Express
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100-day agenda for new govt | The Express Tribune
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[ad_1] ISLAMABAD: It is natural that citizens and voters build up expectations from a new government to deliver them relief. A newly elected government, which will hopefully take the reins soon in Islamabad, will also be under pressure to make such announcements, which can earn them acceptability. A new government is often expected to announce…
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Gauging caretaker govt’s economic impact | The Express Tribune
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[ad_1] KARACHI: Election fever has receded now as two-family dynasties take control of the new government. What happens to economic policymaking remains to be seen until the announcement of the finance minister, energy/power minister, the International Monetary Fund (IMF)’s new programme and the budget announcement(s). The ever-empowered outgoing caretakers did take good care of the…
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Business leaders urge deferral of ALR | The Express Tribune
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[ad_1] Business leaders pointed out that transporters who will be worst affected will be the small owners of 10-wheelers and 14-wheelers, constituting about 60% of the trucking fleet of Pakistan – mostly family owned. photo: file KARACHI: Business leaders have called for deferring the Axle Load Regime (ALR) and its gradual implementation, cautioning that the…
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Block cheap Chinese auto imports, say US makers | The Express Tribune
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[ad_1] WASHINGTON: The US government should block the import of low-cost Chinese autos and parts from Mexico, a US manufacturing advocacy group said on Friday, warning they could threaten the viability of American car companies. “The introduction of cheap Chinese autos – which are so inexpensive because they are backed with the power and funding…
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New govt hopes spur stock market | The Express Tribune
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[ad_1] PSX ‘switched off’ trading terminals of one brokerage house for violating NCB rules. PHOTO: FILE KARACHI: Pakistan Stock Exchange (PSX) surged nearly 3,000 points in the outgoing week in a rally spurred by an agreement among major political parties to form a coalition government, which largely addressed the political instability that had prevailed since…
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Govt gets only $9.2b in foreign loans | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan received a little over $9 billion in foreign loans during the first seven months of the current fiscal year, an amount that was barely enough to meet its financing needs and could not take foreign exchange reserves into double digits. The Economic Affairs Division on Friday reported the latest disbursement figures for…
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Businessmen fear hefty job losses | The Express Tribune
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[ad_1] KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh, while expressing deep concern over the rising cost of doing business due to unbearable energy tariffs, has voiced fears that the day is not far when thousands of jobless people will take to the streets to protest against the government’s policies. Without…
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Inflation spikes on food, energy costs | The Express Tribune
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[ad_1] KARACHI: The weekly inflation reading ticked up 0.04% due to a hike in food and energy prices in the week ending February 22, ending the downturn recorded in the past three consecutive weeks. According to Pakistan Bureau of Statistics’ (PBS) data, the inflation reading decelerated to a 13-week low at 30.68% for the week…
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Govt approves work on Pakistan section of IP gas pipeline project | The Express Tribune
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[ad_1] ISLAMABAD: The Cabinet Committee on Energy (CCoE) granted approval on Friday for the initiation of work on the 80-kilometer segment of the Iran-Pakistan (IP) gas pipeline project within the country. According to a press release, the committee, acting on a recommendation from the Petroleum Division, has endorsed the commencement of the project, starting from…
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Pakistan eyes $20b in trade with Saudi Arabia | The Express Tribune
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[ad_1] ISLAMABAD: Observing that the current trade volume falls short of expectations, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz said that Pakistan aims to lift bilateral trade with Saudi Arabia upto $20 billion. Addressing the Pakistan-Saudi Business Forum in Riyadh on Thursday, the minister said that legislation would be enacted to promote bilateral…
