Visa targets ten-fold increase in digital payment acceptance across Pakistan | The Express Tribune
KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining remittances […]
Kamala Harris to increase corporate tax if wins election, says her campaign
US Vice President Kamala Harris speaks during a campaign event at Westover High School in Fayetteville, North Carolina, on July 18, 2024. — AFP WASHINGTON: US Vice President Kamala Harris would raise the corporate tax rate to 28% from 21% if she wins a November 5 election against Republican rival Donald Trump, her campaign said […]
Finance Ministry reveals substantial debt increase over three-year period | The Express Tribune
ISLAMABAD: The Ministry of Finance has submitted details to the Senate regarding the increase in national debt over the past three years. According to the written response, the national debt increased by Rs31.5 trillion during this period. In the fiscal year 2021-22, the debt rose by Rs9.4 trillion, in 2022-23 by Rs13.7 trillion, and in […]
Increase in power rates expected by Rs2.63 per unit | The Express Tribune
Electricity prices are likely to increase by Rs2.63 per unit for consumers, as the Central Power Purchasing Agency (CPPA) has submitted a request to the National Electric Power Regulatory Authority (NEPRA). The proposed hike is aimed at adjusting monthly fuel costs. The government-owned distribution companies have already been charging higher rates, and this adjustment will […]
Railways announces increase in fare for all trains
Policemen walk along trains stationed on a deserted platform at Karachi Cantonment railway station on March 26, 2020. — AFP Pakistan Railways has announced a fare increase for all trains, with effect from tomorrow as notification issued on Thursday stated that fares would be increased by 1% for all mail, express, intercity, and passenger trains, […]
New electricity tariffs announced: How much will your bill increase? | The Express Tribune
The Power Division has announced the implementation of new electricity tariffs starting from July 2024. According to the division’s statement, most consumers will see a slight increase in their monthly bills due to the updated tariffs. To mitigate the impact on consumers, the government will provide a subsidy of Rs440 billion. The statement detailed that […]
No additional duty on solar panels, says PM as masses bear brunt of power tariff increase
Workers washing 300 KWP solar PV system after its installation at Nishtar Medical University and Hospital in Multan, on December 4, 2022. — APP Prime Minister Shehbaz Sharif has clarified that there is no plan in place for imposing additional duties on solar panels which hinders the accessibility of low-cost energy to citizens. The clarification […]
Led by exports, cement sales increase 8% in May | The Express Tribune
LAHORE: Cement dispatches increased 7.83% and reached 4.275 million tons in May 2024 against 3.965 million tons during the same month of last year. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement sales of the industry were 3.357 million tons during May 2024 compared to 3.432 million tons in […]
Business confidence sees slight increase of 1.8% in April | The Express Tribune
KARACHI: The State Bank of Pakistan’s (SBP) business confidence index (BCI) improved by 1.8% to a three-month high at 53.3 in April 2024, suggesting that the businesses’ trust lost in the past is gradually returning to normalcy in the country. According to the result of the survey conducted by SBP in collaboration with the Institute […]
Govt likely to increase fuel price | The Express Tribune
ISLAMABAD: In a potential blow to consumers, the interim government is considering raising petrol prices by Rs8 to Rs11 per litre, effective from February 1, 2024, depending on the exchange rate adjustments. High-Speed Diesel (HSD) prices are also anticipated to increase by Rs2 to Rs7 per litre during the upcoming fortnight, beginning January 1, driven […]