Express
-
Business group lays out 12-point export strategy | The Express Tribune
.
[ad_1] LAHORE: A businessmen group has demanded that the government develop a long-term export strategy by ensuring consistency of policies. In a letter written to Prime Minister Shehbaz Sharif, Pakistan Business Forum (PBF) President Khawaja Mehboobur Rehman sought the premier’s attention to a crucial matter that was affecting economic growth and prosperity. The letter stated…
-
Debt soars to record Rs74.6 trillion | The Express Tribune
.
[ad_1] ISLAMABAD: As Pakistan’s public and guaranteed debt has surged to a record Rs74.6 trillion by the end of June, a new report by the Finance Ministry assesses that in case of any new macroeconomic and fiscal shock the debt and financing needs would jump to unsustainable levels”. The Ministry of Finance’s Debt Sustainability Analysis…
-
FPCCI urges task force to hold IPPs accountable | The Express Tribune
.
[ad_1] LAHORE: The Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Zaki Aijaz, expressed the nation’s anticipation of the task force on Independent Power Producers (IPPs) and Pakistan’s Power Sector Reforms to hold the 40 IPPs accountable and provide much-needed relief to the public. In a statement…
-
Experts urge solar adoption | The Express Tribune
.
[ad_1] KARACHI: Energy experts assert that solar energy adoption in Pakistan not only reduces reliance on fossil fuels and lowers energy costs but also enhances access to electricity in remote areas, creates jobs, and supports environmental sustainability, leading to a more resilient energy sector. Discussing government policies and incentives, the experts commend the government’s initiative…
-
‘PSDP likely to be slashed by additional Rs400 billion’ | The Express Tribune
.
[ad_1] Federal Minister for Planning, Ahsan Iqbal, has indicated that the Public Sector Development Programme (PSDP) may face further cuts, with the budget potentially being reduced by an additional 200 to 400 billion rupees. In an interview with Express News, Ahsan Iqbal explained that due to Pakistan’s ongoing economic challenges, the current development budget is…
-
How much did power companies cost the national exchequer in just one year? | The Express Tribune
.
[ad_1] Listen to article KARACHI: Pakistan’s power distribution companies (DISCOs) have inflicted a staggering loss of over Rs196 billion on the national exchequer in just one year, according to the Auditor General of Pakistan’s report for the fiscal year 2023-24. The audit report highlights that eight DISCOs exceeded the loss limits set by the National Electric Power…
-
PSX continues to recover from bearish trend as KSE-100 index climbs 575 points | The Express Tribune
.
[ad_1] Listen to article KARACHI: The Pakistan Stock Exchange (PSX) rallied on Friday, with the KSE-100 index surging by approximately 575.92 points, showing 0.73%, from the previous day’s close, reaching 78,450.14 in early trading. After experiencing volatility last week, the bulls experienced a dip on Monday with the KSE-100 index losing 1,141 points during intra-day trading. The…
-
Finance Ministry reveals substantial debt increase over three-year period | The Express Tribune
.
[ad_1] ISLAMABAD: The Ministry of Finance has submitted details to the Senate regarding the increase in national debt over the past three years. According to the written response, the national debt increased by Rs31.5 trillion during this period. In the fiscal year 2021-22, the debt rose by Rs9.4 trillion, in 2022-23 by Rs13.7 trillion, and…
-
NEPRA raises tariff by Rs2.6 per unit | The Express Tribune
.
[ad_1] ISLAMABAD: Amid criticism over paying trillions of rupees to the Independent Power Producers (IPPs) and protest by Jammat-e-Islami, the National Electric Power Regulatory Authority (Nepra) on Thursday made another increase in electricity rates by up to Rs2.5627 per unit that would be recovered from consumers in electricity bills of August. The power regulator has…
-
Pakistan, Turkiye vow to expand trade | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan and Turkiye reaffirmed their commitment to enhancing bilateral relations and increasing trade volume during a meeting on Thursday between Turkish Trade Minister Prof Dr Omer Bolat and Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The meeting was marked by a discussion on the enduring brotherly relationship between the two nations…
