Express
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Another power tariff hike in offing | The Express Tribune
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[ad_1] ISLAMABAD: Electricity consumers may need to brace for another jolt as power distribution companies have proposed a tariff increase of up to Rs3.48 per unit. The companies have requested permission from the National Electric Power Regulatory Authority (NEPRA) to collect an additional Rs3.488 per unit from consumers under the fuel charges adjustment (FCA) for…
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PM forms new committee to end inter-ministerial dispute | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has constituted yet another committee, this time to end an inter-ministerial dispute, as neither the planning ministry nor the finance ministry are willing to take ownership of 100 provincial nature schemes with a cumulative cost of Rs573 billion. The dispute arose just days before the approval of the fiscal…
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Is US-China trade war sustainable? | The Express Tribune
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[ad_1] KARACHI: The new tariffs regime on Chinese-made electric cars, solar panels, steel, and other goods, being escalated by US President Joe Biden, could potentially have profound effects on the US economy and its citizens. According to the White House, measures were implemented to safeguard US jobs, though China’s potential reactions to these increases remain…
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Controversy over net metering financial rules | The Express Tribune
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[ad_1] ISLAMABAD: Net metering (solar photovoltaic – PV) is a hot topic these days having invited a lot of attention and even controversy. The government wants to change mostly the financial rules, while the net metering users would like to continue with the existing rules. Undoubtedly, attractive incentives have been given in many countries for…
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Propelling the ICT sector via imports of IT products | The Express Tribune
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[ad_1] KARACHI: The information, communication and technology (ICT) sector is often hailed as the engine of export growth amongst all the services sectors. The ICT sector generated $2 billion worth of exports in the first eight months of FY24, which is approximately 15% higher than the amount generated in the first eight months of the…
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PM forms Punjab-dominated EAC | The Express Tribune
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[ad_1] Prime Minister Shehbaz Sharif has constituted a new Economic Advisory Council (EAC), dominated by people from Punjab as well as industrialists, and also brought Jahangir Khan Tareen back into power corridors months after his retirement from active politics. The council lacks representation from all provinces and major sectors of the economy and is composed…
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Oil gains 1% on hopes of firmer demand | The Express Tribune
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[ad_1] NEW YORK: Oil prices settled about 1% higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the world’s top two oil consumers – China and the US – bolstered hopes for higher demand. Brent settled 71 cents, or 0.9%, higher at $83.98 a…
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Civil servants may get up to 15% salary raise | The Express Tribune
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[ad_1] A 10% to 15% increase in the salaries of government employees is expected in the federal budget for the fiscal year 2024-25. The federal government is also likely to hike the pensions of retired employees by 10%. Besides, a proposal to increase the Employees' Old-Age Benefits Institution (EOBI) funds is also under consideration. Read:Punjab…
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Rupee bounces back on rise in reserves | The Express Tribune
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[ad_1] KARACHI: Pakistani currency regained Rs0.19 on Friday and closed at Rs278.21 against the US dollar in the inter-bank market following a surge in the central bank’s foreign exchange reserves to a two-year high above $9 billion. According to the State Bank of Pakistan’s (SBP) data, the rupee had closed at a two-week low of…
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UN projects Pakistan’s economy to grow by 2% in 2024 | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan, which faces significant economic challenges, is expected to have “modest economic growth,” with its Gross Domestic Product (GDP) projected to expand by 2 per cent in 2024, according to a United Nations report. Noting that Pakistan had entered into a Stand-by Arrangement with the International Monetary Fund (IMF) worth $3 billion, the…
