Tribune
-
Pakistan mulls uses of Thar coal | The Express Tribune
.
[ad_1] KARACHI: Pakistan is working on a number of options to scale up the utilisation of Thar coal reserves including for power production, converting it into liquid and gas for fertiliser manufacturing, increasing its nationwide supplies through railways and exporting it in the future. The enhanced use of coal has the potential to reduce the…
-
Market watch: Stocks rise, aided by IT sector package | The Express Tribune
.
[ad_1] KARACHI: The Pakistan Stock Exchange staged a rebound on Wednesday as the KSE-100 index climbed 121 points, aided by investor interest in technology stocks. The approval of an incentive package for the IT industry by Prime Minister Imran Khan triggered bullish activity in the technology sector, where stocks were in the limelight throughout the…
-
Oil steady as Russia-Ukraine supply fears wane | The Express Tribune
.
[ad_1] LONDON: Oil prices on Wednesday fell from seven-year highs hit the previous day after a first wave of US and European sanctions on Russia appeared unlikely to disrupt oil supplies. Brent crude was down $0.27, or 0.2%, to $96.57 a barrel at 1247 GMT, after hitting $99.5 on Tuesday, the highest since September 2014.…
-
All set for privatisation of two LNG power plants | The Express Tribune
.
[ad_1] ISLAMABAD: The federal government has decided to privatise the country’s two liquefied natural gas (LNG) power plants in line with the demands of the International Monetary Fund (IMF) under the $6 billion Extended Fund Facility (EFF). Pakistan entered the EFF, a 39-month funding programme with the IMF in July 2019, but the release of…
-
‘PTA to increase trade between Pak, Uzbekistan’ | The Express Tribune
.
[ad_1] ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday said that the Preferential Trade Agreement (PTA) to increase bilateral trade between Pakistan and Uzbekistan is expected to be finalised on March 4. The signing of the agreement will take place during Uzbekistan President Shavkat Mirziyoyev visit to Pakistan…
-
Houston trade delegation to visit Karachi | The Express Tribune
.
[ad_1] KARACHI: The mayor of Houston (Texas, the United States) has expressed the desire to bring a trade delegation to Karachi in September 2022, which will hold meetings with government officials and local trade bodies, revealed Houston-Karachi Sister City Association (HKSCA) President Saeed Sheikh. In a meeting with office-bearers of the Karachi Chamber of Commerce…
-
PM approves incentives for IT sector, freelancers | The Express Tribune
.
[ad_1] ISLAMABAD: In a historic move, the government has approved a number of incentives to facilitate the information technology (IT) and IT-enabled services (ITeS) sectors, freelancers and startups. According to a statement, the approval was given by Prime Minister Imran Khan while chairing a meeting on Tuesday. Earlier, the Ministry of IT and Telecommunication had…
-
Seed industry rejects 17% sales tax | The Express Tribune
.
[ad_1] LAHORE: The seed industry of Pakistan has termed imposition of 17% sales tax on seeds last nail in the coffin and rejected it while citing that it would affect the access to quality seeds for farmers, industry and end users by inflating its cost. In the maiden meeting of the newly formed Pakistan Hi-Tech…
-
SBP launches credit scheme for farmers | The Express Tribune
.
[ad_1] KARACHI: Commercial banks must extend credit to farmers as per their potential and make it easier for them to acquire financing, said State Bank of Pakistan (SBP) Governor Reza Baqir. Speaking at the launch of Electronic Warehouse Receipt Financing for maize crop at Habibabad, Kasur on Tuesday, the governor emphasised that farmers would now…
-
Pakistan, IDB ink $1.2b financing plan | The Express Tribune
.
[ad_1] ISLAMABAD: Pakistan and the Islamic Development Bank (IDB) have signed a $1.2 billion financing agreement for import of oil and food products, as Islamabad also completes procedural formalities to receive oil on deferred payments from Saudi Arabia of a similar value. The cumulative financing of $200 million per month by the IDB group and…
