Tribune
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Minister seeks firms’ input on energy deals with Russia | The Express Tribune
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[ad_1] ISLAMABAD: A “breakthrough” between Pakistan and Russia on the projects agreed between the two countries in the energy sector is expected in December. According to Express News, way has been paved for the import of petroleum products, crude oil and gas from Russia, as refineries in Pakistan have expressed their willingness to produce yields…
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IMF seeks flood recovery plan to unlock loan | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s timely finalisation of a recovery plan from devastating floods is essential to support discussions and continued financial support from multilateral and bilateral partners, the International Monetary Fund (IMF) said on Wednesday. Pakistan was already battling a full-blown economic crisis, with decades-high inflation and dwindling foreign exchange reserves, when it was hit by…
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Rupee fails to extend previous gains | The Express Tribune
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[ad_1] KARACHI: Pakistani currency failed on Wednesday to sustain the little gains made against the US dollar a day ago as it resumed the downtrend amid increased demand for the greenback for import payments and foreign debt repayment. The rupee dropped 0.17% (or Rs0.39) to close at a six-week low at Rs223.81 to a dollar…
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Row over sugar export further delays crushing | The Express Tribune
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[ad_1] RAHIM YAR KHAN: In what appears to be a deliberate move, the sugar mills in Punjab have refused to start the sugarcane crushing season from November 25, as a deadlock between the government and mills over permission to export the sweetener persists. The delay in the crushing, despite the issuance of the permit to…
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Pakistan, others face risk of currency crisis | The Express Tribune
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[ad_1] LONDON: Nomura has warned that seven countries – Pakistan, Egypt, Romania, Sri Lanka, Turkey, Czech Republic and Hungary – are now at a high risk of currency crises. The Japanese bank said that 22 of the 32 countries covered by its in-house “Damocles” warning system have seen their risk rise since its last update…
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SSGC seeks tariff increase of Rs667 per mmbtu | The Express Tribune
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[ad_1] ISLAMABAD: Sui Southern Gas Company (SSGC) has sought a massive increase of Rs667.44 per million British thermal units (mmbtu) in gas prices for financial year 2022-23. The Oil and Gas Regulatory Authority (Ogra) held a public hearing on Monday to seek the input of relevant stakeholders before reaching a final decision. In a statement,…
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Pakistan’s default risk worsens | The Express Tribune
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[ad_1] KARACHI: The perception of Pakistan’s risk of default has worsened with the five-year credit default swap (CDS) surging by 30 percentage points in a week to 93% on Monday ahead of the repayment of $1 billion for a maturing international bond early next month. According to a research house, the CDS had been at…
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China helps 35 Pakistani students to become e-commerce owners | The Express Tribune
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[ad_1] With the mutual cooperation of Islamabad and Beijing, a total of 35 Pakistani students have been able to become owners of e-commerce companies in the country. According to Express News, in order to inculcate the immaculate Chinese business expertise amongst the Pakistani students, a number of courses regarding e-commerce were offered to them. With…
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Govt kicks off process to import more wheat | The Express Tribune
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[ad_1] KARACHI: The federal government has started the process of importing another 500,000 metric tonnes of wheat in the wake of its shortage following the recent devastating floods in several parts of the country. The Trading Corporation of Pakistan has already issued a tender for the import of wheat. Sealed bids have been invited from…
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‘The youth is the future’: just an exploitative slogan | The Express Tribune
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[ad_1] ISLAMABAD: “The youth is the future of any country”; a common catch-phrase that government officials never forget to highlight in their public pronouncements. Development agencies including the United Nations, IGOs and local organisations make the inclusion of the youth in policy making and implementation a key priority. Similarly, the mass media emphasises on the…
