Express
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US wants to expand partnership | The Express Tribune
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[ad_1] KARACHI: US Ambassador to Pakistan Donald Blome has said that there are endless possibilities to further strengthen the economic partnership as the two countries are celebrating 75 years of bilateral ties this year. “Some of the sectors where we see great possibility for expanding our economic partnership include agriculture, sustainable energy production, telecommunication equipment…
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SBP urges banks to boost agri-financing | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Deputy Governor Sima Kamil, while appreciating the efforts of all stakeholders, has urged banks to leverage the SBP’s recent initiatives and expedite efforts to boost agriculture financing and enhance outreach, especially in the underserved areas. She made the remarks while chairing the quarterly follow-up meeting of the Agricultural…
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Payment restrictions hit auto sector’s production | The Express Tribune
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[ad_1] LAHORE: Auto parts makers and vendors have started facing production challenges due to the restrictions imposed by the State Bank of Pakistan (SBP). The industry says it has been encountering a production crisis following the curbs put in place through Circular No 09 of 2022. “These restrictions are hurting original equipment manufacturers (OEMs) and…
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No new tax imposed | The Express Tribune
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[ad_1] The government of Punjab has announced that it is not imposing any new tax in the provincial budget for fiscal year 2022-23, presented before the house on Wednesday. However, the provincial government has changed some taxation ratios through the proposed Finance Bill. An upward revision in tax ratios has mainly been made for luxury…
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Govt once again drops ‘petrol bomb’ | The Express Tribune
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[ad_1] The coalition government led by Pakistan Muslim League-Nawaz (PML-N) has once again increased the prices of petroleum products by up to Rs59 per litre. Price of diesel has been increased by Rs59, petrol by Rs24.03 per litre and kerosene oil by Rs29.50 per litre, Finance Minister Miftah Ismail said while addressing a news conference…
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‘EU plan to quit Russian fuel plunges Pakistan into darkness’ | The Express Tribune
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[ad_1] Pakistan’s power woes that are plunging the country into the darkness with planned load-shedding of more than 12 hours stem from Europe’s decision to quit buying Russian fuel. According to Bloomberg, the world’s fifth-most populous country invested in LNG and signed long-term contracts with Italian and Qatari suppliers in a bid to protect itself…
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Ford recalls 3.3 million vehicles over rollaway concerns | The Express Tribune
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[ad_1] WASHINGTON: Ford Motor Co (F.N) is recalling more than 3.3 million vehicles in North America that could roll away because a damaged or missing part may prevent the vehicle from shifting into the intended gear. In a filing with the National Highway Traffic Safety Administration (NHTSA), Ford said on Wednesday the recall covers various…
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IMF hands list of demands for loan revival | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s tax chief hinted on Tuesday at increasing the income tax rates for the upper middle income to rich groups, as the International Monetary Fund (IMF) presented the list of its demands for additional measures that included a surge in personal income tax rates. The IMF had raised objections to reducing the income…
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No power relief in sight in coming days | The Express Tribune
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[ad_1] ISLAMABAD: There is no relief in electricity outages in sight in the coming days because of the fear of drying up furnace oil stocks and the shortage of LNG for power plants. During a meeting on the power crisis held on June 6, the Petroleum Division had conveyed to the participants that the state-run…
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Rupee shoots past record Rs206 against USD | The Express Tribune
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[ad_1] KARACHI: In line with expectations, the rupee has plunged further and crossed Rs206 against the US dollar for the first time in the inter-bank market on Wednesday. The domestic currency was available at Rs206.09 against the greenback, losing a fresh Rs0.93, a currency market dealer reported at 9.45 am. This is the fourth consecutive working…
