Express
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Demonising and scandalising CPEC | The Express Tribune
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[ad_1] ISLAMABAD: From time to time, we come across propaganda unleashed against the China-Pakistan Economic Corridor (CPEC): that it is a debt-creating instrument, China is not keen to help Pakistan ride out its severe economic problems, and Beijing is using the corridor as a strategic ploy to put its stamp on the region. Such propaganda,…
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Value proposition of Islamic finance | The Express Tribune
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[ad_1] KARACHI: In a world driven by economic dynamism and financial innovation, Islamic finance stands out as a unique and increasingly influential system that focus on real trade and economic activity while barring interest-based dealing, speculation, artificial financial instruments and toxic assets like conventional derivatives. Islamic finance rooted in the Islamic commercial law and supported…
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China reports $3.22 trillion in foreign exchange reserves | The Express Tribune
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[ad_1] China’s foreign exchange reserves stood at 3.2224 trillion U.S. dollars at the end of June 2024, official data showed Sunday. The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange (SAFE) said, attributing the decrease to the combined impact of currency translation and asset price changes. Affected…
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NEPRA passes on relief to K-E consumers | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued its decision regarding the Fuel Charges Adjustment (FCA) requested by K-Electric (K-E) for April 2024, indicating a benefit of Rs1.67 per kilowatt-hour (kWh) to be passed on to customers in their July 2024 bills. Earlier, NEPRA had notified a decision that specified the FCA…
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In new milestone, PSX breaks through 80k | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) exhibited a bullish trend during the outgoing week as the KSE-100 index broke through the psychological barrier of 80,000 points to reach a record high over optimism that Pakistan had taken all the required measures for securing a new assistance package from the International Monetary Fund (IMF). Investor sentiment…
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Pakistan’s agriculture exports reach record $8 billion | The Express Tribune
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[ad_1] Pakistan has achieved a significant milestone in agricultural sector with agro-exports reaching an unprecedented 8 billion US dollars mark for the first time in previous fiscal year from July 2023 to June 2024, Pakistani Commerce Minister Jam Kamal Khan said Saturday. The achievement underscores the collective efforts of traders, farmers, the Trade Development Authority…
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Govt debt soars to Rs67.8tr in May | The Express Tribune
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[ad_1] ISLAMABAD: Despite a stable rupee, the federal government’s debt rose sharply to Rs67.8 trillion in May, marking one of the most rapid increases in any month, with an average of Rs56 billion per day added to the debt pile. The State Bank of Pakistan (SBP) reported on Friday that the federal government’s total debt,…
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Govt holds telecom projects’ funds | The Express Tribune
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[ad_1] ISLAMABAD: As the federal government holds back around Rs60 billion collected from telecom operators for the Universal Service Fund (USF), the delay in release of funds has put at stake telecom development projects in unserved, underserved, rural and remote areas of the country. USF is meant to be utilised for providing access to telecommunication…
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Petroleum dealers strike call triggers panic buying | The Express Tribune
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[ad_1] KARACHI: Financially-stressed commuters rushed to petrol pumps across the country and formed long queues on Thursday in an attempt to get their vehicle-tanks refilled ahead of a daylong shutter-down strike called by fuel stations for Friday (today). The strike by the owners of around 13,000 fuel stations nationwide was set to start from 6am.…
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Power consumers in for another shock | The Express Tribune
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[ad_1] ISLAMABAD: Power consumers may face a significant Rs5.72 per unit—or 19.2%—increase in electricity base tariff as the federal government has requested the National Electric Power Regulatory Authority (NEPRA) to implement a uniform tariff for consumers of distribution companies (DISCOs) and K-Electric. NEPRA—the country’s power regulator—has scheduled a public hearing on Monday, July 8, to…
