Tribune
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India’s August retail inflation stays below 4% for second consecutive month | The Express Tribune
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NEW DELHI: India’s August retail inflation remained below the central bank’s target of 4% for the second consecutive month, but vegetable prices continued to soar, dampening hopes of a dovish stance in the next monetary policy meeting. Annual retail inflationย was…
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IMF board to review Pakistanโs $7b loan on September 25 after key conditions met | The Express Tribune
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ISLAMABAD: The International Monetary Fund (IMF) has confirmed that its Executive Board will meet on September 25 to discuss the approval of Pakistanโs $7 billion Extended Fund Facility (EFF). The loan is crucial for stabilising Pakistanโs economy, which has been…
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State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune
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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…
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Big Drop Expected in Petrol Prices | The Express Tribune
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A reduction in the prices of petroleum products is expected by the end ofย this week, owing to the drop in global oil prices. If confirmed, this would mark the third consecutive bi-weekly drop in prices of petroleum products. Petrol is…
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Turkmenistan to access Gwadar Port under CPEC | The Express Tribune
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ISLAMABAD: Turkmenistan is set to become the first Central Asian country to access the Gwadar Port under China Pakistan Economic Corridor (CPEC) as both countries are about to ink an agreement in this regard. Pakistan and Turkmenistan are already venturing…
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Ministers object to creation of more authorities | The Express Tribune
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ISLAMABAD: Finance Minister Muhammad Aurangzeb and Planning Minister Ahsan Iqbal raised objections to the formation of a National Digital Commission and the Pakistan Digital Authority, instead called for using the current available infrastructure and taking advantage of innovation in the…
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NEPRA fines KE Rs1m for safety lapse | The Express Tribune
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ISLAMABAD: The country’s power regulator has slapped a fine of Rs10 million on K-Electric (KE)ยthe power utility that supplies electricity to Karachiยfor “lack of safety measures/culture” which resulted in the death of a person within its service territory during FY…
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Afghanistan to begin work on TAPI gas pipeline | The Express Tribune
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KABUL: Afghanistan said on Wednesday work would begin on a $10 billion gas pipeline traversing South Asia as officials joined dignitaries in neighbouring Turkmenistan to celebrate its completion on that side of the border. Progress on the TAPI pipeline –…
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SCO trade ministers’ meet today | The Express Tribune
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ISLAMABAD: Pakistan is hosting the 23rd Meeting of Ministers of the Shanghai Cooperation Organization (SCO) Member States responsible for Foreign Economic and Trade Activities on Thursady, said an official handout. “This important event, where Ministers of SCO countries dealing with…
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Govt withdraws Rs250 million infrastructure grant | The Express Tribune
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ISLAMABAD: The federal government on Wednesday withdrew its decision to give a quarter of a billion rupees to a private foundation for an infrastructure project, which it had earlier allocated in a non-transparent manner while using the inflation-bitten taxpayers’ money….
