Tribune
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US notifies power scheme in Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The United States (US) announced on Friday to commence a four-year $23.5 million project in Pakistan to steer efficiency in the power sector. The project aims to increase the share of green energy in Pakistan’s energy mix, United States Agency for International Development (USAID) Mission Director Julie A Koenen said in a statement.…
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Asia prices down on soft demand | The Express Tribune
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[ad_1] LONDON: Asian spot liquefied natural gas (LNG) prices were down this week on softer Spring demand but further downside is limited as Asian buyers are expected to start to return to the market. The average LNG price for June delivery into north-east Asia was estimated at $25.40 per metric million British thermal units (mmbtu),…
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Great scope of Sino-Pak PV cooperation | The Express Tribune
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[ad_1] With the inauguration of the solar grid station, traders in Jandola Bazaar will begin to obtain uninterrupted, cheap and clean energy, said shopkeeper Muhammad Khan Mehsood. Pakhtunkhwa Energy Development Organisation (PEDO) is constructing solar mini-grid stations (photovoltaic solar system) to provide uninterrupted electricity to business centers in the newly merged districts of Khyber-Pakhtunkhwa. One…
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Market watch: Stocks drop again in absence of positivity | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed another dull trading session on Friday, as the benchmark KSE-100 index declined by around 100 points to close the fifth consecutive session in the red. Bears took complete control over the bourse throughout the outgoing week mainly owing to the absence of positive triggers. Despite fresh appreciation of…
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ECB for ending bond purchases | The Express Tribune
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[ad_1] FRANKFURT: The European Central Bank should end its stimulus programme in July and could raise interest rates in the same month, in September or later, ECB Vice President Luis de Guindos said in an interview published on Thursday. The ECB said last week that it would stop buying bonds in the third quarter of…
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SBP reserves rise $36m to $10.89b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank increased 0.33% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On April 16, the foreign currency reserves held by the SBP were recorded at $10,885.7 million, up $36 million compared with $10,849.6 million on April…
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Rupee at two-week low against dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani currency has reversed almost all the gains it had achieved against the US dollar in the wake of the new political setup in the parliament, as it has cumulatively lost 3% (Rs5.42) in the past four days to a two-week low of Rs186.92 per dollar in the inter-bank market on Thursday. At…
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Pakistan to buy expensive LNG again | The Express Tribune
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[ad_1] ISLAMABAD: The tender awarded to Pakistan LNG Limited (PLL) for the month of May is quite costly for the country mainly owing to supply-chain disruptions in the international market on the back of Russia-Ukraine war. The firm selected the lowest bid for liquefied natural gas (LNG) cargoes. Out of seven, six contract prices for…
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Traders demand focus on GSP Plus | The Express Tribune
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[ad_1] LAHORE: Businessmen have urged the new government to initiate lobbying for continuity of the GSP Plus besides implementing new Textile and Apparel Policy through revival of Pakistan Export Promotion Board. In a statement on Thursday, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chief Coordinator Ijaz Khokhar made an appeal to Prime Minister Shehbaz…
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Alvi for enhancing outreach of FTO | The Express Tribune
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[ad_1] ISLAMABAD: President Dr Arif Alvi on Thursday called for enhancing the outreach of the Federal Tax Ombudsman’s (FTO) for swift resolution of the problems faced by the people. He further lauded the role played by the FTO for providing speedy relief to traders and businessmen. The president also underscored the need for creating awareness…
