govt
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PSX drops by over 1,000 points due to govt inaction | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) dropped by over 1,000 points immediately after opening on Monday as the government’s inaction over the growing economic crisis mounted selling pressure on the bourse. After the 2.4% drop, the PSX benchmark KSE-100 Index declined to a two-month low at 42,443 points at around 10:22 am. Finance Minister Miftah Ismail announced on Sunday…
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Govt not increasing petrol prices ‘for now’: Miftah | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Miftah Ismail on Sunday dismissed speculations regarding an increase in the prices of petroleum products, saying the government led by Prime Minister Shehbaz Sharif has no immediate plans to hike the fuel prices. Addressing a press conference in Islamabad, the finance minister admitted that the government was in a ‘doomed if…
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Govt plans Rs800b PSDP | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance on Saturday agreed, in principle, to allocate Rs800 billion for the Public Sector Development Programme (PSDP) in the next fiscal year, as the Ministry of Planning seeks to cut the number of ongoing schemes by up to 90% due to the fast-shrinking fiscal space. The decision to increase development…
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Govt to give fertiliser subsidy directly to farmers | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to pay fertiliser subsidy directly to farmers through the Ministry of National Food Security and provincial governments in an effort to reduce prices, which have skyrocketed and led to less-than-required consumption. Di-ammonium phosphate (DAP) prices have crossed Rs10,000 per bag, dealing a major blow to the farmers. In order…
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Govt to address tractor industry woes | The Express Tribune
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[ad_1] LAHORE: Federal Minister for Industries and Production Syed Murtaza Mahmud Monday promised to discuss the issues being faced by the tractor industry with relevant ministries so as to resolve them at the earliest. He held a meeting with Millat Group Chairman Sikander Mustafa Khan, Chief Executive Officer Irfan Aqueel and senior directors at the…
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Refineries pin hope on new govt | The Express Tribune
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[ad_1] ISLAMABAD: As a new oil refining policy could not be finalised for a couple of years during the tenure of Pakistan Tehreeke-Insaf (PTI) government, the oil refineries are now looking at the new government, hoping it will make swift headway and approve the much-awaited policy. This will pave the way for boosting oil refinery…
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Govt asked to develop strategy to avoid loans | The Express Tribune
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[ad_1] ISLAMABAD: The key focus of the government should be on evolving a new strategy to utilise indigenous resources and get rid of IMF loans to run the economy, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. In a statement on Friday, he underlined that tough conditions of the International Monetary…
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‘Govt incurs Rs102 billion loss every month due to petrol prices’ | The Express Tribune
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[ad_1] KARACHI: Finance Minister Miftah Ismail claimed on Thursday that the federal government incurs a loss of Rs102 billion monthly due to the current petroleum prices, stating that the terms of Imran Khan’s International Monetary Fund (IMF) agreement stipulated a price of Rs245 per litre of petrol. In conversation with the media in Karachi, the…
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Govt will try to maintain petroleum prices, says Miftah | The Express Tribune
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[ad_1] KARACHI: Finance Minister Miftah Ismail on Thursday announced that the incumbent government would strive to maintain current petrol prices, adding that if rates are increased, no new taxes would be imposed. In conversation with the media in Karachi, the minister harshly criticized former prime minister Imran Khan’s polices stating that the terms of the previous International…
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PML-N govt ‘decides against’ extending tenure of SBP governor | The Express Tribune
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[ad_1] ISLAMABAD: The PML-N-led coalition government has apparently decided against extending tenure of State Bank of Pakistan (SBP) Governor Reza Baqir as Finance Minister Miftah Ismail thanked the former for his services to the country on Tuesday. “Tomorrow Governor SBP Dr Reza Baquir’s 3-year [term] expires. I have spoken to him and told him of the…
