Power struggles in climate ministry | The Express Tribune
ISLAMABAD: The Ministry of Climate Change has become the centre of internal conflict over efforts to reinstate a senior official, Mujtaba Hussain, who was previously removed over corruption allegations. The power struggle within the ministry is reportedly driven by top political figures pushing for his return, despite ongoing investigations. Sources told The Express Tribune that […]
IMF pressure halts new EPZ plan | The Express Tribune
ISLAMABAD: The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender’s growing influence over the country’s economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the EPZ […]
Deregulate sugar, wheat markets: FPCCI | The Express Tribune
LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Agriculture has recommended the government deregulate sugar and wheat markets, advocating for a free trade approach. This would allow price signals to reach stakeholders, encouraging investment, increasing competitiveness, and reducing distortions in local supply. FPCCI Chairman of the Agriculture Committee, Ahmad […]
Visa eyes 10-fold rise in Pakistani acceptance | The Express Tribune
KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining […]
PSX tumbles by 634 points on investor caution | The Express Tribune
KARACHI: The Pakistan Stock Exchange (PSX) experienced a sharp decline on Wednesday, with the KSE-100 index plummeting by 634.94 points amid growing political uncertainty and cautious investor activity ahead of the State Bank of Pakistan’s (SBP) upcoming policy announcement. The trading day started on a positive note, with the KSE-100 index hitting an intraday high […]
Visa targets ten-fold increase in digital payment acceptance across Pakistan | The Express Tribune
KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining remittances […]
India to introduce up to 30% tariffs on Chinese, Vietnamese steel imports | The Express Tribune
India will impose tariffs of between 12% and 30% on some steel products imported from China and Vietnam in a bid to safeguard and boost local industry, an Indian finance ministry order showed. Welded stainless steel pipes and tubes exported by China, the world’s largest producer of steel, and Vietnam, will be taxed for the […]
US inflation holds steady: CPI rises 0.2% in August 2024 | The Express Tribune
The US Bureau of Labor Statistics has reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.2% in August 2024, matching the increase seen in July. Over the past 12 months, the index grew by 2.5% before seasonal adjustment. The primary driver of the increase was a 0.5% rise in the shelter […]
Gold prices soar to record Rs264,000 per tola in Pakistan | The Express Tribune
Listen to article Gold prices in Pakistan continued to rise on Wednesday, marking back-to-back gains in line with increasing international rates. The price of gold per tola (11.66 grams) surged by Rs2,300, reaching a record-breaking Rs264,000, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of gold also increased, rising by […]
Nestlé waters agrees to pay €2 million French fine | The Express Tribune
Nestlé Waters has agreed to pay a $2.2 million fine to resolve criminal allegations in France related to its production of natural mineral water. The settlement, approved on Tuesday by a judge in Epinal, eastern France, brings an end to two separate investigations focused on illegal drilling practices and consumer deception regarding the company’s water […]