Express
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MSCI upgrades Sazgar Engineering to FM Index | The Express Tribune
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[ad_1] KARACHI: MSCI has upgraded Pakistan-based automobile manufacturing firm Sazgar Engineering to its Frontier Market (FM) index and added six other companies to its small-cap index, inviting some fresh foreign buying into these companies’ stocks at the Pakistan Stock Exchange (PSX). According to the results of the latest quarterly index review (QIR) of August 2024,…
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PM Shehbaz announces major fuel price cuts on Independence Day eve | The Express Tribune
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[ad_1] Prime Minister Shehbaz Sharif has announced a significant reduction in petroleum product prices as a “gift to the nation on Independence Day”, state broadcaster PTV reported on Tuesday. The price of petrol has been slashed by Rs8.47 per litre, bringing it down from Rs269.43 to Rs260.96. Similarly, the price of diesel has been reduced by…
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Government mulls IPPs closure to reduce power tariffs | The Express Tribune
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[ad_1] Listen to article The federal government has initiated plans to reduce the current electricity tariffs through a series of proposals and measures, acknowledging the significant financial risks faced by the power sector. According to sources, the government is working on multiple strategies to rationalise electricity rates, which include reducing allocations in development budgets at both federal…
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Scrap importers misuse export scheme | The Express Tribune
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[ad_1] ISLAMABAD: A significant misuse of the Export Facilitation Scheme and alleged involvement in money laundering by scrap importers has been revealed, prompting the Brass Manufacturing Association (BMA) to propose the scheme’s cancellation. The Federal Board of Revenue (FBR) has approached the Secretary General of the Brass Manufacturing Association to investigate these allegations, which come…
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Tax changes in Budget 2024-25 lead to pay cuts for public, private employees | The Express Tribune
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[ad_1] ISLAMABAD: The federal government’s tax adjustments in the Budget 2024-25 have resulted in a decrease in net salaries for numerous employees across both public and private sectors, despite nominal pay raises. According to government officials, the changes in tax rates for salaried individuals have led to a situation where, even with salary increases, higher…
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Petrol, diesel prices likely to decrease | The Express Tribune
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[ad_1] Pakistan may see a significant reduction in fuel prices in the coming days, with cuts of up to Rs12 per litre expected across various petroleum products, according to industry sources. Preliminary calculations suggest that the price of petrol could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of…
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Govt plans to add 20m new taxpayers during 5 years | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has shared with the IMF a five-year revenue generation plan aiming at bringing more than 20 million new tax payers in the tax net. The plan includes proposed targets for broadening the tax net during the next five years. According to sources, the plan aims to incorporate more than 20…
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Conference outlines investment avenues | The Express Tribune
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[ad_1] ISLAMABAD: The Pakistan-China Trade Conference at FoodAg 2024 exhibition has highlighted the agricultural collaboration and investment opportunities between the two countries. The Pakistan-China Agro Trade Conference, held as part of the three-day FoodAg 2024 at the Karachi Expo Centre, was marked by strong commitments to deepen agricultural trade and investment between the two nations,…
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Earnings, global markets help PSX recover | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX), after coming under pressure initially, rebounded and closed with a modest rise of nearly 350 points in the outgoing week as investor interest grew in the face of robust corporate results and recovery in global equities. At the beginning, the market’s momentum was largely influenced by investor hesitation, caused…
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Experts call for boosting date palm industry | The Express Tribune
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[ad_1] KARACHI: Fruit experts suggest that establishing a tissue culture laboratory, proper cold storage facilities, providing pollination equipment, and cultivating exotic date palm varieties in the Nara tehsil of Khairpur district could increase production from 5.5 million tonnes to 10 million tonnes, while doubling the country’s fruit exports. Egypt is currently the largest producer of…
