India to introduce up to 30% tariffs on Chinese, Vietnamese steel imports | The Express Tribune
India will impose tariffs of between 12% and 30% on some steel products imported from China and Vietnam in a bid to safeguard and boost local industry, an Indian finance ministry order showed. Welded stainless steel pipes and tubes exported by China, the world’s largest producer of steel, and Vietnam, will be taxed for the […]
Govt mulls restricting use of cash, decides to introduce reforms in real estate sector
A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan September 12, 2023. — Reuters KARACHI: The federal government is considering imposing a restriction on use of cash along with introducing reforms in the real estate sector in its bid to tackle money laundering and terror financing. The development comes as National […]
BRICS countries to stop trading in US dollar, plans to introduce new currency
Doubts in US dollar begin to seep in as new currency comes to the rescue. — Watcher Guru/File The BRICS countries which include, Brazil, Russia, India, China, and South Africa are set to meet for its annual summit in October where the developing countries may announce setting up a new currency to counter the United […]
Decision to introduce new currency notes not taken on IMF’s behest: SBP
A person can be seen holding notes of Pakistani currency Notes in the hands. —AFP/File State Bank Deputy Governor Saleem Ullah Thursday said that the central bank’s decision to print new currency notes was not taken at the behest of the International Monetary Fund (IMF). The deputy governor also maintained that the deficit is expected to […]
Govt to introduce reforms for economic stability, growth: Dar
Finance Minister Ishaq Dar chairs the meeting of Reforms and Resource Mobilszation Commission at the Finance Division on April 24, 2023.— PID Finance Minister Ishaq Dar said Saturday that the government is determined to introduce reforms in various sectors to put the economy on a positive trajectory and achieve financial stability and growth. The finance […]
Auto firm plans to introduce EVs | The Express Tribune
LAHORE: An automobile manufacturing company has revealed its future plan to introduce electric vehicles in Pakistan, saying that hybrid electric vehicles are their first step in this direction. Speaking at an auto conference, titled “Role of hybrids in transforming automobile landscape in Pakistan”, Indus Motor Company Chief Executive Officer Ali Asghar Jamali underlined that his […]
Call to introduce new marble technology | The Express Tribune
ISLAMABAD: Several construction sector projects are being developed in Dubai and the rest of the UAE and Pakistan has immense potential to increase exports of its value-added marble products to the Middle Eastern nation, said Dubai-based businessmen Amin Noorani and Nasir Ahmed. They made the remarks in a meeting with Islamabad Chamber of Commerce and […]
Chinese firms introduce new tech in power sector | The Express Tribune
ISLAMABAD: Massive energy projects, executed by Chinese firms in Pakistan, not only ended power outages in the country but also introduced the most advanced technologies in the power sector. These include the underground hydropower projects as well as the ultra-critical coal-fired power plants. In 2018, China Gezhouba Group Corp (CGGC) completed the construction of first-ever […]
UAE to introduce corporate tax next year: finance ministry
— AFP/File DUBAI: The United Arab Emirates will introduce a corporate tax from mid-2023, the finance ministry said Monday, in a major change of course as the country seeks to diversify its income. The Gulf financial centre, long known as a tax haven and the regional headquarters for a swathe of multinationals, will tax business […]