Express
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Consumers face Rs0.95 power tariff hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) decided on Thursday to increase power tariff by up to Rs0.95 per unit for domestic consumers in a bid to cut subsidies under the Re-Targeting Power Sector Subsidies-Phase Il. Under the Re-Targeting Power Sector Subsidies-phase 1, Nepra had allowed the federal government to increase electricity tariff…
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Incentives sought for SMEs | The Express Tribune
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[ad_1] ISLAMABAD: Small and medium enterprises (SMEs) are dubbed as an engine of economic growth all over the world and advancing soft loans to this vital sector always contributes significantly to the improvement of economy of a country, said Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq. Speaking to a delegation of women…
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Rupee stays unchanged vs dollar | The Express Tribune
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[ad_1] KARACHI: The rupee stayed unchanged against the US dollar at Rs178.63 in the inter-bank market on Thursday compared with Wednesday’s close of Rs178.63, according to the State Bank of Pakistan (SBP). It is an all-time low for the rupee as demand for the dollar stood higher compared to its supply in the wake of…
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DG LNG resigns, citing unfavourable environment | The Express Tribune
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[ad_1] ISLAMABAD: The director general of Petroleum Division (liquefied natural gas/ liquefied petroleum gas) has tendered resignation from service on account of alleged “non-conducive work environment”. According to details, DG (LNG/ LPG) Nawaz Ahmad Virk submitted resignation from service on March 7, 2022 and forwarded a copy of his resignation to the petroleum secretary, Establishment…
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Experts positive about foreign handsets registration | The Express Tribune
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[ad_1] KARACHI: Telecom sector experts have appreciated Pakistan Telecommunication Authority’s (PTA) decision to develop a new mechanism for the temporary registration of handsets belonging to the overseas Pakistanis and foreigners visiting the country. They have also urged the government to turn the mechanism into a long-term solution in a bid to enable the expatriates and…
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SBP reserves fall $250m to $16.21 billion | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 1.52% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 4, the foreign currency reserves held by the SBP were recorded at $16,212.2 million, down $250 million compared with $16,462.3 million on February…
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Automobile sales rise by 32% in Feb | The Express Tribune
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[ad_1] KARACHI: Automobile sales registered a handsome growth of 32% year-on-year to 21,664 units in February 2022. On a month-on-month basis, the sales increased by 5%, according to data released by the Pakistan Automotive Manufacturers Association (PAMA). During the first eight months of current fiscal year, automobile sales registered an increase of around 56% year-on-year…
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February remittances reach $2.2b | The Express Tribune
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[ad_1] KARACHI: The remittances sent home by overseas Pakistanis inched up 2% month-on-month to $2.2 billion in February 2022. The thin increase in remittances came following the resumption of global travel and non-inclusion of proceeds from the Roshan Digital Account in the overall remittances. According to the State Bank of Pakistan (SBP), the country received…
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Traders sound alarm on rising imports | The Express Tribune
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[ad_1] LAHORE: Government should check the widening trade deficit by discouraging the flow of unnecessary imports that are burdening the national kitty of Pakistan, said South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry Iftikhar Ali Malik. Speaking to a delegation of traders on Thursday, he said that the deficit widened by…
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SBP for including excluded segments in banking | The Express Tribune
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[ad_1] KARACHI: The vision of full financial inclusion in the country cannot be achieved without bringing the excluded segments of society in the formal banking sector, said State Bank of Pakistan (SBP) Governor Reza Baqir. Addressing an event titled “Moving towards Inclusive Pakistan”, he emphasised that persons with disabilities must enjoy fair and equal access…
