Tribune
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Hotel chain to sell Peshawar business | The Express Tribune
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[ad_1] KARACHI: The management of a five-star hotel chain in Pakistan has announced the sale of one of its well running establishments in Peshawar to a local buyer apparently to cut its liabilities, which have grown more than the assets, and at a time when another similar project is near completion in the same city.…
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Over 450 imported timber containers stuck | The Express Tribune
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[ad_1] KARACHI: The clearance of nearly 450 containers carrying timber, which was imported from the United States and European countries, has been stopped as the government has made it mandatory for the timber importers to get phytosanitary certificate from the exporting country. Owing to the suspension, the timber companies in Pakistan are incurring an additional…
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Asset disclosure condition to be eased | The Express Tribune
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[ad_1] ISLAMABAD: The government may relax the disclosure condition about the ultimate owners of Pakistani companies to ward off pressure from the wealthiest people, who are reluctant to fully reveal their assets and want the continuation of secrecy. The coalition government also appears reluctant to withdraw the Rs8 billion tax relief proposed for the stock…
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Bears take centre stage, erase 1,089 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) witnessed a roller-coaster trading week as a combination of buying interest and selling pressure made the benchmark index swing on both sides, but eventually the bears prevailed. The KSE-100 index dived 1,089 points to close the week at 41,052 points. The week commenced on a negative note as…
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250 vocational institutes to be set up, upgraded | The Express Tribune
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[ad_1] ISLAMABAD: The Central Development Working Party (CDWP) has approved the National Vocational and Technical Training Commission (NAVTTC) project for establishing and upgrading 250 vocational training institutes (VTIs) across Pakistan for skill development and the employment of youth. The project was approved during a meeting held under the chairmanship of secretary, Ministry of Planning, Development…
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More Chinese investment in renewable energy likely | The Express Tribune
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[ad_1] ISLAMABAD: The introduction of a wholesale electricity market in Pakistan will attract more Chinese investment in the renewable energy sector of the country, an investment expert said. The National Electric Power Regulatory Authority (Nepra) on June 6 awarded market operator licence to Central Power Purchasing Agency-Guarantee (CPPA-G) under the Competitive Trading Bilateral Contract Market…
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Farmers lack access to credit | The Express Tribune
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[ad_1] KARACHI: The agriculture credit system needs to be revamped to meet financial needs of the sector and ensure the development of rural areas in the country, said agriculturalists. Russia’s invasion of Ukraine has disrupted the global supply chain to a point where Pakistani farmers would lose a great deal, largely because of increase in…
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Pakistan’s escape from FATF’s grey list | The Express Tribune
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[ad_1] PUBLISHED June 26, 2022 ISLAMABAD: In February of 2020, the president of the Financial Action Task Force (FATF) gave Pakistan a stark warning: either enact laws in line with the body’s Anti-Money Laundering (AML) and Combating Terrorism Financing (CFT) standards along with bringing the country’s regulatory framework in line with international standards or be…
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SBP moves apex court against Shariat court’s interest ban | The Express Tribune
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[ad_1] ISLAMABAD: The State Bank of Pakistan (SBP) moved on Saturday the Supreme Court against the Federal Shariat Court’s (FSC) decision to shift to an interest-free economy. Salman Akram Raja filed the petition on behalf of the SBP, while four other private banks also appealed against the FSC’s decision with the Ministry of Finance, Ministry…
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Many GSP Plus areas still untapped | The Express Tribune
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[ad_1] LAHORE: The head of the visiting European Union’s Generalised Scheme of Preferences (GSP) Plus monitoring mission, Guido Dolara, has said that the time is crucial for Pakistan which has to show tangible results by October as a draft report for the GSP Plus status will be prepared by that month. Dolara made the remarks…
