Tribune
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Double whammy of consumption-based growth | The Express Tribune
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[ad_1] ISLAMABAD: Despite growing at a healthy rate of 5.97% in FY22, Pakistan’s economy remains in hot waters and needs an IMF bailout. In fact, the heathy growth rate is being widely considered to be one of the principal reasons behind the gloomy economic scenario. For the upcoming fiscal year, a softer 5% growth target…
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Giving impetus to mango industry | The Express Tribune
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[ad_1] BEIJING: Commonly known as the “king of fruits” locally, Pakistani mangoes are a delicacy and delight that everyone is waiting anxiously for in summer season. It has also won the hearts of people living beyond the borders due to its enticing aroma, high sweetness and fine fibre. However, local farmers are extremely worried about…
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100% increase in vehicle registration tax approved | The Express Tribune
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[ad_1] ISLAMABAD: Senate Standing Committee on Finance has approved 100 per cent increase in the vehicle registration tax for non-filers and directed the Federal Board of Revenue (FBR) that whatever legislation is done should be brought in the form of a bill and not through ordinances.The Senate panel met under the chairmanship of Saleem Mandviwalla…
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Bitcoin slides below $20,000 | The Express Tribune
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[ad_1] WASHINGTON: Bitcoin dropped below $20,000 on Saturday to its weakest in 18 months, extending a slide on investor worries about growing troubles in the industry and the general pullback from riskier assets. The digital currency sector has been pummelled this week after cryptocurrency lending company Celsius froze withdrawals and transfers between accounts, while crypto…
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Traders advocate barter trade with Russia | The Express Tribune
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[ad_1] KARACHI: Vegetable and fruit exporters have emphasised that Pakistan has produced a surplus potato crop this year which should be used in barter trade with Russia by importing wheat from the European nation. The All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA) wrote a letter to the Ministry of Commerce secretary,…
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Research funds offered to pharma industry | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Science Foundation (PSF), in collaboration with the Islamabad Chamber of Commerce and Industry (ICCI), has expressed its willingness to fund the research projects of pharmaceutical companies to help them resolve key issues and achieve better growth. PSF Chairman Professor Dr Shahid Mehmood Baig announced this while talking to representatives of the pharmaceutical…
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US economy has 40% chance of recession | The Express Tribune
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[ad_1] NEW YORK: Bank of America (BofA) Securities economists see roughly a 40% chance of a US recession next year, with inflation remaining persistently high. They expect US gross domestic product (GDP) growth to slow to almost zero by the second half of next year “as the lagged impact of tighter financial conditions cools the…
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Education startup aims to promote digital learning | The Express Tribune
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[ad_1] KARACHI: Lahore-based education-technology startup Edkasa has won partnership with popular video platform TikTok and renowned educational institution LUMS to engage Pakistan’s high school students online in preparation for their exams. LUMS would suggest topics and train the teaching faculty, Edkasa would establish one to two-minute short video lectures on science subjects for grade 9…
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Unilateral actions threaten WTO | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has highlighted that the tendency to ignore a rules-based system and unilateral actions of World Trade Organisation (WTO) members are posing a threat to the multilateral trading system. It also pointed to the lack of implementation of mandates from the WTO ministerial conferences and a dysfunctional dispute settlement body as other major…
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Venezuelan oil exports to Europe set to resume | The Express Tribune
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[ad_1] ROME: A 650,000-barrel cargo of Venezuela’s oil chartered by Italy’s Eni is about to set sail carrying the first export of crude from the US-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The US State Department sent letters to Eni and Spain’s Repsol in May authorising them to resume…
