a long time, writing out a cheque or running to an ATM were the only options available. Considering that the lower-middle class or the…
