Tribune
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Govt will try to maintain petroleum prices, says Miftah | The Express Tribune
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[ad_1] KARACHI: Finance Minister Miftah Ismail on Thursday announced that the incumbent government would strive to maintain current petrol prices, adding that if rates are increased, no new taxes would be imposed. In conversation with the media in Karachi, the minister harshly criticized former prime minister Imran Khan’s polices stating that the terms of the previous International…
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Pakistan urges Saudi Arabia not to withdraw deposits given to SBP | The Express Tribune
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[ad_1] Finance Minister Miftah Ismail has said that the government has requested Saudi Arabia not to withdraw its deposits given to the State Bank of Pakistan (SBP) and extend its oil facility for Pakistan. Addressing a press conference in Karachi on Wednesday, he lamented former prime minister Imran Khan’s government for making promises to the…
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SBP chief’s tenure ends, deputy governor to take over: Miftah | The Express Tribune
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[ad_1] The senior-most deputy governor of the State Bank of Pakistan (SBP) will steer the central bank till the appointment of a permanent head after the tenure of Reza Baqir, who was appointed the SBP chief by the Pakistan Tehreek-e-Insaf (PTI), came to an end on Wednesday. The announcement was made by Finance Minister and…
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PML-N govt ‘decides against’ extending tenure of SBP governor | The Express Tribune
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[ad_1] ISLAMABAD: The PML-N-led coalition government has apparently decided against extending tenure of State Bank of Pakistan (SBP) Governor Reza Baqir as Finance Minister Miftah Ismail thanked the former for his services to the country on Tuesday. “Tomorrow Governor SBP Dr Reza Baquir’s 3-year [term] expires. I have spoken to him and told him of the…
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Factory output growth stalls | The Express Tribune
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[ad_1] LONDON: Eurozone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed. Russia’s invasion of Ukraine, coupled with renewed Covid-19 related lockdowns in China, has exacerbated supply chain bottlenecks and left factories struggling…
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Oil falls on China growth worries | The Express Tribune
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[ad_1] LONDON: Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude. Brent crude futures were down $3.23, or 3%, to $103.91 a barrel at 1236 GMT, while US West Texas Intermediate…
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USF to launch fibre optic project in Gwadar | The Express Tribune
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[ad_1] ISLAMABAD: The Universal Service Fund (USF) is set to launch a fibre optic project in Gwadar to bring 4G-compatible high-speed internet and telecom services in the region and the project is expected to be completed by the middle of next year. The USF has finalised the paperwork for several projects including 400 kilometre of…
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Govt mulls targeted fuel subsidy as PDC swells | The Express Tribune
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[ad_1] ISLAMABAD: A proposal is under study to give targeted subsidy through the Benazir Income Support Programme on petroleum products to the poor motorcyclists following a substantial increase in payments of price differential claims (PDC) to oil marketing companies (OMCs) on petrol and high-speed diesel. The Oil and Gas Regulatory Authority (Ogra) has been asked…
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UK-Pakistan Council for enhancing trade | The Express Tribune
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[ad_1] ISLAMABAD: The UK-Pakistan Business Council has stressed the need for further enhancing bilateral trade coupled with uninterrupted flow of foreign investment for mutual benefit of the two countries. Pakistan and the UK enjoyed excellent economic and multi-dimensional relationship, which would be further cemented in the coming days, said UK-Pakistan Business Council Chairman Mian Kashif…
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REER remains supportive | The Express Tribune
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[ad_1] KARACHI: Pakistan’s real effective exchange rate (REER) – the value of the country’s currency against a basket of currencies of global trading partners – has remained supportive towards encouraging exports and discouraging imports. “The REER index was recorded at 96.84 in March 2022 as compared to 97.82 in February 2022,” the State Bank of…
