IMF pressure halts new EPZ plan | The Express Tribune
ISLAMABAD: The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender’s growing influence over the country’s economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the EPZ […]
Youth skills key to climate change plan: Ajay Banga | The Express Tribune
FUNAFUTI. World Bank President Ajay Banga said on Friday that young people in the Pacific Island nation of Tuvalu need training to help them move and adapt to climate change as he visited the frontline of the battle against rising sea levels. On the first visit by a World Bank chief to Tuvalu, the impact […]
IMF pours cold water on Punjab’s cheap power plan | The Express Tribune
ISLAMABAD: The International Monetary Fund (IMF) has slapped Pakistan with a slew of new conditions regarding energy subsidies and provincial budgets after Punjab took a “fiscally reckless” decision to give Rs45 to Rs90 billion electricity subsidies for two months. Government sources told The Express Tribune on Monday that the global lender imposed at least three […]
Plan on anvil to reduce electricity tariff: power minister
Federal Minister of Energy Sardar Awais Ahmad Khan Leghari. — APP/File FAISALABAD: Federal Minister of Energy Sardar Awais Ahmad Khan Leghari has said that the cost of electricity production will be reduced as an action plan in this regard is being prepared by introducing reliable reforms to the power sector and minimising line losses. “An […]
Is there any economic recovery plan on cards? | The Express Tribune
ISLAMABAD: Not really. Is anyone asking for it? Not really. Is there any accountability for inaction? Not really. Would we stay victims of the status quo? Absolutely yes! The country has such a sad but usual state of affairs. Of course, the news about the annual budget exercise and the IMF package have faded out […]
Local experts challenge IMF’s tax plan with innovative reforms | The Express Tribune
ISLAMABAD: Contrary to the International Monetary Fund’s (IMF) recommendation to increase tax rates in the next budget to collect an additional Rs2 trillion, Pakistan’s renowned local experts on Monday unveiled a package that proposes generating Rs1.2 trillion more by reducing income tax rates while withdrawing some exemptions. A consortium of notable Pakistani tax experts and […]
Govt unveils plan to cut rising production costs | The Express Tribune
LAHORE: Federal Minister for Commerce Jam Kamal Khan stated that the government has devised a comprehensive strategy to address the rising production costs and promote the manufacturing sector in Pakistan. Speaking to the business community at the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday, Khan stressed the importance of a conducive business environment […]
Parts’ makers seek 10-year EV plan | The Express Tribune
LAHORE: Automotive parts and accessories manufacturers have urged the government to take essential measures in the upcoming budget to rescue the struggling auto parts industry, which supports millions of families across the nation. In its budget proposals submitted to the government, Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) called on the government to […]
‘Riding two horses at once’: Pakistan seeks UK advice for economic plan | The Express Tribune
ISLAMABAD: As the United Kingdom government starts advising Pakistan to develop a “home-grown” economic plan, confusion persists in official circles about the prime minister’s move to outsource the planning when the script of a new International Monetary Fund (IMF) programme has already been finalised. Stefan Dercon, the policy advisor of the Foreign Commonwealth and Development […]
Minister unveils Sindh’s industrial expansion plan | The Express Tribune
KARACHI: Sindh Minister for Industries and Commerce, Jam Ikramullah Dharejo, announced that the Sindh government is planning to establish new industrial zones across the province, primarily in Karachi, as part of a new industrialisation policy. The aim is to attract both local and foreign investors and businessmen to boost economic activities throughout the province. He […]