Tribune
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Glitch in IRIS portal perturbs businessmen | The Express Tribune
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[ad_1] KARACHI: Industrialists have voiced concerns over the glitches in the Federal Board of Revenue’s (FBR) IRIS portal, citing that they were not able to file the sales tax returns. The FBR had extended the date to file the sales tax returns for the month of January till February 25, 2022. However, exporters were still…
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Industry hints at looming diesel shortage | The Express Tribune
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[ad_1] ISLAMABAD: The oil industry has set off alarm bells after it warned about an imminent diesel crisis in the wake of stock depletion and the RussiaUkraine conflict. In a recent meeting of the National Price Monitoring Committee (NPMC), Finance Minister Shaukat Tarin expressed concern over reserves of high-speed diesel (HSD) in the country and…
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Wage hike will lift inflation: Baqir | The Express Tribune
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[ad_1] ISLAMABAD: The government’s plan to provide solace to the inflationbitten segments of society faces execution challenges, as the central bank governor has warned about further rise in inflation by over 2% due to increase in minimum wages. The proposal to provide subsidised petrol to motorcyclists has also been termed impractical due to chances of…
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REER appreciates to 97.03 in January 2022 | The Express Tribune
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[ad_1] KARACHI: Pakistan’s real effective exchange rate (REER) – the value of country’s currency against a basket of currencies of global trading partners –appreciated slightly to 97.03 points but still remained close to its fair value and indicated that exports were competitive. The REER index stood at 97.03 in January 2022 compared to 96.79 in…
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Another big rise in oil prices likely | The Express Tribune
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[ad_1] ISLAMABAD: As tensions boil over in Europe after Russia’s invasion of Ukraine, the prices of petroleum products in Pakistan are likely to surge by up to Rs9.59 per litre from March 1, 2022. In mid-February, the government has already made a record increase in prices of petroleum products, when it raised the price of…
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Twin deficits to remain ‘higher’ | The Express Tribune
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[ad_1] ISLAMABAD: Slippages are expected against the budget targets set for fiscal and external sectors — the mother of the country’s economic crisis — as the policy measures to contain imports could not create an impact, revealed a new government assessment released on Friday. The mid-year (July-December) economic review report by the planning and development…
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Market watch: Stocks rally as global equities recover | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange on Friday got some relief from yesterday’s free fall and recovered slightly as a rebound in global equity markets and slide in international crude oil prices revived the interest of nervous investors. The benchmark KSE-100 index, despite minor fluctuations, mostly stayed in the positive territory to close last day…
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China’s forex market transacts 19.45 trillion yuan in January | The Express Tribune
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[ad_1] BEIJING: China’s foreign exchange (forex) market recorded transactions of 19.45 trillion yuan, equivalent to 3.06 trillion US dollars, in January, official data showed Friday. Specifically, the transaction volume of the client market totalled 3.32 trillion yuan last month, while that of the interbank market was 16.13 trillion yuan, said the State Administration of Foreign…
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Oil prices take breather as Russia advances further on Ukraine | The Express Tribune
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[ad_1] LONDON: Oil prices slipped on Friday, after sharp rises in the session, on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract was down $0.33, or 0.3%, to $98.75 a barrel at 1045 GMT, after climbing to as high as $101.99. The more active…
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SSGC director suspected of insider trading | The Express Tribune
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[ad_1] ISLAMABAD: A board member of a public gas utility, appointed by the government, has bought 200,000 shares of the company in the name of his wife, raising questions of possible insider trading. Sui Southern Gas Company (SSGC) is a public utility whose major shareholder is the government of Pakistan having 81% shares through the…
