Express
-
Malaysia buys more rice, frozen food | The Express Tribune
.
[ad_1] KARACHI: Malaysian Consul General Herman Hardynata bin Ahmad has said although trade with Pakistan is largely in favour of Malaysia, Pakistan’s share is improving as Kuala Lumpur has increased purchases of rice and frozen food. “Malaysia’s exports to Pakistan mainly comprise palm oil, but we are unable to completely meet the South Asian nation’s…
-
PIA debt burden shifted to taxpayers | The Express Tribune
.
[ad_1] ISLAMABAD: The government and commercial banks have agreed on a Rs268 billion debt restructuring plan for Pakistan International Airlines (PIA). This move, while shifting the burden of PIA’s inefficiency onto taxpayers, removes an irritant in its privatisation. The Ministry of Finance, abandoning its previous stance of not incorporating PIA debt into public debt, now…
-
Industrialists urge customised financing, infrastructure overhaul | The Express Tribune
.
[ad_1] KARACHI: Leading industrialists have presented proposals to bolster the national economy to the upcoming government. Their recommendations include introducing a customised low-cost financing scheme, evolving an urban and consistent industrial policy, revamping crumbling road infrastructure, and implementing a one-window operation, among other initiatives. Speaking to the Express Tribune about expectations from the upcoming elected…
-
FBR misses monthly target by 1.3% | The Express Tribune
.
[ad_1] ISLAMABAD: Sustained performance in income tax collection, coupled with a better show in previous months, has enabled the Federal Board of Revenue to achieve its seven-month target of Rs5.12 trillion. However, for the first time in this fiscal year, the monthly target was missed by Rs9 billion or 1.3%. Under an arrangement with the…
-
Inflation to stay at 28.5% despite ‘economic stabilisation’ | The Express Tribune
.
[ad_1] ISLAMABAD: Two days after the central bank elevated its inflation forecast, the federal government on Wednesday significantly upwardly revised its projection, stating that inflation may remain around 28.5% in January due to food supply shocks. In its flagship monthly economic outlook report, the finance ministry anticipates inflation to be around 27.5%-28.5% in January, a…
-
NEPRA mulls record Rs5.62/unit hike in electricity prices | The Express Tribune
.
[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has deferred its decision regarding the request from power distribution companies (DISCOs) to raise the electricity price by Rs5.6194 per unit, citing fuel charges adjustment (FCA) for December 2023. Earlier, the Central Power Purchasing Agency (CPPA), at the behest of DISCOs, submitted an application to NEPRA…
-
Political, security fears drive PSX down | The Express Tribune
.
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) continued its losing streak on Tuesday as it dropped over 900 points owing to growing concerns over political noise and security challenges ahead of elections in the country. Despite the beginning of trading on a promising note, marked by the intra-day high of 63,074.51 points, the KSE-100 index was…
-
IMF says global ‘soft landing’ in sight | The Express Tribune
.
[ad_1] WASHINGTON/JOHANNESBURG: The International Monetary Fund (IMF) on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the US and China – the world’s two largest economies – and citing faster-than-expected easing of inflation. The IMF’s Chief Economist, Pierre-Olivier Gourinchas said, “The global economy continues to display remarkable resilience, with…
-
Govt likely to increase fuel price | The Express Tribune
.
[ad_1] ISLAMABAD: In a potential blow to consumers, the interim government is considering raising petrol prices by Rs8 to Rs11 per litre, effective from February 1, 2024, depending on the exchange rate adjustments. High-Speed Diesel (HSD) prices are also anticipated to increase by Rs2 to Rs7 per litre during the upcoming fortnight, beginning January 1,…
-
PSX plummets over 900 points | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a sharp decline, plummeting over 900 points during the trading session after former prime minister Imran Khan and his close aide, ex-foreign minister Shah Mahmood Qureshi, were both sentenced to 10 years in jail in the cypher case. Market analysts attributed the panic selling to…
