Tribune
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Call for budget reforms | The Express Tribune
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[ad_1] ISLAMABAD: With the annual budget season setting in, Pakistan is ready to present its fourth budget under the Public Finance Management Act (PFMA) 2019; though the whole exercise is just a ritual as the executive enjoys unlimited powers to…
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Curbs on black market can push remittances to $50b | The Express Tribune
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[ad_1] LAHORE: Foreign remittance service providers have voiced optimism that Pakistan’s remittances can surpass $50 billion per annum, if authorities restrain the black market, which they believe constitutes nearly 80% of the total market. They point out the black market…
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Sindh, Balochistan reluctant to give urea subsidy | The Express Tribune
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[ad_1] ISLAMABAD: Balochistan and Sindh seem to be reluctant to share subsidy on urea import, made to meet demand of farmers for cultivation of different crops. According to sources, Balochistan has refused to share the burden of urea subsidy whereas…
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Telecom player demands WHT abolition | The Express Tribune
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[ad_1] ISLAMABAD: A major mobile services industry player has urged the government to consider abolishing the withholding tax (WHT) on telecom sector in the upcoming budget for fiscal year 2023-24. Highlighting the exorbitant taxes of 34.5% on telecom users, Jazz…
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Stocks fall below 41,000 amid dull trading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday witnessed a lacklustre trading session as investors refrained from taking fresh positions and the KSE-100 index closed below the 41,000-point mark with marginal losses. Investors kept a low profile and remained under…
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0.3% economic growth rate debunked | The Express Tribune
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[ad_1] ISLAMABAD: The size of Pakistan’s economy has shrunk to $341.5 billion and its per capita income has slipped to just $1,568 in the outgoing fiscal year due to almost flat economic growth and currency devaluation. Against this backdrop, a…
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Forex reserves fall by $119m to $4.19b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 2.7% on a week-on-week basis to $4.19 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 19, 2023, the SBP’s…
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Matiari-Thar transmission line inaugurated | The Express Tribune
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[ad_1] HYDERABAD: Federal Minister for Energy (Power Division), Khurram Dastagir Khan, marked a momentous occasion on Thursday as he inaugurated the 220-kilometer Matiari-Thar 500 KV Quad Bundle transmission line. The project, completed in a record time of four months at…
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OGDCL to make equity investment in PRL | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s largest oil and gas explorer, Oil and Gas Development Company Limited (OGDCL), is set to make equity investment as a strategic investor in Pakistan Refinery Limited (PRL). The two companies have signed a memorandum of understanding (MoU)…
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Juice sector demands withdrawal of 10% FED | The Express Tribune
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[ad_1] KARACHI: The juice industry is in dire straits as packaged juice volumes have plummeted by 45% following the government’s implementation of a 10% Federal Excise Duty (FED). Industry stakeholders are now calling for the withdrawal of this tax, expressing…
