Express
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SBP to replace all currency notes by year-end, says governor | The Express Tribune
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[ad_1] The governor of the State Bank of Pakistan (SBP), Jameel Ahmad, has announced that all currency notes will be replaced by the end of this year. The statement was made during a briefing at the Senate’s Standing Committee on Finance, chaired by Senator Saleem Mandviwalla on Wednesday. Ahmad revealed that the state bank is…
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FBR sets Sep 30 deadline for filing tax returns | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has set September 30 as the deadline for income tax returns for the financial year 2023-24. According to FBR, those who fail to submit tax returns may face legal action. In case of default, a 0.1 percent penalty will be imposed on the payable tax amount. The…
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Sindh governor backs manufacturing sector | The Express Tribune
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[ad_1] KARACHI: Sindh Governor Kamran Tessori has reaffirmed his commitment to supporting initiatives that promote the growth of the manufacturing sector and contribute to the country’s economic development. During a visit to the Indus Motor Company (IMC) plant, Tessori praised the company’s achievements in localisation, its contributions to the local auto industry, and its impact…
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Disney-Reliance $8.5 billion merger undergoes scrutiny | The Express Tribune
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[ad_1] NEW DELHI: India’s Competition Commission (CCI) has raised concerns over the $8.5 billion merger between Reliance and Walt Disney’s media assets, specifically regarding the impact on competition due to their control over cricket broadcasting rights, according to sources familiar with the matter told Reuters. The development marks a significant challenge for the merger, which…
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Pakistan has the most expensive electricity in the region: Energy Minister | The Express Tribune
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[ad_1] Listen to article The Federal Minister for Energy, Awais Leghari, acknowledged that the country has the highest electricity costs in the region, stating that the government is working towards resolving issues related to Independent Power Producers (IPPs). Speaking at the National Youth Convention in Islamabad, Awais announced that within one to two months, the government, in…
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Advisory Issued Regarding ATM Closures and Misleading Information About Online Banking | The Express Tribune
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[ad_1] Listen to article PAKISTAN: False information circulating on social media about cyberattacks and ATM closures has been refuted by he National Computer Emergency Response Team (nCert) An advisory issued by nCert, in consultation with the State Bank and other stakeholders, confirmed that there have been no incidents of ATM closures or issues with online banking; all…
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Pakistan’s oil output drops by 25% in 10 years: PPIS | The Express Tribune
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[ad_1] Listen to article Crude oil production in Pakistan decreased from 94,500 barrels per day in 2015 to 70,500 barrels per day in 2024, according to the Pakistan Petroleum Information Service (PPIS). Gas production also saw a significant decline, dropping by 900 million cubic feet per day (MMCFD) over the same period. In 2015, Pakistan’s daily gas…
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Ex-minister questions power tariff hike | The Express Tribune
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[ad_1] Former caretaker commerce minister Dr Gohar Ejaz has raised concerns about the steep rise in electricity bills, questioning how the cost per unit has reached as high as Rs80 when the production cost in July was only Rs9 per unit. In a tweet, Dr Ejaz pointed out that in July, the total average electricity…
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From replicas to global dominator | The Express Tribune
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[ad_1] KARACHI: The Chinese automobile industry has been surpassing global market leaders in terms of cost, features, durability, and comfort. According to well-placed sources, Japanese and European companies, which set up plants in China four decades ago, are now wrapping up their businesses as Chinese companies take their place. Japan, the EU, and US technology…
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Sindh govt pushed for electricity price cut in line with Punjab | The Express Tribune
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[ad_1] Listen to article Sindh Governor Kamran Tessori has announced that he will write a letter to the provincial government, urging them to reduce electricity costs in Sindh, similar to the relief provided in Punjab. During a press conference in Karachi, Tessori emphasized that the Sindh government should offer the same relief to its residents as Punjab…
