Express
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Cabinet places sugar price cap | The Express Tribune
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[ad_1] ISLAMABAD: The cabinet has placed a price cap on sugar to regulate its export in a bid to avoid manipulation of domestic prices. Sources informed The Express Tribune that the cabinet, chaired by Prime Minister Shehbaz Sharif, decided that if the retail price of sugar exceeds the benchmark ex-mill price or the retail price…
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IMF agreement boosts Pakistanโs funding prospects: Moodyโs | The Express Tribune
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[ad_1] PAKISTAN: Global rating agency Moodyโs on Tuesday said that Pakistanโs staff-level agreement with the International Monetary Fund (IMF) has improved the funding prospects, but the ability to sustain reforms is key to easing liquidity risks. In a press release,ย Moodyโs stresses that Pakistan’s success depends on its ability to sustain key reforms to mitigate liquidity…
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Reeling from ยelectric shockย consumers hit by ยpetrol bombย | The Express Tribune
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[ad_1] ISLAMABAD: The federal government further squeezed peopleโs purchasing power by raising petrol and diesel prices on Monday, a day after notifying a hike in electricity tariff for both domestic and commercial consumers. According to a finance ministry notification, petrol prices rose by Rs9.99 per litre, while high-speed diesel (HSD) increased by Rs6.18 per litre…
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PSX hits fresh peak on IMF deal | The Express Tribune
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[ad_1] Pakistan Stock Exchange (PSX) skyrocketed to an all-time high on Monday in a robust rally driven primarily by Pakistan’s agreement with the International Monetary Fund (IMF) on a $7 billion Extended Fund Facility (EFF) at the weekend as well as the ongoing earnings season. The day commenced with a spike in the KSE-100 index,…
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Industrialists demand forensic audit of IPPs | The Express Tribune
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[ad_1] KARACHI: Local traders and industrialists have lodged a strong protest against the supply of expensive electricity and demanded a forensic audit of independent power producers (IPPs) as well as revision of their contracts. At a press conference at the Federation House on Monday, representatives of trade and industry regretted that energy costs had become…
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Petrol prices set for major hike from tonight | The Express Tribune
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[ad_1] ISLAMABAD: The government is poised to increase petroleum product prices from July 16, with petrol expected to go up by Rs7.67 per litre, high-speed diesel by Rs3.72 per litre, and kerosene by Rs2.73 per litre. According to Express News, a proposal to raise the levy on petroleum products has been prepared and is awaiting…
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PSX shatters records with all-time high of 81,295 points | The Express Tribune
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[ad_1] Pakistan Stock Exchange (PSX) shattered previous records on Monday, soaring to an all-time high of 81,155 points. The market experienced an exhilarating gain of 1,211.51 points or a surge of 1.49% from its previous close of 79,944, marking a monumental intraday performance that increased investors’ confidence. Last week, the PSX surpassed the 81,000-point mark…
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Unpacking new IMF dealโs consequences | The Express Tribune
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[ad_1] ISLAMABAD: The negotiations with the International Monetary Fund (IMF) resemble a new season of a spy, suspense thriller, or horror movie, becoming more complex with each passing season. However, the IMF has created an illusion that it is a champion of reforms and works to revive economies. Unfortunately, Pakistanโs elite and liberal scholars have…
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China’s smart ports strengthen booming foreign trade | The Express Tribune
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[ad_1] Automated container cranes and driverless transport vehicles are busy unloading and carrying containers at Tianjin Port in Tianjin Municipality, north China. Smart port construction, which incorporates technologies such as 5G, AI, autonomous driving, and cloud computing, has completely transformed Tianjin Port. The port now stands as the world’s first intelligent zero-carbon terminal. The smart…
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$7 billion IMF deal laced with harsh strings | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff level agreement for a $7 billion Extended Fund Facility programme -in a deal that in short-term inflicts heavy burden on the nation but also ends decades-old protections to agriculturists and exporters. The global lender announced the over three-year 24th programme deal only after…
