Tribune
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Energy sector: possible priorities of new govt | The Express Tribune
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[ad_1] We have a new government. Many causes are being assigned to the fall of the previous one. One theory is that it lost the support of the “establishment”, while the other is that the US getting antagonised by ex-PM’s visit to Russia and then orchestrating the ouster. There is some substance in the first,…
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Time to sign Charter of Economy! | The Express Tribune
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[ad_1] KARACHI: There are a few macro indicators that are used (actually misused) by the politicians depending on which side of the floor they are occupying in the house. For instance, increasing petrol prices is the source of all evils if you are in the opposition but makes absolute economic sense if you are sitting…
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Yearning for home sweet home | The Express Tribune
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[ad_1] PUBLISHED May 01, 2022 LAHORE: Pakistan is undergoing a housing crisis on a never-before-seen scale. Low-rise, low-income urban settlements are morphing into high-rise, high-density shanty towns, complete with the tangible, socioeconomic, and ecological problems associated with unplanned urban growth. Demand for housing is outpacing supply across the globe. However, Pakistan has a particularly acute…
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Slight dip in shortfall as energy crunch persists | The Express Tribune
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[ad_1] ISLAMABAD: Amid the government’s efforts to plug the power shortfall, a slight reduction in the deficit witnessed on Saturday nonetheless fell short of meeting the leap in demand as sweltering heatwave swept across the country. The total shortfall which was hovering between 7,000 and 8,500 megawatts for days slumped to 7,700MW — a ‘silver…
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Power-hungry India boosts coal output | The Express Tribune
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[ad_1] CHENNAI: India has boosted the output of coal and cancelled passenger trains to free up rail track to move it, officials said, as the government scrambles to overcome its worst power crisis in years. State-run Coal India, which accounts for 80% of India’s coal output, increased production by 27.2% in April, the federal coal…
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Oil industry’s PDC to swell by Rs40b | The Express Tribune
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[ad_1] ISLAMABAD: The decision to freeze petroleum product prices is going to add another Rs40 billion to price differential claims (PDC) – the cost of subsidy provided for oil consumers. The government has decided to keep oil prices unchanged for May 1 to 15, providing some relief to the consumers already reeling from double-digit inflation.…
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PSX posts record high profit of Rs320b | The Express Tribune
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[ad_1] KARACHI: Top 100 companies listed at Pakistan Stock Exchange (PSX) have cumulatively posted a record high profit of Rs320 billion in the quarter ended March 31, 2022 on the back of sharp increase in commodity prices and a notable hike in the benchmark interest rate. “Profitability of the KSE-100 index continues to soar, posting…
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FBR collects Rs4.86tr in taxes | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs4.86 trillion in taxes during the first 10 months of current fiscal year, leaving itself with a task to collect another Rs1.24 trillion in just two months to achieve the revised annual target. According to the provisional information, the FBR generated Rs4.86 trillion in taxes…
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Shanghai factories scramble to reopen | The Express Tribune
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[ad_1] SHANGHAI: Companies reopening factories in locked-down Shanghai are booking hotel rooms to house workers and turning vacant workshops into on-site isolation facilities as authorities urge them to resume work while complying with tough Covid-19 curbs. Hundreds of companies including multinationals Tesla and 3M have reopened factories in the Chinese economic hub under local guidelines…
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HSBC’s top shareholder calls for bank’s break-up | The Express Tribune
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[ad_1] LONDON/SINGAPORE: HSBC Holdings’ largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. Ping An has set out its plan to split the company to HSBC’s board, according to earlier media reports, which also cited people familiar with the…
