Express
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Govt to give fertiliser subsidy directly to farmers | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to pay fertiliser subsidy directly to farmers through the Ministry of National Food Security and provincial governments in an effort to reduce prices, which have skyrocketed and led to less-than-required consumption. Di-ammonium phosphate (DAP) prices have crossed Rs10,000 per bag, dealing a major blow to the farmers. In order…
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Indonesia insists on taking trade to new peak | The Express Tribune
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[ad_1] PESHAWAR: This is the right time to increase bilateral trade between Pakistan and Indonesia to a new peak, remarked Indonesian Ambassador to Pakistan Adam M Tugio. In a meeting with Sarhad Chamber of Commerce and Industry (SCCI) on Wednesday, the envoy emphasised the need to expand mutual trade with Indonesia – beyond palm oil…
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Committee formed to probe causes of cyberattacks | The Express Tribune
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[ad_1] ISLAMABAD: All government departments should shift their data to a safe and secure system of National Telecommunication Corporation (NTC), said Federal Minister for IT and Telecommunication Syed Aminul Haque. Pakistan has faced cyberattack on the networking side of NTC. It was informed during a meeting on Wednesday that following the attack, the government formed…
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Rupee crosses 190 vs US dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency maintained its record breaking spree, as it surpassed a major barrier of Rs190 against the US dollar for the first time in the inter-bank market mainly owing to political and economic instability in the country. The rupee dropped 0.72% (or Rs1.36) to an all-time low at Rs190.02 against the greenback on…
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Karot project’s first unit starts running | The Express Tribune
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[ad_1] ISLAMABAD: The unit-1 of Karot hydropower project with production capacity of 180 megawatts of electricity started running after the successful commissioning of “Wet Test”. “The energy produced from the unit-1 will provide support to the national grid in alleviating the energy crisis,” remarked Karot Power Company CEO Wang Minsheng. The unit-1 with capacity of…
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The dollar problem | The Express Tribune
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[ad_1] LONDON: Barely recovered from a two-year bout of Covid, emerging markets now face capital flight, inflation, and even debt defaults as the dollar’s run to two-decade highs tightens the screws. Almost all past emerging market crises were linked to dollar strength. As the dollar rises, developing countries must tighten monetary policy to head off…
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Rs16b sought for food subsidy | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Industries and Production has sought immediate release of Rs16 billion on account of subsidy under the Prime Minister’s Relief Package 2020 to cover arrears of previous months. The ministry approached the Economic Coordination Committee (ECC) of the cabinet, asking it to direct the Finance Division to release the total outstanding…
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Market watch: Rupee fall, political turbulence pull stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed selling pressure on Wednesday, following rupee’s fall to an all-time low amid political turbulence, which dragged the benchmark KSE-100 index below the 43,000-point mark. Moreover, concerns about terms of the resumed IMF loan programme and delay in approval of Saudi Arabian aid package also contributed to the bearish…
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‘No change in trade policy with India’ | The Express Tribune
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[ad_1] ISLAMABAD: The coalition government on Wednesday clarified that there is no change in Pakistan’s policy on trade with India after the federal cabinet approved the appointment of Trade and Investment Minister in the Pakistani High Commission in New Delhi. The development has triggered speculations that the new government had decided to restore bilateral trade…
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Dollar touches all-time high of Rs190 | The Express Tribune
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[ad_1] KARACHI: Pakistani currency hit a new all-time low of Rs190 against the US dollar in intra-day trade in the interbank market on Wednesday. Besides, the Pakistan Stock Exchange (PSX) lost over 500 points. The rupee and stocks both nosedived ahead of the resumption of talks with the International Monetary Fund (IMF) in Doha on…
