Express
-
MPs demand end to fertiliser subsidy | The Express Tribune
.
[ad_1] ISLAMABAD: While proposing a massive crackdown on the fertiliser mafia, members of parliament have proposed an end to the subsidy for urea manufacturers through setting uniform gas supply prices. A high-level committee, constituted by Prime Minister Shehbaz Sharif, met at the Ministry of National Food Security and Research on Friday to discuss the price…
-
Rupee rallies on talk of foreign investment | The Express Tribune
.
[ad_1] KARACHI: The Pakistani currency strengthened by Rs0.09, closing at a nearly one-week high of Rs278.21 against the US dollar in the inter-bank market. This uptrend continued for the second consecutive day, buoyed by reports of progress in talks aimed at attracting multibillion-dollar foreign investments from friendly countries. The State Bank of Pakistan (SBP) reported…
-
Traders demand new horticulture varieties | The Express Tribune
.
[ad_1] KARACHI: The All Pakistan Fruit and Vegetable Exporters and Importers Association (APFVEA), while presenting budget proposals for fiscal year 2024-25, has stressed the need for introducing new varieties of horticulture through extensive research and development (R&D) work. Sharing details with The Express Tribune, APFVEA Patron-in-Chief Waheed Ahmed said new varieties should be developed for…
-
Sindh vows to provide up to 100 units of free electricity | The Express Tribune
.
[ad_1] Sindh Energy Minister Syed Nasir Hussain Shah on Friday announced that the Sindh government plans to establish solar parks to contribute electricity to the national grid, saying that the initiative aims to provide free electricity for up to 100 units to consumers in the province. Shah emphasised that the Pakistan Peoples Party (PPP) will…
-
Govt diverts Rs70.5b to hydel projects | The Express Tribune
.
[ad_1] ISLAMABAD: The government on Thursday approved a multimillion-dollar compensation package for the Chinese nationals killed in a terrorist attack and diverted Rs70.5 billion worth of discretionary budget of Prime Minister Shehbaz Sharif and parliamentarians towards hydroelectric power schemes. The Economic Coordination Committee (ECC) of the cabinet, which took those decisions, approved an additional supplementary…
-
Rupee dips to one-month low | The Express Tribune
.
[ad_1] KARACHI: Pakistani currency hit a one-month low at Rs278.47 against the US dollar in the inter-bank market on Wednesday, extending its losing streak for the third consecutive day in the wake of higher demand for the greenback. According to the State Bank of Pakistan (SBP)’s data, the rupee ticked down Rs0.08 compared to Tuesday’s…
-
Investment plummets to 50-year low | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan’s investment ratio has plunged to its lowest level in 50 years, falling to just 13.1% of the size of the economy in the outgoing fiscal year, despite efforts by the Special Investment Facilitation Council (SIFC), according to figures approved by the National Accounts Committee (NAC). This half-century low investment-to-Gross Domestic Product (GDP)…
-
Excise duty structure fuels counterfeit cigarette use: report | The Express Tribune
.
[ad_1] ISLAMABAD: The current excise duty structure on tobacco products has led consumers to shift from legally compliant cigarette brands to illegal, tax-evaded ones, causing an estimated annual revenue loss of Rs310 billion for the national exchequer. Illicit cigarette brands now hold over 60% of the total market, as revealed in a report titled “Illicit…
-
Power production drops by 14% | The Express Tribune
.
[ad_1] KARACHI: Power production, in April, witnessed a staggering 14% decline, plummeting to 8,640 gigawatt-hours (GWh), attributed to a significant surge in electricity prices, a slowdown in industrial activities, and a notable migration of businesses and households towards solar power from the national grid, thus exacerbating the burden of capacity payment and circular debt on…
-
Tax sectors with higher GDP share: OICCI | The Express Tribune
.
[ad_1] LAHORE: Major overseas investors, in their taxation proposals for the upcoming budget for fiscal year 2024-25, have asked the federal government to consider taxing the untapped sectors which have a high potential and a huge share in the country’s gross domestic product (GDP). These sectors include immovable property, undocumented non-corporate businesses, transport and construction…
