Tribune
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Carrots and sticks: balancing industrial policy | The Express Tribune
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[ad_1] KARACHI: A true biryani connoisseur understands that the dish’s excellence lies not only in premium rice and meat but also in the ideal mix of spices. A delicious plate can be spoiled by either an excessive amount of spices, causing throat irritation, or insufficient seasoning, resulting in a bland dish more reminiscent of pulao…
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Is there a fix for Pakistan’s economic nightmare? | The Express Tribune
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[ad_1] PUBLISHED April 16, 2023 LAHORE: As Pakistan faces one of its worst economic crises, there is so much speculation about the present, past and future scenarios. Amidst the noise of what could have been done, what should be done, and what will be done is the reality of what is. Sifting through the propaganda…
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AIIB extends support for uplift projects | The Express Tribune
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[ad_1] ISLAMABAD: Asian Infrastructure and Investment Bank (AIIB) President Jin Liqun has extended the bank’s complete support and cooperation to Pakistan for development projects and investment. The development came during a virtual meeting between Finance Minister Ishaq Dar and the AIIB president as part of the International Monetary Fund (IMF), the World Bank Spring meetings…
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Govt jacks up petrol price by Rs10 per litre | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has increased the price of petrol by Rs10 and the price of kerosene oil by Rs5.78 “in the wake of increase in petroleum prices in the international market and exchange rate variations.” After this increase, the prices of petrol and kerosene oil have respectively risen to Rs282 per litre and…
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Pakistan still half way to clinch staff-level IMF deal | The Express Tribune
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[ad_1] The International Monetary Fund (IMF) said on Saturday that it was still waiting for “necessary financing assurances” for a successful conclusion of the review talks – taming expectations for a deal until Pakistan arranges the remaining $3 billion. In an early morning statement, Nathan Porter, IMF Mission Chief to Pakistan, said that the global…
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Inflation ebbs despite surge in prices of 26 commodities | The Express Tribune
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[ad_1] ISLAMABAD: Inflation fell, albeit slightly, despite increase in the prices of 26 essential commodities during the week ending on Thursday, according to the data released by the Pakistan Bureau of Statistics (PBS) on Friday. The PBS weekly report said that inflation decreased by 0.6% on a weekly basis; however, it stood at 44.61% on…
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Inflation to begin decelerating over next few months: SBP | The Express Tribune
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[ad_1] State Bank of Pakistan (SBP) said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF programme, the uncertainty regarding external financing will also fade away,” central bank governor Jameel Ahmad said in a statement. Pakistan has less than a month’s…
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$6 billion financing plan remains elusive | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Thursday did not accept Pakistan’s request to reduce the additional loan requirement to $5 billion, as its deputy managing director sought further clarifications about the viability of an official plan to raise the loans. The Ministry of Finance did not report any breakthrough after a virtual contact…
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Honda Atlas extends longest production shutdown to end April | The Express Tribune
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[ad_1] KARACHI: Honda Atlas Cars Pakistan Ltd (HATC.PSX) on Thursday announced a 15-day extension to its longest plant shutdown this fiscal year, citing the country’s economic crisis, restrictions on opening letters of credit for imports, and halting foreign payments. The company announced an initial 23-day shutdown on March 8, which was expected to end on…
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Power tariff up by 46 paisas on fuel adjustment | The Express Tribune
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[ad_1] ISLAMABAD: In another unfortunate news for the inflation-hit people of Pakistan, the cost of electricity has been increased by 46 paises per unit under the quarterly fuel adjustment. The electricity tariff has been hiked under the second quarter of the current financial year. The National Electric Power Regulatory Authority (Nepra) has informed the…
