Express
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SBP unveils fourth strategic plan | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) on Friday launched its fourth five-year strategic plan titled “SBP Vision 2028”, aimed at ensuring financial stability and sustainable economic growth through navigating new challenges and capitalising on opportunities including climate change, rapid digital innovations, disruptions and cyber security threats. The strategic plan covering the period 2023-28…
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PSA joins govt for 60% renewable vision by 2030 | The Express Tribune
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[ad_1] LAHORE: The Pakistan Solar Association (PSA) has pledged its commitment to collaborate with the government of Pakistan to achieve the ambitious goal of generating 60% renewable electricity by 2030. The announcement was made by PSA Chairman Amir Chaudhry at the ‘Lets Grow Together’ event on Friday. Chaudhry expressed the association’s excitement, emphasising the importance…
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Action plan in place for FBR restructuring | The Express Tribune
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[ad_1] KARACHI: The caretaker government has developed an action plan to restructure the Federal Board of Revenue (FBR) by separating Customs from the revenue collection function. In her online address at the concluding session of the two-day conference titled “The Future Summit – The Big Picture”, organised by the Nutshell Group, Caretaker Federal Minister for…
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PSX to auction T-bills, PIBs from next month | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) is all set to facilitate the auction of government debt securities (GDS) like T-bills and Pakistan Investment Bonds (PIBs) and allow the general public to invest in these products smoothly. Briefing media on the planned launch of its GDS platform next month, PSX MD and CEO Farrukh H Khan…
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Rupee recovers against USD as PSX crosses 57,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) surpassed the milestone of 57,000 points, hitting a new all-time high during early trading hours on Thursday following the staff-level approval by the International Monetary Fund (IMF) for a loan tranche of $700 million. The successful completion of the first IMF review of the domestic economy also helped…
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Troubled LSM industry records modest growth | The Express Tribune
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[ad_1] ISLAMABAD: The output of big industries marginally increased by less than 1% during the first quarter of this fiscal year, as the industrial sector continuously suffered from high-interest rates and overall unfavourable business conditions. The Pakistan Bureau of Statistics (PBS) on Wednesday released figures for Large-Scale Manufacturing (LSM) industries that also showed that the…
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Govt reduces petrol price by Rs2.04, HSD by Rs6.47 per litre | The Express Tribune
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[ad_1] The federal caretaker government has reduced the prices of petroleum products on Wednesday, providing much-needed relief to the people who have borne the brunt of a challenging economic crisis since mid-2022. According to a notification issued by the Finance Division, the price of petrol has been reduced by Rs2.04 whereas the tariff of high-speed…
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Pakistan set to receive $700m from IMF after bailout review | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Wednesday announced a staff-level agreement with Pakistan on the completion of the first review of the $3 billion bailout package after Islamabad assured it of refraining from intervening in the currency market and continuing on the path of fiscal consolidation. In a statement issued after the end…
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Businessmen call for SIFC-CPEC collaboration | The Express Tribune
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[ad_1] In a resounding endorsement, business leaders and market analysts are hailing the recently established Special Investment Facilitation Council (SIFC) as a crucial necessity during these challenging times. “The SIFC is a necessity of the time as it includes all local stakeholders, such as the civil-military forum, trade bodies, businesspeople, bureaucrats, politicians, and others. It…
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Rs22.92b burden may be passed on to power users | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday indicated that it would allow the ex-Wapda distribution companies (XWDISCOs) as well as K-Electric (KE) to transfer the burden of Rs22.92 billion to their consumers on account of the adjustment for the first quarter of the fiscal year 2023-24 The regulator conducted a public…
