Express
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European Union plans boost for chip sector | The Express Tribune
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[ad_1] BRUSSELS: The European Commission will ease funding rules for innovative semiconductor plants under plans announced on Tuesday as the European Union looks to boost its chip industry and cut its dependence on US and Asian supply. The Commission’s action comes as a global chip shortage and supply chain bottlenecks have created havoc for car…
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Mini-budget a threat to digital revolution | The Express Tribune
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[ad_1] ISLAMABAD: Tax revisions for telecom sector in the mini-budget have vexed the stakeholders, who urge the government to ensure consistency in policies to achieve the vision of ‘Digital Pakistan’. Referring to the changes in taxes over the past seven months, Jazz CEO Aamir Ibrahim told The Express Tribune that unpredictable and abrupt changes in…
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IMF loan supports stability: Ruiz | The Express Tribune
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[ad_1] LAHORE: The purpose of the IMF loan programme is to promote macroeconomic stability in Pakistan and fiscal and monetary policies should support the same vision, remarked International Monetary Fund (IMF) Country Representative for Pakistan Esther Perez Ruiz. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, she underlined that the aim…
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Market watch: Stocks stage decent rally on corporate results | The Express Tribune
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[ad_1] KARACHI: Buying interest re-emerged at the Pakistan Stock Exchange on Tuesday as investor sentiment was primarily driven by strong corporate result announcements in power and cement sectors. The benchmark KSE-100 index, despite remaining volatile throughout the day, managed to stage a decent rally in second half of the session. On the flip side, rising…
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Oil slips from seven-year high ahead of more US-Iran talks | The Express Tribune
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[ad_1] LONDON: Oil slipped to around $91 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which could revive an international nuclear agreement and allow more oil exports from the OPEC producer. A deal could return more than 1 million barrels per day (bpd) of Iranian oil,…
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17% tax on diplomats’ imports withdrawn | The Express Tribune
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[ad_1] ISLAMABAD: The government has quietly withdrawn the 17% sales tax that it had imposed last month through the mini-budget on imports by foreign diplomatic missions and the United Nations agencies after a warning from the Foreign Office (FO) that other countries may take Pakistan to the International Court of Justice over the move. The…
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FBR withdraws 17% tax on diplomats’ imports | The Express Tribune
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[ad_1] ISLAMABAD: The government has quietly withdrawn the 17% sales tax that it had imposed last month through the mini-budget on imports by foreign diplomatic missions and the United Nations agencies after a warning from the Foreign Office (FO) that other countries may take Pakistan to the International Court of Justice over the move. The…
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Covid strategy to boost confidence of expats | The Express Tribune
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[ad_1] KARACHI: Successful containment of multiple Covid waves, preservation of Pakistan’s macroeconomic fundamentals amid Covid shock and proactive policy response from the government and central bank to support the economy should give confidence to the overseas Pakistanis, said the State Bank of Pakistan (SBP) governor. Reza Baqir was speaking at an interactive session titled “Roshan…
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Market reaction mixed over T-bills auction | The Express Tribune
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[ad_1] KARACHI: The market remains mixed over the latest T-bill auction held in Pakistan and while few segments term it mishandling of the central bank, others believe that the State Bank of Pakistan had little role to play in it. The central bank’s mishandling of the latest T-bill auction resulted in hefty losses to the…
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Senator vows support for new industrial estate | The Express Tribune
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[ad_1] ISLAMABAD: The business community is making useful contribution to the economic development of the country and the government will take all possible measures to facilitate it in promoting trade and exports, said Senate Standing Committee on Climate Change Chairperson Seemee Ezdi. Talking to businessmen at Islamabad Chamber of Commerce and Industry (ICCI) on Monday,…
