Express
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Govt eyes major gas policy reforms | The Express Tribune
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[ad_1] ISLAMABAD: The interim government has decided to make major changes in Pakistan’s two gas exploration and production policies, aiming to reverse an exodus of foreign firms and lessen reliance on expensive imported fuels that have consumed more than $23 billion in less than a decade. A meeting of the Council of Common Interests, the…
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Remittances increase to $2.38 billion in December 2023 | The Express Tribune
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[ad_1] KARACHI: The inflow of workers’ remittances sent by overseas Pakistanis increased by 13% to $2.38 billion in December 2023 as funds were dispatched through official channels following the return of stability in the rupee-dollar parity and the crackdown against illegal currency networks. The improvement in the remittances is expected to fuel the ongoing gradual rally in the…
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$600m loan linked to IPP debt | The Express Tribune
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[ad_1] ISLAMABAD: Two Chinese commercial banks have linked their $600 million loans with the prior settlement of the debt that Pakistan owes to the Chinese power plants—a condition that Islamabad has refused to accept because of its implications on the budget and setting a wrong precedent. Government sources told The Express Tribune that the prospects…
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ECC okays up to 5% increase in urea prices | The Express Tribune
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[ad_1] ISLAMABAD: The government on Tuesday approved an increase of up to Rs171, or 5%, in urea prices to recover the cost of imported fertiliser after both the centre and provinces refused to bear the cost of subsidy. The arrangement was approved by the Economic Coordination Committee (ECC) of the cabinet after entering into an…
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$600m commercial loan linked to IPP debt | The Express Tribune
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[ad_1] ISLAMABAD: Two Chinese commercial banks have linked their $600 million loans with the prior settlement of the debt that Pakistan owes to the Chinese power plants—a condition that Islamabad has refused to accept because of its implications on the budget and setting a wrong precedent. Government sources told The Express Tribune that the prospects…
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Auto industry eyes 2024 recovery | The Express Tribune
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[ad_1] KARACHI: In 2023, the auto industry in Pakistan weathered a storm of economic and political challenges, leaving an indelible mark on both industry players and consumer sentiments. The Express Tribune delved into the intricate tapestry of this tumultuous year, marked by price fluctuations, repeated plant closures, and the ebb and flow of local and…
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A futuristic industrial policy | The Express Tribune
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[ad_1] SYDNEY: An Industrial Advisory Council, constituted by the federal government, is formulating the National Industrial Policy. The committee has articulated its vision of an export-led industrial development to take Pakistan’s exports to $100 billion within five years. An appraisal of Pakistan’s existing industrial architecture and its structural frailties, which have hamstrung economic development, is…
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Sleep walking into a climate apocalypse | The Express Tribune
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[ad_1] KARACHI: Living in London, I got into the wonderful routine of going out for a daily run; a habit I decided to retain upon returning to Pakistan last year. However, I soon discovered that this was as hazardous as smoking several packs of cigarettes a day. Karachi’s roads – as with most of Pakistan…
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What to expect in new year | The Express Tribune
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[ad_1] ISLAMABAD: Year 2023 was a roller-coaster period for Pakistan’s economy, marked by significant highs and lows. One of the highlights was the Pakistan Stock Exchange (PSX) that reached an unprecedented level of 68,131 points on December 11. This milestone represented not only a decade high but also positioned PSX as the top-performing global market…
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Integrating climate into education | The Express Tribune
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[ad_1] ISLAMABAD: Historically, climate education has often been sidelined, treated as a specialist subject, or relegated to extracurricular activities. However, COP28 underscored a vital aspect of our fight against climate change: integrating climate education into every facet of our learning systems, both formal and informal. President Dr Arif Alvi echoed the same sentiments while speaking…
