Express
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Govt probes mega energy projects | The Express Tribune
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[ad_1] ISLAMABAD: After failing to comply with recommendations of the Environmental Protection Agency (EPA) while completing the multibillion-rupee Neelum-Jhelum hydropower project, the government has started probing mega projects like Diamer Bhasha and Mohmand dams in order to check compliance with environmental studies. Earlier, the executing agencies of Neelum-Jhelum hydropower project violated the recommendations of EPA…
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Oil drops $3 on positive signals from Russia-Ukraine peace talks | The Express Tribune
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[ad_1] HOUSTON: Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict, with prices further pressured by China’s new lockdowns to curb the spread of the coronavirus. Brent crude fell $2.88, or 2.6%, to $109.61 a barrel by 11:07…
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Senate body discusses steel price hike | The Express Tribune
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[ad_1] ISLAMABAD: The Senate Standing Committee on Industries and Production has been informed that prices of steel had spiked over 100% in the last one year. During its meeting held under the chairmanship of Senator Faisal Sabzwari on Tuesday, officials of the Ministry of Industries and Production said that steel rates had increased to Rs216,000…
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Pakistan eyes China to boost potato industry | The Express Tribune
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[ad_1] BEIJING: Pakistan plans to increase potato production and grab a share in the Chinese market through modern Chinese technology and high-quality seeds, said Pakistani authorities. Commercial Counsellor of Pakistan Embassy in Beijing Badaruz Zaman said that Pakistan was one of the largest potato producers in the world. “Local consumption is around 4 to 5…
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Political instability can derail economy | The Express Tribune
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[ad_1] ISLAMABAD: The escalation of geopolitical tensions and domestic political conditions can hamper the positive outlook for Pakistan’s economy and they might also aggravate the macroeconomic imbalances, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. Citing a report in a statement on Tuesday, he expressed grave concerns over the growing risks…
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Experts for gauging street economy contribution | The Express Tribune
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[ad_1] ISLAMABAD: Local researchers and academics must conduct research and find solutions to Pakistan’s problems, said Pakistan Institute of Development Economics (PIDE) Vice Chancellor Dr Nadeemul Haque. Speaking at the Research for Social Transformation and Advancement (RASTA) conference in Bhurban on Tuesday, he added that the country could follow global research but it had to…
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Market watch: Bulls toss KSE-100 above 44,000 points | The Express Tribune
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[ad_1] KARACHI: Bulls held sway at the Pakistan Stock Exchange on Tuesday, as buoyant investors rushed to make fresh purchases driven by a political twist that was cherished by the market. Punjab Chief Minister Usman Buzdar’s surprise resignation a day earlier relaxed the prolonged political turmoil in the country and proved to be a ray…
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Oil drops $6 on positive signals from Russia-Ukraine peace talks | The Express Tribune
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[ad_1] LONDON: Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict, with prices further pressured by China’s new lockdowns to curb the spread of the coronavirus. Brent crude fell $6.51, or 5.8%, to $105.97 a barrel by 1342…
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Yarn makers demand cut in taxes, duties | The Express Tribune
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[ad_1] KARACHI: The yarn manufacturers have urged government to reduce the customs duty imposed on polyester preoriented yarn (POY). In a statement on Monday, the Pakistan Yarn Merchants Association (PYMA) demanded the government to cut the customs duty, sales 5ax, withholding tax on income and abolish regulatory duty and additional customs duty on yarn in…
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Sindh vows to resolve environmental issues | The Express Tribune
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[ad_1] KARACHI: Adherence to the environmental laws is mandatory for all sectors and the government is taking steps to address environmental issues of the province on a priority basis, said Sindh Additional Chief Secretary of Environment and Climate Change Muhammad Hassan Iqbal. Speaking to the members of the Korangi Association of Trade and Industry (KATI)…
