policy
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Textile policy to make industry competitive | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has announced that the government is finalising a comprehensive textile and apparel policy and a national industrial policy for the next five years aimed at making Pakistan’s industry regionally competitive, removing trade barriers and ensuring long-term export growth. In a meeting with Aamir Fayyaz Sheikh, CEO…
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Govt set to unveil new industrial policy | The Express Tribune
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[ad_1] FAISALABAD: Following the success of the “Banyan Al-Marsous” operation, a new industrial policy aimed at placing Pakistan among the world’s top 20 economies will be announced very soon. It was stated by Haroon Akhtar Khan, Special Assistant to the Prime Minister on Industries and Production, while representing Prime Minister Shehbaz Sharif at the 50th…
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New policy to encourage solar net-metering, claims minister
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[ad_1] Federal Minister for Energy (Power Division) Awais Leghari gestures during an interview in this undated photo. — AFP Dismissing speculations, Federal Minister for Energy Sardar Awais Ahmad Leghari on Sunday claimed that under the new policy the number of solar net-metering consumers would increase. Earlier this week, the cabinet’s Economic Coordination Committee (ECC) revised…
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Tesla shares soar on report of Trump’s self-driving policy push
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[ad_1] Tesla Motors CEO Elon Musk speaks next to the company’s newest Model S during the Model S Beta Event held at the Tesla factory in Fremont, California October 1, 2011. — Reuters Tesla’s stock surged nearly 5% on Monday following a report from Bloomberg News that President-elect Donald Trump’s transition team plans to prioritise…
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SBP slashes policy rate by 250bps, extending its hawkish monetary stance for 4th time
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[ad_1] The State Bank of Pakistan’s (SBP) old building in Karachi. — AFP/File The State Bank of Pakistan (SBP) on Monday eased its monetary policy for fourth time in a row, lowering the key interest rate by 250 basis points to 15% as single-digit inflation persisted through October. Analysts as well independent economists widely believed…
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Inflation up at 7.2% in Oct as SBP gets ready for policy rate decision
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[ad_1] People look at handbags on display outside shops in a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan April 19, 2023. — Reuters Pakistan’s annual inflation edged up to 7.2% in October 2024, registering an increase from 6.9% in September but marking a significant decrease from 26.8% in October 2023, data from the…
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Inflation, policy rate expected to fall further in coming months: Aurangzeb
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[ad_1] Federal Finance Minister Senator Muhammad Aurangzeb addressing a press conference. — APP/File In light of the government’s recent economic achievements, Finance Minister Muhammad Aurangzeb on Tuesday hinted at further drop in the consumer price inflation and State Bank of Pakistan’s (SBP) key policy rate in the coming months. “The government has strived hard to…
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State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to…
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Financial globalisation and shrinking policy space | The Express Tribune
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[ad_1] LAHORE: The economy has stabilised to some extent with the stabilisation measures initiated in May 2022. The policy rate, which was jacked up to 22%, has come down to 19.5% in a recent monetary policy announcement. Similarly, the fiscal deficit decreased to 6.8% in fiscal year 2023-24 by cutting down development expenditure to 2%…
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Govt adopts irrational pricing policy | The Express Tribune
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[ad_1] LAHORE: Pakistan is facing a low growth trap while the new budget essentially increases expenditure through more borrowing and a higher burden of taxes. Increasing expenses, based on heavy borrowing, just raise the payments on borrowing, which now account for 57% of the total expenditure. This policy is clearly profligate and not sustainable; therefore,…
