Express
-
Navigating trade in the new year | The Express Tribune
.
[ad_1] KARACHI: Year 2023 was challenging for Pakistan. The inflation rate skyrocketed to almost 30%, while the real GDP growth rate, as reported by the International Monetary Fund’s World Economic Outlook Database, was -0.5% in 2023. It was the only time, apart from the Covid-19 impacted 2020, that Pakistan reported negative growth in GDP in…
-
Transforming textile value chain | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan’s Textile Value Chain (TVC), a cornerstone of the economy, is undergoing a transformative journey. As the nation’s largest and oldest manufacturing industry, it plays a crucial role in sustained exports and GDP contribution, aligning with global trends for accountability and business optimisation. Despite textiles being a major player in Pakistan’s economy, a…
-
PEOC explores industry resilience | The Express Tribune
.
[ad_1] KARACHI: National and international speakers have highlighted that consumer countries, such as Pakistan, grapple with significant economic challenges, including high inflation, currency volatility, and geopolitical tensions in the Black Sea and the Middle East. These observations surfaced during the “6th Pakistan Edible Oil Conference (PEOC)” held at a local hotel on Saturday. Discussing market…
-
Rs85b tax collected from non-filers | The Express Tribune
.
[ad_1] ISLAMABAD: Tax authorities have collected Rs85 billion in six months on account of cash withdrawals and electricity consumption by non-filers of income tax returns, indicating that law violators are mostly concentrated in the two biggest urban centres – Karachi and Lahore. Out of the Rs85 billion collected from non-filers under just two heads, nearly…
-
Petroleum prices likely to go down | The Express Tribune
.
[ad_1] ISLAMABAD: The interim government is likely to announce a modest reduction in ex-depot prices of all petroleum products, potentially lowering them by up to Rs5.50 per litre effective Jan 16, as per the current tax rates. According to an estimate, petrol prices could witness a significant drop of Rs5.50 per litre in the second…
-
Farmers denied urea subsidy benefit | The Express Tribune
.
[ad_1] ISLAMABAD: The cabinet has aired serious concerns over alleged fleecing of farmers by fertiliser manufacturers despite getting heavy subsidy on gas supply. According to sources, the cabinet in a recent meeting noted that a high subsidy was being given to fertiliser companies, but its impact was not being passed on to farmers, who were…
-
KCCI decries 191% surge in gas tariffs | The Express Tribune
.
[ad_1] KARACHI: Karachi Chamber of Commerce and Industry (KCCI), President, Iftikhar Ahmed Sheikh has expressed concerns over the significant surge in industrial gas tariffs under the caretaker setup. Since August 2023, the tariff has risen by 118%, escalating from Rs1,100 per mmBtu to Rs2,400 per mmBtu. Additionally, an extra 40% RLNG cost has been imposed,…
-
Govt set to pay $27.5b debt by Nov | The Express Tribune
.
[ad_1] KARACHI: The central bank has reported that Pakistan has to pay $27.47 billion in foreign debt and interest cost over one year till the end of November 2024 and arrangements have already been made to pay a large proportion of the debt under the IMF loan programme. Talking to The Express Tribune, Optimus Capital…
-
$3b export orders expected at Heimtextil fair | The Express Tribune
.
[ad_1] FRANKFURT: The ongoing Heimtextil 2024 exhibition has placed Pakistani home textile products at the forefront of global interest as international buyers look keen to buy these goods. Pakistani consulate in Frankfurt has expressed satisfaction with the enthusiastic response, anticipating significant export orders for Pakistan. Consul General of Pakistan Zahid Hussain, while highlighting the pivotal…
-
IT minister announces official policy for 10,000 e-job centres | The Express Tribune
.
[ad_1] ISLAMABAD: The caretaker minister for IT and Telecom announced the official policy on Wednesday to establish approximately 10,000 e-job centres across the country, catering to freelancers who often lack a proper workplace. Dr Umar Saif stated in a Twitter post that there are about 1.5 million freelancers regularly working in Pakistan. He emphasised that…
