Express
-
Foreign bonds outperform peers | The Express Tribune
.
[ad_1] design: Ibrahim Yahya KARACHI: Pakistan’s US dollar-denominated Eurobonds and Sukuks staged an outstanding rally in global markets on Wednesday in the wake of ending the political deadlock over the formation of the government in the centre, outperforming emerging-market peers on the day. According to the data compiled and reported by JS Global Research, Pakistan’s…
-
Rupee rises amid political stability | The Express Tribune
.
[ad_1] PHOTO: REUTERS/FILE KARACHI: The Pakistani currency resumed its uptrend after a day of nominal losses, partially regaining to Rs279.50 against the US dollar in the interbank market on Wednesday amid the beginning of the end of the political crisis over the formation of the government in the centre. According to the State Bank of…
-
PSX soars as political gridlock breaks | The Express Tribune
.
[ad_1] A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. PHOTO: REUTERS KARACHI: The Pakistan Stock Exchange (PSX) bounced back on Wednesday, making a U-shaped recovery and erasing losses as the resolution of internal political concerns spurred investor interest following an agreement to form a government.…
-
Govt restructures gas priority for industrial growth | The Express Tribune
.
[ad_1] ISLAMABAD: The caretaker government has decided to change the gas priority order by placing the process industry at the top along with domestic consumers. It has also changed the priority order of the fertiliser sector by placing it in the second category along with the power sector. Earlier, the fertiliser industry was placed in…
-
PM highlights rich natural resources | The Express Tribune
.
[ad_1] The PM said Pakistan was not rich for its geostrategic location rather it was a geo-economic offer as the country sat on the Tethyan Belt of 2800sq km filled with immense mineral resources. Photo: afp ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar, on Tuesday, reassured the government’s all-out support to investors, underscoring that the…
-
Experts warn of impending food crisis | The Express Tribune
.
[ad_1] KARACHI: Food and agricultural experts have stressed that failing to take appropriate initiatives could severely impact the future generations of the country due to rising food shortages and malnutrition resulting from various factors. They highlighted that Pakistan is facing numerous challenges regarding food insecurity and malnutrition, which stem from issues such as poverty, limited…
-
Power generation drops 2.4% in Jan amid rising fuel costs | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s power generation dropped by 2.4% to 8,314 Gigawatt hours (GWh) in January 2024 due to low demand in the system during the winter month. However, the cost of the fuel component in the overall production surprisingly surged by 23% to Rs13.79 per unit due to increased reliance on expensive fuels like imported…
-
Work on IP pipeline to begin in Pakistan | The Express Tribune
.
[ad_1] design: Ibrahim Yahya ISLAMABAD: Islamabad has engaged Tehran by committing to complete the first phase of the 80-kilometer Iran-Pakistan (IP) gas pipeline project within Pakistan’s territory to avoid a looming $18 billion penalty. According to reports, Iran has granted an extension in the deadline of the IP gas pipeline project by 180 days until…
-
Industries at risk as energy costs surge | The Express Tribune
.
[ad_1] KARACHI: Rising gas and electricity tariffs threaten to shutter industries, drive up unemployment, and worsen inflation, lamented distressed industrialists. Speaking to The Express Tribune, President of the Federal B Area Association of Trade and Industry (FBATI), Syed Raza Hussain highlighted the impact of the gas tariff increase on small and medium-sized entrepreneurs already grappling…
-
PML-N choices for finance minister limited | The Express Tribune
.
[ad_1] PML-N supreme leader Nawaz Sharif addressing his supporters outside his Model Town residence in Lahore on Friday, February 9, 2024. SCREENGRAB ISLAMABAD: The Pakistan Muslim League-N has not yet finalised its choice for a new finance minister, as it faces a hard decision between appointing the highly experienced Ishaq Dar as the finance minister…
