Tribune
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Market mixed over amnesty scheme for industrialists | The Express Tribune
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[ad_1] KARACHI: The government’s decision to grant amnesty for industrial development has attracted mixed reactions. While some analysts have cheered the move, other expressed their reservations against it. The leadership has decided to promulgate an ordinance to offer a third tax amnesty scheme to industrialists by giving them an opportunity to whiten their black money…
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CPEC SEZs open to British investors | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir has said that investors from the United Kingdom have a great opportunity to invest in the China-Pakistan Economic Corridor (CPEC) Special Economic Zones (SEZs). In a meeting with Lord Mayor of Birmingham Councillor Muhammad Afzal, the ICCI chief mentioned that CPEC SEZs…
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$846m debt repayment suspended | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Saudi Arabia on Thursday signed agreements to freeze $846 million in debt repayment for up to six years under a G20 debt suspension initiative. Two agreements were signed by the Ministry of Economic Affairs and the Saudi Fund for Development (SFD) under the Debt Service Suspension Initiative (DSSI) for the period…
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Foreign exchange: SBP reserves fall $344m to $16.46b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 2.05% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 25, the foreign currency reserves held by the SBP were recorded at $16,462.3 million, down $344 million compared with $16,806.5 million on February…
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Market watch: Bourse ends flat in roller-coaster session | The Express Tribune
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[ad_1] KARACHI: Volatility prevailed at the Pakistan Stock Exchange on Thursday as the KSE-100 index endured a topsy-turvy session, ending the day with marginal gains. Investors took cue from the jump in global energy prices, which led to mixed trading. While oil stocks shined on the back of crude prices inching closer to $120 per…
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Oil prices inch closer to $120 as supply tightens | The Express Tribune
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[ad_1] LONDON: Benchmark Brent crude oil prices climbed close to $120 a barrel on Thursday, with Russian oil exports disrupted as traders try to avoid becoming entangled in sanctions. Support also came from US crude stockpiles at multi-year lows, helping to lift Brent crude futures as high as $119.84 a barrel for the highest level…
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Pakistan, Uzbekistan to sign FTA | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Uzbekistan will sign a preferential trade agreement this week to lower duties on nearly three-dozen products in the range of 20% to 100% aimed at giving a boost to the trade value that remains very thin despite vast potential. The preferential trade agreement will be signed during a two-day visit of…
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Pakistan, Uzbekistan to sign PTA | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and Uzbekistan will sign a preferential trade agreement this week to lower duties on nearly three-dozen products in the range of 20% to 100% aimed at giving a boost to the trade value that remains very thin despite vast potential. The preferential trade agreement will be signed during a two-day visit of…
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OGRA hikes gas price by up to 16.37% | The Express Tribune
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[ad_1] ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has increased the average prescribed price of gas by up to 16.37% besides curtailing new gas schemes and connections. In two separate decisions on the estimated revenue requirement (ERR) of public gas utilities for fiscal year 2021-22, the regulator jacked up the prescribed gas price by…
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Oil, gas demand remains robust | The Express Tribune
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[ad_1] KARACHI: Although the demand for petroleum products and gas remained robust in the domestic economy and households of Pakistan, the output of crude oil and gas from domestic fields has declined, enhancing the nation’s reliance on expensive imported fuels. “Total petroleum sales settled at 1.54 million tons in February 2022, showing a year-on-year increase…
