Tribune
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PM Shehbaz dismisses bankruptcy talk | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday said that “those who wish to turn Pakistan into Sri Lanka will be disappointed as always” as he shunned rumours of the country’s economy deteriorating further. PM Shehbaz made these remarks while presiding over a meeting of the government’s economic team and vowed to “save” the economy…
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CPEC fruit: 1,320MW project initiated | The Express Tribune
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[ad_1] ISLAMABAD: As Pakistan’s energy import bill touched an exorbitant $27 billion, Prime Minister (PM) Shehbaz Sharif underlined the need to explore indigenous resources including hydel, solar, air and coal to produce cheap electricity. Federal Minister for Power Khurram Dastgir Khan stated that a 1,320MW project has been initiated by the Shanghai Electric Group in…
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Startup funding down to $350m | The Express Tribune
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[ad_1] KARACHI: Although Pakistani startups attracted a significant amount of investment in the 11 months of 2022, the investments took a downtrend with the passing of every quarter due to uncertain macroeconomic conditions and increasing political turmoil in the country – distracting investors from signing big cheques. Speaking to the Express Tribune, Alpha Beta Core…
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Saudi cash finance soon: Dar | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan is hoping to conclude talks with Saudi Arabia soon on financial help for the country, Finance Minister Ishaq Dar said on Monday. Dar also told a news conference that the International Monetary Fund (IMF) had asked Pakistan for more information to finalise its ninth review. “We hope that we will soon conclude…
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Pakistan to host CARs trade summit: PM | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister (PM) Shehbaz Sharif on Monday said that Pakistan would soon host a summit for the leaders of the Central Asian Republics (CARs) to focus on connectivity through road and rail links to boost regional trade and investment. In a meeting with a nine-member parliamentary delegation from Kazakhstan, led by the Chairman…
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Ray of hope for beleaguered auto sector | The Express Tribune
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[ad_1] KARACHI: There is a lot of hope in the beleaguered auto sector that has picked up some pace as vehicle sales have improved for the second consecutive month, though fears of a slowdown in the coming months still exist. Pakistan’s car sales including sales of non-Pama (Pakistan Automotive Manufacturers Association) members came in at…
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ADB approves $554m flood assistance package for Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) on Monday approved a $554 million financing package, including new and reallocated funds, to support recovery and reconstruction efforts in Pakistan following this year’s devastating floods, and to strengthen the country’s disaster and climate resilience. The financing includes a $475 million loan and $3 million technical assistance grant…
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HBL wins Best Bank Award 2022 | The Express Tribune
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[ad_1] KARACHI: The HBL won the Pakistan’s Best Bank Award 2022 at the Pakistan Banking Awards held here on December 9. The Best Bank Award recognises the bank that has demonstrated the most significant contribution to national development and the most effective management of its resources including their employees, clients, franchise, community, and financials.…
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ECC approves agenda items relating to Reko Diq Project | The Express Tribune
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[ad_1] The Economic Coordination Committee (ECC) on Sunday approved two important agenda items related to the Reko Diq project, paving the way for its early start. Finance Minister Ishaq Dar chaired the committee meeting virtually today. The Ministry of Energy submitted a summary on accrued interest with respect to the amount held in an escrow…
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Pakistan to get $32b loans this year | The Express Tribune
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[ad_1] ISLAMABAD: Renowned economic and political experts said on Friday that there was no immediate chance of imposing economic emergency in the country as the government still hopes that it would get $32 billion loans this year. Anchorpersons, Shahbaz Rana and Kamran Yousaf, while discussing current economic and political issues, noted that Pakistan’s official foreign…
