Express
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Oil prices slide in volatile session | The Express Tribune
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[ad_1] BENGALURU: Oil prices gave up gains to trade lower on Thursday after its biggest plunge in two years in the previous session, as traders debated if the market’s supply disruption concerns were overdone after Russia pledged to fulfill contractual obligations. Since Russia’s February 24 invasion of Ukraine, oil markets have been the most volatile…
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Govt to tax Chinese petrol import | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to impose 10% regulatory duty on the import of petrol from China aimed at plugging a loophole that is exploited by the oil marketing companies to avoid taxes, which has caused over Rs40 billion losses in just a few months. The Federal Board of Revenue (FBR) has prepared a…
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Pakistan, Afghanistan agree on free movement of cargo trucks | The Express Tribune
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[ad_1] Pakistan and Afghanistan have agreed to free movement of trucks and staff between the two countries, boosting bilateral trade prospects under the Taliban-led government. The agreement was reached under the Temporary Admission Document (TAD), which would come into effect on March 21, Tolo News reported. “We have finally done it! Historical development on regional…
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‘Oversight’ in Finance Act to cause rise in hospitalisation cost | The Express Tribune
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[ad_1] KARACHI: The federal government – in a move to control or reduce the prices of medicines, vide the Finance Supplementary Act, 2022 – has transformed the sales tax exemption which was earlier applicable to medicines into the zero-rating regime. Consequently, pharmaceutical companies will now be able to get adjustments or refunds for the amount…
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Post MPS blues | The Express Tribune
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[ad_1] The State Bank of Pakistan announced its decision to keep the policy rate stable at 9.75% this week. The market had mixed expectations on whether there would be a hike or not. Given that inflationary and external account pressures stem mainly from supply side issues, it was not hard for the central bank to…
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Rupee falls to new all-time low | The Express Tribune
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[ad_1] KARACHI: The rupee weakened to an all time low against the US dollar at Rs178.63 in the inter-bank market on Wednesday compared with Tuesday’s close of Rs178.61, according to the State Bank of Pakistan (SBP). On December 29, 2021 the rupee hit an all-time low of Rs178.24 against the greenback as demand for the…
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Smuggling of urea threatens food security | The Express Tribune
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[ad_1] LAHORE: Farmers have urged the government to take immediate action against the smuggling of urea from Pakistan to the bordering countries. In a statement on Wednesday, Pakistan Kissan Ittehad (PKI) President Khalid Khokhar highlighted that smuggling of large quantities of urea to Afghanistan and beyond would trigger shortage of fertiliser in the local market…
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Mortality rate from lumpy skin disease 1-5%, NA body told | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Food Security informed the National Assembly Standing Committee on Food Security that the mortality rate of lumpy skin disease in animals is between 1-5%. A meeting of the standing committee was held under the chairmanship of Rao Muhammad Ajmal Khan. Minister for Food Security Syed Fakhar Imam also attended the…
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Consistency of IT policies key to attracting FDI | The Express Tribune
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[ad_1] ISLAMABAD: The government should ensure consistency of policies for attracting foreign companies and to create a base for software development, a senior official of an IT solution provider emphasised. Talking to journalists on Wednesday, SAP Managing Director Saqib Ahmed underlined that the government should come up with a long-term policy for stimulating investment in…
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Fly Jinnah airline unveils brand identity | The Express Tribune
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[ad_1] Fly Jinnah, Pakistan’s new low-cost carrier, on Wednesday revealed its visual brand identity. Fly Jinnah’s’ brand identity, with its brand name abbreviation “FJ”, has adopted the vibrant red as its main colour to reflect the young and modern spirit of the airline while the logo and brand identity consisting of its unique font and…
