Express
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K-Electric mulling power outages for industries | The Express Tribune
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[ad_1] KARACHI: K-Electric may consider resuming load-shedding across its consumer network including the industrial zones, and may increase the duration of outages in the already affected areas to help people avoid default on monthly bill payments. “The cost of power production has gone beyond peoples’ affordability,” K-Electric’s Chief Marketing Officer Sadia Dada said while briefing…
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Govt asked to set performance indicators for envoys | The Express Tribune
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[ad_1] KARACHI: The business community has urged the government to define key performance indicators (KPIs) for the trade officers deployed in foreign countries. Acting Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Suleman Chawla emphasised that economic diplomacy and efficiency was important in getting the desired results, adding that some peculiar situations must…
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Pakistan can learn from China’s dairy practices | The Express Tribune
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[ad_1] BEIJING: Pakistan is among the world’s top five milk producers, with over 60 million tons of milk production each year. To further enhance production, Pakistan can learn from China’s best practices applied in the dairy sector, said Badaruz Zaman, Commercial Counsellor at Pakistani Embassy in Beijing. He made the remarks on the World Milk…
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Govt relaxes deadline for PSDP | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has relaxed the deadline for submission of new projects to accommodate schemes of the coalition government in the new budget – a move that will further thin out fiscal resources and put pressure on the public purse amid looming default. The National Economic Council (NEC) – the constitutional body…
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Pak-Afghan body demands duty waiver | The Express Tribune
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[ad_1] LAHORE: Pak-Afghan Facilitation Committee (PAFC) has demanded that the government waive all duties and taxes, including sales tax, on the import of raw merchandise from Afghanistan in order to boost exports of the country. In a joint letter written to the federal finance secretary and Federal Board of Revenue (FBR) chairman outlining the budget…
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Shadow economy accounts for 40% of GDP | The Express Tribune
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[ad_1] LAHORE: Pakistan is facing tough economic challenges and its key concerns are the external deficit and the mounting debt, which are pushing the country towards a deep financial crisis. A major task for the government is to stabilise the dwindling foreign exchange reserves as well as provide resources for development work and ensure relief…
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Sustainable growth eludes country | The Express Tribune
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[ad_1] ISLAMABAD: In a stark warning to all the vested interest groups that have over the years brought Pakistan to its knees, Deputy Finance Minister Dr Ayesha Pasha declared on Wednesday that the country would not be the same “if we do not urgently change our course”. The warning came amid increasing competition among all…
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NEPRA approves tariff Rs3.99 hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) indicated on Tuesday an increase of Rs3.99 per unit in power tariff on account of fuel cost adjustment (FCA) for April 2022. The decision would place an additional burden of Rs51 billion on the power consumers. The decision would not apply to the K-Electric consumers and…
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Pakistan, Turkey can push trade to $5b | The Express Tribune
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[ad_1] ISLAMABAD: Saarc Chamber of Commerce and Industry President Iftikhar Ali Malik on Tuesday highlighted the significance of Prime Minister Shehbaz Sharif’s visit to Turkey, saying it would further cement bilateral ties between the two countries. Iftikhar said that the existing annual bilateral trade worth $1.1 billion between Pakistan and Turkey could be taken up…
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Minister advocates Islamic banking system | The Express Tribune
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[ad_1] KARACHI: Federal Shariah Court’s ruling to convert the entire banking system into Islamic is a step in the right direction, as the Shariah-compliant banking has paced up financial inclusion and holds the key towards prosperity and inclusive economic growth, remarked Finance Minister Miftah Ismail. The court has given five years for the conversion. “Though…
