Express
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Traders ride Chinese county’s boom | The Express Tribune
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[ad_1] BEIJING: More Pakistani traders are settling in the Tashikurgan Tajik autonomous county of Kashgar in China’s Xinjiang Uygur autonomous region to tap the business potential. As the county is close to their homes, they said it was easy to commute and interact with the local community. A booming tourism is benefitting their businesses. Pakistani…
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Rupee hits over two-month high against dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency resumed its uptrend on Wednesday after taking a breather for a day, hitting over two-month high at slightly above Rs281.50 against the US dollar in the inter-bank market. The uptick stemmed from a reduction in demand for the foreign currency and an increase in its supply in the banking network. According…
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‘Not a single issue addressed’ | The Express Tribune
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[ad_1] KARACHI: Despite the formation of a coordination committee two months ago and assurances from the caretaker government, business leaders in Hyderabad lament that not a single issue affecting the city’s business community has been addressed. They highlight that Site Hyderabad, facing neglect for over two decades, is grappling with numerous issues affecting industrialists and…
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Stocks slip over high inflation reading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Tuesday experienced a downturn, following a highly bullish session a day ago, primarily owing to dismal data revealing that the Consumer Price Index (CPI) surged to 29.7% year-on-year (YoY) in December 2023. In the morning, the trading session began on a robust note, touching intra-day high at 65,333.69…
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HEC handed over to successful buyer | The Express Tribune
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[ad_1] ISLAMABAD: After nearly two years of successful bidding, the Privatisation Commission officially handed over the Heavy Electrical Complex (HEC) to the buyer, IMS Engineering (Pvt) Ltd, on Tuesday. The state-owned company was sold in February 2022 for Rs1.4 billion to IMS Engineering, marking the sole privatisation transaction during the Pakistan Tehreek-e-Insaf (PTI) tenure. HEC,…
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PM orders crackdown against fertiliser hoarders | The Express Tribune
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[ad_1] KARACHI: Caretaker Prime Minister Anwaarul Haq Kakar has directed authorities concerned to launch a crackdown against fertiliser hoarders, smugglers, and profiteers, stating that there is enough stock of urea available for the current wheat season in the country. In a statement from the PM Office Media Wing by APP, the Press Information Department (PID),…
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Kinnow exports projected to decline by 50% | The Express Tribune
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[ad_1] KARACHI: The Kinnow industry is on the verge of collapse, with a projected 50% decline in exports and the closure of 50% of processing plants, warn leading exporters. Sharing a plethora of reasons with The Express Tribune, they highlight issues such as a shorter shelf life for Kinnow, lack of resistance to diseases, low-quality…
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Govt keeps prices of petrol, diesel unchanged for fortnight | The Express Tribune
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[ad_1] ISLAMABAD: In a move reflective of the economic stability envisioned by the caretaker government, prices of diesel and petrol will remain unchanged during the fortnight commencing January 1, 2024. This decision aligns with the recommendations of the Oil and Gas Regulatory Authority (OGRA), providing a sense of consistency in fuel costs for consumers. As…
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Economic revival, CPEC and Agenda 2047 – III | The Express Tribune
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[ad_1] ISLAMABAD: Provincial tax systems and legal requirements further exacerbate the situation. The lack of harmonisation in provinces’ tax policies is one of the biggest bottlenecks to attracting foreign direct investment. Inconsistency is another issue in taxation policy, impacting the business community’s trust. The most concerning aspect of the system is that it consumes the…
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PIA privatisation not the only option | The Express Tribune
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[ad_1] ISLAMABAD: PIA, with cumulative losses of Rs750 billion, is finally on its death bed. What else better reflects our approach than the fact that an ex-bureaucrat has been tasked to supervise its last rites as the privatisation minister. This is despite the fact that it has reached this stage mostly because of the non-professional…
