Express
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PASSCO seeks more credit than wheat cost | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance has raised objections to the cash credit limit sought by Pakistan Agricultural Storage and Services Corporation (Passco), which is higher than the cost of wheat to be procured from farmers. The Economic Coordination Committee (ECC) has recently approved a cash credit limit of Rs169 billion for Passco and has…
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PMDC to export pink salt to US firm | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Mineral Development Corporation (PMDC) has initiated an agreement execution process with an American company for the export of pink salt, marking a significant step towards leveraging the country’s mineral potential. The establishment of the Mines and Minerals Division at the federal level underscores the commitment to harnessing the mining sector’s capabilities, PTV…
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OGDCL plans to drill 80 wells for tight gas | The Express Tribune
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[ad_1] ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has launched efforts to explore tight gas under the new Tight Gas Policy 2024 by targeting to drill up to 80 wells in the country. OGDCL on Monday announced its first discovery of tight gas in Sindh under the new policy. The giant oil and gas…
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China minister launches Europe trip | The Express Tribune
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[ad_1] PARIS/ BEIJING: China’s commerce minister began a trip to Europe by telling his nation’s top carmakers that US and European assertions of Chinese excess EV capacity were baseless and that innovation and “perfect” supply chains were behind their performance. Wang Wentao held a roundtable meeting in Paris on Sunday with representatives of 10 Chinese…
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PSX surges to all-time high, crosses 69,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high of 69,711 points on Monday, surging by 1.9% to continue its record-breaking spree on the second working day. The market has maintained its momentum over economic optimism in the wake of Prime Minister Shehbaz Sharif’s maiden visit to Saudi Arabia and Finance Minister Muhammad Aurangzeb’s preparations…
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Iran-Pakistan pipeline: a much-needed lifeline | The Express Tribune
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[ad_1] KARACHI: Calling the energy crisis in Pakistan the mother of all crises is not an exaggeration by any stretch. I have iterated the deteriorating effect of the crisis on all factions of society in previous articles as ignoring this elephant in the room is not something we, as a nation, can afford anymore. At…
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Adopting technology to tackle crimes | The Express Tribune
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[ad_1] KARACHI: The implementation of the five-phase fully fledged Karachi Safe City (KSC) project worth Rs36 billion could tackle 90% of crimes in the port city as the adoption of technology is unavoidable for eliminating street crimes while making the city safe for businesses and investments, according to top officials and business leaders. The KSC…
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Rs48b sought for CPEC energy debt | The Express Tribune
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[ad_1] ISLAMABAD: The energy ministry has requested Rs48 billion in funds from the government to clear the dues of energy projects of the China-Pakistan Economic Corridor (CPEC). However, this sum will not be sufficient to clear the backlog, which has already reached Rs487 billion. The energy ministry made this request for funds as part of…
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Tesla scraps low-cost car plans | The Express Tribune
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[ad_1] SAN FRANCISCO: Tesla has cancelled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters. The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said. The decision…
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Soaring debt pile worries industrialists | The Express Tribune
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[ad_1] KARACHI: Eminent industrialists have expressed serious concern about the ballooning debt burden of the country without any consistent economic policy, saying the government should work to promote local brands instead of asking for loans. They urged the newly elected government to work seriously and sincerely in the larger interest of the countrymen. In this…
