Express
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Pakistan to get $107m SFD loan for two hydro projects | The Express Tribune
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[ad_1] ISLAMABAD: The Saudi Fund for Development (SFD) has signed two loan agreements to the tune of $107 million with Pakistan for hydropower projects in Azad Jammu and Kashmir (AJK). A visiting SFD delegation called on Economic Affairs Minister Ahad Khan Cheema in Islamabad. Later, Economic Affairs Division Secretary Dr Kazim Niaz and SFD CEO…
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Experts urge cybersecurity focus | The Express Tribune
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[ad_1] KARACHI: IT analysts and experts have said that strengthening the cybersecurity landscape may help boost IT businesses and exports, while also deploying a host of tools and technologies in lawful interception. The government can leverage smart city concepts and employ AI-powered surveillance systems which accurately identify individuals of interest, track suspects, and classify suspicious…
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Rupee surges to new five-month high at Rs278.14/$ | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency reached a new five-month high at Rs278.14 against the US dollar in the interbank market, continuing its winning streak for the seventh consecutive working day, driven by persistent improvements in the country’s foreign exchange reserves. Market discussions suggest that the rupee received further support against the greenback following Finance Minister…
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CCP finishes Telenor merger review | The Express Tribune
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[ad_1] ISLAMABAD: The Competition Commission of Pakistan (CCP) has almost completed the first phase review of a merger under which Pakistan Telecommunication Company Limited (PTCL) is taking over operations of Telenor Pakistan. It is likely to finalise a report by next week. Sources said that different teams of the CCP had obtained almost all the…
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Pakistan to discuss Extended Fund Facility with IMF next month | The Express Tribune
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[ad_1] ISLAMABAD: The matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month, Finance Minister Muhammad Aurangzeb said on Friday, as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires on April 11, and the…
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PM takes charge of FBR overhaul | The Express Tribune
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[ad_1] Prime Minister Shehbaz Sharif has decided to lead the reform process in the Federal Board of Revenue (FBR) himself amid the startling revelation that over 80% of bank accounts in Pakistan are not declared to the tax authorities. The prime minister has appointed himself as the chairman of the Steering Committee, which will oversee…
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Pakistan seeks investment, not loans | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has asked friendly countries that Pakistan needs the injection of critical investment in different projects, instead of loans that add to its debt burden, to rejuvenate the faltering economy. Addressing members of the cabinet at a meeting last week, the premier appreciated the Special Investment Facilitation Council (SIFC), observing…
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Govt pushes for climate financing at UN | The Express Tribune
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[ad_1] LAHORE: Pakistan has underscored the critical importance of accelerating progress towards sustainable energy goals at a meeting of a United Nations-based panel on the subject. In his closing remarks at the meeting of ‘Group of Friends for Sustainable Energy,’ Ambassador Munir Akram also said that concessional climate financing was critical for developing countries’ transition…
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Tax policies to support investment sought | The Express Tribune
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[ad_1] LAHORE: Lahore Tax Bar Association (LTBA) newly elected President Shahbaz Siddique has pledged to implement a series of initiatives aimed at promoting strong and mutually beneficial cooperation between Pakistan and China in the field of taxation. Recognising the importance of collaboration between the two countries, he aims to leverage this partnership to drive economic…
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French watchdog fines Google €250m | The Express Tribune
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[ad_1] PARIS: France’s competition watchdog on Wednesday said it fined Alphabet’s Google 250 million euros ($271.73 million) for breaches linked to EU intellectual property rules in its relationship with media publishers, citing concerns about the company’s AI service. The watchdog said Google’s AI-powered chatbot Bard – since rebranded under the name Gemini – was trained…
