Tribune
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Govt to generate Rs721b by raising power tariff | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has formulated a strategy to collect an additional Rs721 billion from electricity consumers during the current financial year as per the conditions agreed with the International Monetary Fund (IMF). According to the finance ministry sources,…
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ECC okays $3b loan guarantee for N-plant | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Tuesday approved issuing $3 billion worth sovereign guarantees against a Chinese loan for a nuclear power plant and also stamped an operator-favoured State Support Agreement for the outsourcing of the Islamabad International Airport. The Economic…
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PSX down almost 1,000 points as bears tighten grip | The Express Tribune
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[ad_1] KARACHI: KARACHI: Bears held their grip over the Pakistan Stock Exchange (PSX) on Tuesday, as the index extended losses from the previous session and recorded a decline of nearly 960 points. Experts said the market succumbed to profit-taking as…
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DISCOs seek further tariff hike | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is going to hold a public hearing on August 23 of pleas filed by power distribution companies (DISCOs) to further hike power tariff. If the regulator approves this request, consumers will…
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Pakistan finds UAE’s port terminal offer below par | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan on Monday did not approve the United Arab Emirates (UAE) offer for the development of two Karachi seaports terminals, finding the current value of the future stream of payments over a period of the next 25 years…
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Govt chalks out framework to revive debt-ridden PIA | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has prepared a major plan to run the Pakistan International Airlines (PIA), which was drowning in debt, under a public-private partnership with foreign capital and restructure the national carrier. Under the PIA revival plan, a…
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EcoSummit 2023: a call to action for sustainability | The Express Tribune
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[ad_1] KARACHI: Pakistan, a country already grappling with the devastating impacts of climate change, faces a climate emergency that demands urgent attention. The effects of more frequent and severe floods, droughts, and heatwaves are becoming increasingly apparent, threatening the nation’s…
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Economic woes leave textile industry in tatters | The Express Tribune
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[ad_1] Factory worker Lubna Babar was made redundant at the beginning of the year, a victim of a crisis in the Pakistan textile industry that has seen it lose ground to more nimble Asian competitors. “When you lose your job,…
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Land of flickering lights: Why Pakistan’s power woes persist | The Express Tribune
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[ad_1] PUBLISHED August 06, 2023 ISLAMABAD: Riaz lives in a one-room quarter in south Punjab. He is a farmer with a few acres of land and he waits for earnings every six months. He has one ceiling fan alone to…
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Further rupee fall likely under interim setup | The Express Tribune
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[ad_1] KARACHI: Market speculation suggests that Pakistani currency may face a fresh round of devaluation under the upcoming caretaker government ahead of general elections in late 2023. Outgoing Prime Minister Shehbaz Sharif has already announced the dissolution of National Assembly…
