Express
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Petroleum prices likely to go up by Rs15 | The Express Tribune
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[ad_1] ISLAMABAD: After offering relief to consumers in the last three revisions of oil prices, the government is now likely to raise the prices of high-speed diesel (HSD) and petrol by Rs9.84 per liter and Rs7.54 per liter, respectively, for the next fortnight starting from July 1. This possible increase is attributed to fluctuations in…
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Swedish firms urged to invest in IT, telecom | The Express Tribune
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[ad_1] ISLAMABAD: Minister of State for IT and Telecommunication Shaza Fatima Khawaja on Thursday urged Swedish companies to invest in Pakistan’s information technology and telecom sector. “The government is taking steps to promote information and communication technology (ICT) as ICT growth is vital for progress,” she said while addressing the Roundtable on IT and Digitalisation…
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Boeing plans high-level briefing with European regulators following 737 MAX panel incident | The Express Tribune
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[ad_1] Boeing is planning a briefing for high-level European regulatory officials about changes to the way it makes planes, a senior company executive said, after a January mid-air panel blowout sparked a safety crisis. Boeing has been under pressure over factory controls since Jan. 5, when a door plug tore off an Alaska Airlines 737 MAX 9…
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Govt asked to swiftly develop digital infrastructure | The Express Tribune
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[ad_1] LAHORE: Pakistan should take solid steps to bolster reforms related to the market-oriented allocation of data elements and speed up the construction of digital infrastructure, including industrial internet and computing power networks, stated Moazzam Ghurki, President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI). These steps should be part of the broader…
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Rethinking taxation: A call to support | The Express Tribune
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[ad_1] I would like to suggest a re-evaluation of the current approach to taxation, particularly concerning salaried employees. Countries around the world are focusing on attracting and retaining talent—individuals who can strategise the future of their institutions and drive success through their innovation and experience. If we burden our top talent with unfair and…
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Ogra act amendment to bring $200m | The Express Tribune
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[ad_1] ISLAMABAD: The government is set to amend the Oil and Gas Regulatory Authority (Ogra) Act aimed at allowing the operator of Energas Terminal to have monopoly over capacity utilistion in a bid to attract investment of $200 million from Qatar. At present, the terminal operator is bound to permit the use of liquefied natural…
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KSE-100 index leads as Asia’s best-performing market | The Express Tribune
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[ad_1] Despite prevailing economic crises, Pakistan’s stock market has shown resilience by emerging as the best-performing market in Asia in 2024, according to Bloomberg. The KSE-100 index reflected a 27% increase in dollar terms this year, with experts anticipating further gains. Strategists attribute the market’s strong performance to its cheap valuations, high positive real rates,…
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Govt cuts proposed PSDP down to size | The Express Tribune
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[ad_1] ISLAMABAD: Hours before its approval by the National Assembly, the government has decided to cut the proposed Public Sector Development Programme (PSDP) of Rs1.4 trillion by Rs250 billion in a bid to create fiscal space for withdrawing some taxes without jeopardising the expected International Monetary Fund (IMF) deal. Government sources told The Express Tribune…
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PSO to fund $1.5-2 billion investment with debt | The Express Tribune
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[ad_1] KARACHI: Pakistan State Oil (PSO) has announced plans to raise foreign debt to finance a significant portion of its planned $1.5-2 billion investment in Pakistan Refinery Limited (PRL). Meanwhile, its receivables have surged to Rs810 billion, largely due to circular debt, including late payment surcharges. At an analyst briefing on the financial accounts for…
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LPG jacked up by Rs50 per KG | The Express Tribune
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[ad_1] The price of liquefied petroleum gas (LPG) has increased by Rs50 per kilogramme, according to Irfan Khokhar, Chairman of the LPG Distributors Association. Khokhar accused LPG marketing companies and plant operators of defying government-set prices and selling LPG at inflated rates. He stated that the black marketing by LPG companies is rampant, with no…
