Express
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Real estate taxes to hinder growth of construction sector | The Express Tribune
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[ad_1] ISLAMABAD: The new taxes imposed by the government through the budget for 2022-23 on the real estate sector will badly affect the growth of construction industry and largely increase unemployment, said Islamabad Chamber of Commerce and Industry (ICCI) President…
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Govt to spend Rs118 billion on connectivity projects | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan government on Friday unveiled a Rs727 billion development programme, with Rs118 billion set aside for new and ongoing connectivity projects under the China-Pakistan Economic Corridor (CPEC), Central Asia Regional Economic Cooperation (Carec) programme and Khyber Pass Economic…
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Stock market gains 1.7% on budget optimism | The Express Tribune
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[ad_1] KARACHI: Bulls dominated the Pakistan Stock Exchange during the outgoing week as investors remained optimistic and started the trading week on a positive note amid the federal budget announcement. The investors took fresh positions and opted to cherry-pick stocks…
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Govt requests $2b loan rollover | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has made another request to China for the rollover of $2 billion worth of debt maturing soon but it forgot to book Chinese and International Monetary Fund (IMF) loans in the budget, underreporting foreign borrowing by $7…
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Hyundai Motor plants in extra weekend run | The Express Tribune
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[ad_1] A huge Hyundai Motor Co factory complex added weekend production on Saturday, despite a nationwide strike by truckers that has hit ports and other South Korean industrial giants, including steelmaker Posco. On day five of the strike, some 100…
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Tanzania signs LNG framework agreement | The Express Tribune
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[ad_1] DAR ES SALAAM: Tanzania signed a framework agreement on Saturday with Norway’s Equinor and Britain’s Shell that will bring closer the start of construction of a $30 billion liquefied natural gas (LNG) export terminal, live video from the event…
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US gasoline price tops $5 per gallon | The Express Tribune
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[ad_1] NEW YORK: The price of US gasoline averaged more than $5 a gallon for the first time on Saturday, data from the American Automobile Association (AAA) showed, extending a surge in fuel costs that is driving rising inflation. The…
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Fertiliser to become more expensive | The Express Tribune
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[ad_1] KARACHI: The proposed increase in sales tax on fertiliser in the budget for fiscal year 2022-23 will make the commodity further expensive for the small and medium-sized farmers. “Farmers have slammed the increase in sales tax on fertiliser from…
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Pakistan to seek deferred payments for Qatari LNG | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan will seek a deferred payment plan for liquefied natural gas bought under long term deals with Qatar, Finance Minister Miftah Ismail said on Saturday, as country faces a balance of payments crisis and falling foreign exchange reserves….
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EXIM Bank set up to meet IMF’s demand | The Express Tribune
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[ad_1] ISLAMABAD: The government has fulfilled another condition of the International Monetary Fund (IMF) for the revival of the bailout package as it got the bill backing the establishment of the Export-Import Bank of Pakistan passed from the National Assembly…
