Tribune
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Govt prioritising industrial expansion | The Express Tribune
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[ad_1] ISLAMABAD: The government will extend all possible support to the industries for stabilising the economy, boosting economic growth, eliminating unemployment and improving the living standards of people, said Senate Deputy Chairman Mirza Muhammad Afridi. Speaking at the Rawalpindi Chamber of Commerce and Industry (RCCI) on Wednesday, he said that traders and industrialists had a…
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Businessmen irked over diversion of gas | The Express Tribune
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[ad_1] KARACHI: Businessmen have expressed agitation over diversion of Sindh’s gas to the Sui Northern Gas Pipelines Limited’s (SNGPL) network and termed it unjust move. In a joint statement on Wednesday, several chambers and businessmen lobbies of Karachi said that it was against Article 158 of Pakistan’s constitution and called it imprudent action at a…
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Tax break agreed in Reko Diq case | The Express Tribune
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[ad_1] ISLAMABAD: The government has approved tax exemptions on the payment of $900 million to Antofagasta under an exit deed for the settlement of Reko Diq dispute. In a recent meeting held on March 25, the Economic Coordination Committee (ECC) of the cabinet considered a summary regarding the Reko Diq settlement deal. The Petroleum Division…
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Market watch: Stocks fall in volatile trading | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange remained under the grip of volatility on Wednesday as the KSE-100 index had a topsy-turvy movement, driven by the transforming political scenario and the emerging developments prior to the no-confidence motion. Additionally, the rupee fared no better and lost further ground to close at a historic low against the…
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Govt enhances borrowing limit to Rs50m | The Express Tribune
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[ad_1] ISLAMABAD: The government has decided to considerably enhance the borrowing limit set for the youth business loan programme to a maximum Rs50 million per person, in addition to relaxing the criteria of sovereign guarantees amid political turmoil in the country. The decision has been taken this week on the insistence of Special Assistant to…
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Rupee at new historic low | The Express Tribune
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[ad_1] KARACHI: The rupee weakened against the US dollar at Rs182.34 in the inter-bank market on Tuesday compared with Monday’s close of Rs182.19, according to the State Bank of Pakistan (SBP). It was an all-time low value for the local currency as demand for the dollar stood higher compared to its supply in the wake…
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More capital market reforms on the cards | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir has cherished the successful rollout of important projects by the central bank including the Roshan Digital Account (RDA) and RAAST instant payment system. During his visit to the Central Depository Company on Tuesday, the SBP governor lauded commercial banks for smoothly executing the central…
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Bulgarian envoy stresses enhancing two-way trade | The Express Tribune
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[ad_1] KARACHI: The Covid-19 pandemic created a lot of challenges during the past two years but now it is time to focus on the exchange of trade delegations between Pakistan and Bulgaria to lift the trade volume, said Ambassador of Bulgaria Irena Gancheva. Speaking to business community at the Karachi Chamber of Commerce and Industry…
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Rupee depreciation hits industrial sector | The Express Tribune
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[ad_1] KARACHI: The value of US dollar against Pakistani rupee has reached to an all-time high in the history of the country, said Korangi Association of Trade and Industry (KATI) President Salman Aslam. In a statement on Tuesday, he said that for the first time, the greenback crossed Rs182 mark. “This is a matter of…
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Chinese home appliances brand enters Pakistan | The Express Tribune
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[ad_1] KARACHI: Pakistan has introduced one more Chinese brand in the home appliances category, as a local company which is engaged in assembling and marketing brands of the neighbouring country, has expanded its assembly line with two new products. Speaking at the launching ceremony of Midea (a Chinese brand) in Pakistan on Tuesday, Consul General…
