Express
-
Govt unveils plan to cut rising production costs | The Express Tribune
.
[ad_1] LAHORE: Federal Minister for Commerce Jam Kamal Khan stated that the government has devised a comprehensive strategy to address the rising production costs and promote the manufacturing sector in Pakistan. Speaking to the business community at the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday, Khan stressed the importance of a conducive business…
-
Is net metering really hurting Discos? | The Express Tribune
.
[ad_1] ISLAMABAD: The notion that ending the net metering policy is necessary is a myth propagated by the power distribution companies (Discos) with the backing from the Ministry of Energy. This move appears to be an attempt to maintain their monopoly over power supply. Additionally, it seems aimed at safeguarding independent power producers (IPPs) who…
-
Investors favour risk-free funds | The Express Tribune
.
[ad_1] KARACHI: Most investors have parked their savings in risk-free money market and income funds through mutual fund companies, keeping their investment notably low in the riskier Pakistan Stock Exchange (PSX). This is despite the fact that the bourse has outperformed all assets, offering a historically high return on investment of 90% in the first…
-
Oil, gas sector irregularities unearthed | The Express Tribune
.
[ad_1] The Auditor General of Pakistan (AGP) has discovered numerous deviations from rules and policies by the Director General Petroleum Concession (DGPC) in dealings with oil and gas exploration companies, which have resulted in substantial losses to the national exchequer. The auditors stated that an examination of annual data on oil and gas production over…
-
Parts’ makers seek 10-year EV plan | The Express Tribune
.
[ad_1] LAHORE: Automotive parts and accessories manufacturers have urged the government to take essential measures in the upcoming budget to rescue the struggling auto parts industry, which supports millions of families across the nation. In its budget proposals submitted to the government, Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) called on the government…
-
‘Riding two horses at once’: Pakistan seeks UK advice for economic plan | The Express Tribune
.
[ad_1] ISLAMABAD: As the United Kingdom government starts advising Pakistan to develop a “home-grown” economic plan, confusion persists in official circles about the prime minister’s move to outsource the planning when the script of a new International Monetary Fund (IMF) programme has already been finalised. Stefan Dercon, the policy advisor of the Foreign Commonwealth and…
-
Pakistan’s fiscal policy at a crossroads | The Express Tribune
.
[ad_1] ISLAMABAD: Fiscal policy in Pakistan is usually far from a fine balancing act and is more of a reckless feat. It has long been marked by a contentious debate between austerity and stimulus measures – with the government oscillating between these two approaches, often thoughtlessly. Thanks to these policies, the past three years have…
-
Bridging economies: benefits of Islamic finance for CPEC | The Express Tribune
.
[ad_1] KARACHI: The China-Pakistan Economic Corridor (CPEC) stands as a testament to the evolving landscape of international trade and economic cooperation. Spanning infrastructure projects, energy ventures, and economic zones, CPEC aims to bolster connectivity and development between China and Pakistan, while also potentially benefiting neighbouring regions. It is predicted that CPEC will result in the…
-
Envoy invites foreign firms to invest in tech zones | The Express Tribune
.
[ad_1] BEIJING: Pakistan’s Ambassador to China Khalil Hashmi briefed Chinese and international enterprises and entrepreneurs about the lucrative incentives being offered by Islamabad and invited them to invest in the National Aerospace Science and Technology Parks as well as in the thriving unmanned aerial vehicle (UAV) sector. Speaking at the opening ceremony of the 8th…
-
PSX cheers IMF loan, UAE investment | The Express Tribune
.
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) enjoyed a bullish week and ended at a record high just short of 76,000 points as investor interest was bolstered by several positive triggers including loan talks with the International Monetary Fund (IMF), pre-budget speculation and assurances of massive investments by the United Arab Emirates (UAE). The market’s bull-run…
