Express
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US natural gas output growth wanes | The Express Tribune
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[ad_1] WASHINGTON: US natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow’s invasion of Ukraine. The United States is already the world’s largest producer of natural gas. But the two mainstays of production – the Appalachian region…
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Dollar rises towards 20-year high | The Express Tribune
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[ad_1] LONDON: The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that eurozone manufacturing output growth stalled…
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Businessmen frame growth, export-oriented plan | The Express Tribune
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[ad_1] ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s United Business Group (UBG) on Monday submitted a set of 40 growth and export-oriented proposals to the federal government, aimed at accelerating the pace of trade activities besides restoring the confidence of foreign and domestic investors with a basket of incentives. Chairing the…
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Russia-Ukraine war to hurt South Asian economies | The Express Tribune
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[ad_1] ISLAMABAD: Further escalation in the Russia-Ukraine war will have an adverse economic impact on South Asian countries, cautioned South Asian Association for Regional Cooperation (Saarc) Chamber of Commerce and Industry President Iftikhar Ali Malik. Talking to a delegation of traders on Monday, he noted that the outlook of 2022 for the global economy “seems…
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Costly veg oil: a test for Pakistan | The Express Tribune
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[ad_1] BEIJING: As Ukraine and Russia are the top two exporters of sunflower seed oil, the military conflict between them has led to sharp spikes in vegetable oil prices among food commodities. The FAO Vegetable Oil Price Index averaged 248.6 points in March, up 46.9 points from February and hitting a new record high. Pakistan,…
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Employees link to PSDP-funded projects get pay boost | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has revised pay packages of officials working in development projects funded under the Public Sector Development Programme (PSDP), setting a monthly salary cap of Rs1.4 million for top officials while fixing Rs28,000 as the minimum paycheck for bottom grade staff. The government announcement would apply to current employees and officials…
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Inflation skyrocketed to 13.4% | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate in April skyrocketed to 13.4% – the highest pace in almost eleven-and-a-half years, putting the new government in a tight spot at a time when it had already committed with the International Monetary Fund to raise fuel prices to revive the stalled $6 billion (now $8 billion) bailout package. The…
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Agro-voltaic farming, power production together | The Express Tribune
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[ad_1] ISLAMABAD: Although it is said that there is ample land on earth to accommodate all solar power that we want, there are land availability issues when one starts looking for land for installing solar power plants – land is not available, is expensive or there are better or more vital uses such as growing…
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How to get economy moving again? | The Express Tribune
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[ad_1] ISLAMABAD: As a new coalition government has been formed at the centre, the incoming premier seeks to reset major economic reforms and has received a great deal of attention for his ambitious plans to address Pakistan’s long-term budget and fiscal health difficulties. Though we have yet to see him pitching an ambitious legislative agenda…
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Political economy of coalition government | The Express Tribune
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[ad_1] ISLAMABAD: A new multi-party coalition government has taken oath in Pakistan. It has a lot of challenges, especially regarding the economy and governance. The major one is the political economy of a coalition government since the literature largely explains that coalition governments perform badly. This article not only provides its causes but also explains…
