Express
-
Innovation in seven simple steps | The Express Tribune
.
[ad_1] PUBLISHED December 18, 2022 KARACHI: Innovation is not for the faint hearted. It requires grit and tenacity along with a modicum of chutzpah and humor to see you through the most turbulent of times. My decade long journey into low-cost and low-tech “ICE” (Innovation | Creativity | Entrepreneurship) prompted me to bear it all…
-
Egypt’s IMF deal to reduce govt debt | The Express Tribune
.
[ad_1] CAIRO: The International Monetary Fund’s new $3 billion financial support package for Egypt aims to reduce government debt to less than 80% of gross domestic product (GDP) in the medium term, a cabinet report released on Saturday said. The IMF did not require the Egyptian government to cut spending on subsidies, the report said,…
-
LC restrictions crippling industries | The Express Tribune
.
[ad_1] KARACHI: The non-issuance of letters of credit (LCs) is crippling industrial activities, leading to massive unemployment as companies are unable to import the raw material necessary to keep their manufacturing wheel running. Karachi Chamber of Commerce and Industry (KCCI) President Mohammed Tariq Yousuf, while expressing deep concern over the non-issuance of LCs and a…
-
SOEs in Reko Diq deposit $562.5m | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s three state-owned entities (SOEs), having 25% stake in Reko Diq project in Balochistan, have deposited $562.5 million in an escrow account after signing a final agreement “with respect to the SOEs’ participation in the reconstituted Reko Diq project, according to a bourse filing on Friday. The amount deposited in the escrow account…
-
Reko Diq project reconstituted, first production expected in 2028 | The Express Tribune
.
[ad_1] Canadian mining firm Barrick Gold Corporation (BGC) on Friday said that it had completed the reconstitution of one of the world’s largest undeveloped copper-gold projects after receiving nods from Pakistan’s top court and parliament. On Thursday, Pakistan inked the final deal with Barrick and Antofagasta PLC representatives in London to revive the Reko Diq mining…
-
Govt formulates strategy to conserve energy | The Express Tribune
.
[ad_1] ISLAMABAD: Information Minister Marriyum Aurangzeb on Thursday said the federal government formulated a National Energy Conservation Plan, envisaging the use of solar power for private and government buildings besides a massive crackdown on electricity thieves. Marriyum said in a series of tweets that the decision was taken in a meeting on economic recovery and…
-
Pakistan inks final deal for Reko Diq project | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan on Thursday inked the final deal with representatives of Barrick Gold and Antofagasta PLC in London for the revival of the Reko Diq project and the settlement of an $11 billion dispute. The development came after the government received a ‘favourable opinion’ from the Supreme Court on the settlement agreement and the…
-
Gold import ban linked to lack of documentation | The Express Tribune
.
[ad_1] ISLAMABAD: The commerce ministry officials on Wednesday told a Senate panel that if the entire gold business in the country was documented, the ban on its import could be lifted. The Senate Standing Committee on Commerce, which was held under the chairmanship of PTI Senator Zeeshan Khanzada, was further told that the main obstacle…
-
K-Electric tariff reduced by Rs2.45 per unit | The Express Tribune
.
[ad_1] KARACHI: The National Electric Power Regulatory Authority (Nepra) on Wednesday allowed K-Electric (KE) to cut its power tariff by Rs2.45/unit on account of monthly Fuel Charges Adjustment (FCA). In a public hearing, held to for KE’s petition on monthly FCA for October, the regulator had initially calculated a reduction of Rs2.15/unit. After detailed analysis of…
-
Russia replaces Iraq as top oil supplier to India in Nov | The Express Tribune
.
[ad_1] NEW DELHI: Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last month snapped up oil from Moscow fearing a price cap from Dec. 5 could hit supplies and choke payment avenues, data obtained from trade sources showed. India’s oil imports from Russia rose for the…
