Tribune
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World Bank to provide financial support of $1.3b to Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Regional Director World Bank for Sustainable Development John A Roome on Wednesday said that the bank would provide financial support of $1.3 billion to Pakistan for an emergency, agriculture and housing relief. According to an official statement, the regional director WB said this during a meeting with Minister for National Food Security and…
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2013 bench ‘knew fallout’ of cancelling Reko Diq deal | The Express Tribune
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[ad_1] ISLAMABAD: The counsel for the Balochistan government on Tuesday informed a five-judge Supreme Court bench, headed by Chief Justice Umar Ata Bandial, that the presidential reference regarding the Reko Diq agreement was maintainable because it was a matter of public interest. Lawyer Salahudin Ahmed also informed the bench that despite elaborating dire consequences, a…
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Fuel prices to remain unchanged: Dar | The Express Tribune
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[ad_1] The federal government has announced keeping the prices of petroleum products unchanged for the month of November. Federal Finance Minister Ishaq Dar announced the decision while addressing a press conference in Islamabad on Tuesday. He said that there will be no change in the prices of petroleum products. Dar said the State Bank and…
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‘Global Shield’: Better late than never? | The Express Tribune
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[ad_1] Nine days into COP27, Pakistan’s unremitting efforts for climate justice finally pay off to a certain extent as the country will be among the first to receive “Global Shield” climate funding, a G7-backed scheme announced Monday to compensate climate-vulnerable countries for their sufferings from the “climate carnage” penetrated by the developed world. Among the…
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Rs531b agri package okayed | The Express Tribune
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[ad_1] ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Monday approved a Rs531 billion prime minister’s agriculture package, with little impact on the budget, but deferred a decision on providing subsidised electricity to tube-wells due to its nearly Rs180 billion subsidy impact. Finance Minister Ishaq Dar chaired the ECC meeting, which approved the…
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Pakistan must take the lead at COP27 | The Express Tribune
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[ad_1] ISLAMABAD: The 27th meeting of the Conference of the Parties (COP) of the United Nations Climate Change Conference (UNFCCC), or more commonly referred to as COP27, is being held from November 6th-18th, 2022, in Sharm El Sheikh, Egypt. Pakistan has a very strong case to present at COP27, as we continue to suffer the…
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Investing in recessionary period | The Express Tribune
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[ad_1] KARACHI: Recession is a new buzz word in every other drawing room. The educated, the salaried, the retail shopkeepers, the industrialists and the blue collar all are worried about the onslaught of an upcoming recession. Most link it to the rising commodity prices, particularly the prices at petrol pumps, and some link it to…
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How real estate sector manages to refuel itself | The Express Tribune
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[ad_1] KARACHI: Real-estate is a major avenue for investment in Pakistan and, in terms of returns, has beaten almost all asset classes. According to the House Price Index of Zameen.com, houses have exhibited a compound return of almost 13% in the last 10 years. This compounded return has reached almost 18% in the last two…
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Azerbaijan floats idea of three-nation bloc | The Express Tribune
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[ad_1] ISLAMABAD: Azerbaijan Ambassador Khazar Farhadov has said that Pakistan, Azerbaijan and Turkey together have a good potential to establish an economic bloc to achieve better outcomes for their respective economies. Talking to the business community during his visit to Islamabad Chamber of Commerce and Industry (ICCI), he emphasised that Azerbaijan was keen to enhance…
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Sales tax on luxury fuel in the offing | The Express Tribune
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[ad_1] ISLAMABAD: The imposition of sales tax on luxury fuel is on the cards while the government also considers increasing the rate of the petroleum levy with the imposition of 17% general sales tax (GST) in a bid to collect around Rs9 billion in taxes annually. This is in line with contingency measures to keep…
