Express
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Geopolitical unrest feared to lift petrol price to Rs200-225 | The Express Tribune
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[ad_1] KARACH: The acceleration in international geopolitical tensions over the Ukrainian crisis sent the international Brent oil price surging by 5% to sevenand-half-year high at $95 per barrel on Friday. If Russia invades Ukraine, as being speculated by the US, then the petrol price would spike to Rs200-225 per litre in Pakistan. The next three…
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Tax receipts from POL items jump 72% | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has raised over Rs287 billion in indirect taxes from petroleum products during the first seven months of the current fiscal year -up by 72%, indicating that petroleum products still remain a key source for revenue generation. The taxes were collected from July to January of fiscal year…
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The future of property in Pakistan | The Express Tribune
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[ad_1] PUBLISHED February 13, 2022 KARACHI: Amid Inflation via careless fiat pumping, could an asset backed currency save us? Gone are the times when a family could survive on a single paycheck. It appears as if things are getting out of hand, but only one in a million people understand why. The long-running dispute between…
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Tarin says must avoid ‘begging’ IMF for loans | The Express Tribune
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[ad_1] KARACHI: Finance Minister Shaukat Tarin on Saturday stressed the need to revive the country’s economy in order to avoid approaching the International Monetary Fund (IMF) and other countries to “beg” for loans. “We want to get out of the circle of repeatedly going to the IMF and other countries to beg for loans,” the…
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Telecom group willing to participate in 5G auction | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) Group is willing to participate in 5G auction, however, it depends on licensing conditions and the auction value, said PTCL Group President and CEO Hatem Bamatraf. Speaking at a news conference at the PTCL headquarters on Friday, he emphasised that the company would participate in the auction just…
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Argentina offers support in agri sector | The Express Tribune
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[ad_1] FAISALABAD: Argentinian Ambassador to Pakistan Leopoldo Francisco Sahores has stated that his country was eager to collaborate with Pakistan to enhance cotton production. Addressing the business community at the Faisalabad Chamber of Commerce and Industry (FCCI) on Friday, he said that the two nations were agrarian in nature and their futures were directly linked…
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Auto sales accelerate 18% in Jan 2022 | The Express Tribune
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[ad_1] KARACHI: The automobile sector of Pakistan picked up pace in January 2022 as car sales rose 18% to 20,610 units. According to data released by the Pakistan Automotive Manufacturers Association (PAMA) on Friday, the car sales stood at 17,515 units in January 2021. A report of Arif Habib Limited stated that the year-on-year increase…
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Remittances hit record high at $18b | The Express Tribune
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[ad_1] KARACHI: Pakistan has received record high workers’ remittances of $18 billion from the expatriates in first seven months (July-January) of current fiscal year 2021-22, however, the inflows shrank to 17-month low in January 2022. Remittances rose 9% to $17.95 billion during July-January of fiscal year 2021-22 compared to $16.46 billion in the same period…
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Ayub calls for swift implementation of schemes | The Express Tribune
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[ad_1] ISLAMABAD: All foreign-funded projects should be implemented in an expeditious manner and there is a need to enhance their service delivery, said Minister for Economic Affairs Omar Ayub Khan. He was speaking to a delegation of the World Bank on Friday, which was led by Country Director for Pakistan Najy Benhassine. During the meeting,…
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Pakistan allows exports to Afghanistan in rupees | The Express Tribune
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[ad_1] KARACHI: In a bid to streamline regional connectivity and trade, Pakistan has allowed traders the export settlement of 14 items with Afghanistan in local currency. The items included poultry, meat, cement, pharmaceutical products, textile, fruits, vegetables, salt, rice, surgical instruments, etc, revealed Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood. On…
