Express
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Cement manufacturer clinches export deal | The Express Tribune
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[ad_1] KARACHI: Pakistan’s leading cement manufacturer DG Khan Cement accomplished the US standard for cement quality which helped fetch an agreement of export deal of 600,000 tonnes of cement to the United States. DG Khan Cement Director Farid Fazal while briefing on the export agreement on Monday, said that DG Khan Cement has been exporting…
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Governor vows to address CNG industry woes | The Express Tribune
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[ad_1] ISLAMABAD: Punjab Governor Muhammad Balighur Rehman has assured the All Pakistan CNG Association (APCNGA) that he will soon raise the issues of compressed natural gas (CNG) industry before the federal government and will try to get them resolved. He stated this while talking to a delegation of APCNGA comprising representatives from all districts of…
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Skills development for IT graduates | The Express Tribune
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[ad_1] KARACHI: Leading IT companies of Pakistan are creating job opportunities for the technology professionals and offering capacity building programmes. As the economies around the world shut down amid the novel coronavirus outbreak, it caused an inevitable surge in the use of digital technologies across the world with many individuals and businesses working from home.…
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China May oil imports from Russia soar to a record | The Express Tribune
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[ad_1] SINGAPORE: China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine. Imports of Russian oil, including supplies pumped via the East Siberia Pacific…
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PM woos Saudi investors, stresses need for enhancing trade | The Express Tribune
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[ad_1] Prime Minister Shehbaz Sharif has said that it is high time for Saudi Arabia and Pakistan to build a road map to enhance bilateral trade between the two countries. “Now is the time for us to sit down to build a road map through which not only we can enhance our investment but also…
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‘Political instability holds back economic growth, not graft’ | The Express Tribune
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[ad_1] Insisting that corruption is not the major hindrance to Pakistan’s economic progress, Federal Minister for Planning, Development, Reforms and Special Initiatives Ahsan Iqbal on Monday said that some countries even managed to develop with similar levels of corruption. “I can count many countries in the world that have developed despite having similar corruption as…
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Rupee remains volatile as USD crosses 211 | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee remained highly volatile as it plunged to a record low of over Rs211 against the US dollar in the inter-bank market on Monday. The US dollar was available at Rs211.21 at 11:03 am and had closed at Rs208.75 on Friday, according to the State Bank of Pakistan (SBP). The latest fall…
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Italy promotes olive culture with €1.5m project | The Express Tribune
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[ad_1] ISLAMABAD: Ambassador of Italy to Pakistan Andreas Ferrarese on Sunday said that Italy was playing a vital role in promoting “olive culture” in Pakistan for improving the olive value chain. Talking to APP, the ambassador said Pakistan had all the potential to cultivate olive and Italy would cooperate with the South Asian nation with…
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Crude awakening as banks freeze credit lines | The Express Tribune
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[ad_1] KARACHI: Prices of petroleum products, particularly petrol and diesel, have gone up significantly in the last few weeks and more hikes could be on the cards with the government setting an ambitious target in the new budget to raise Rs750 billion by charging the petroleum levy. At this time, if the country witnesses fuel…
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Budget FY23: a reasonable effort | The Express Tribune
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[ad_1] ISLAMABAD: Contrary to most expectations, the federal budget for 2022-23 did not usher in harsh austerity measures or kite-flying. Most targets are realistic. Major ones such as gross domestic product (GDP) growth of 5%, exports of $35 billion, remittances of $33.2 billion and revenues of Rs7 trillion should be within reach. Nevertheless, some targets…
