Tribune
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Karachi industries awaiting energy relief package | The Express Tribune
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[ad_1] KARACHI: Despite the fact that the Economic Coordination Committee (ECC) has approved an extension in the incremental consumption package for the steel industry six months ago, Karachi industries are still waiting for an official notification. Businessmen of the city have regretted paying an extra bill owing to the delay in implementation of the decision.…
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Govt steps up drive against gas theft | The Express Tribune
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[ad_1] ISLAMABAD: The federal government on Wednesday intensified a nationwide crackdown against the industrial and commercial entities, found to be involved in gas theft and using illegal boosters, to help the gas marketing firms to reduce the duration of unannounced load-shedding. In this regard, Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company…
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Market watch: Bulls dominate as KSE-100 crosses 46,000 mark | The Express Tribune
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[ad_1] KARACHI: Bulls held sway at the Pakistan Stock Exchange on Wednesday and tossed the KSE-100 index above the 46,000-point barrier after a dip in global crude oil prices aided investor sentiment. The fall in crude prices addressed fears of a significant jump in imported inflation in Pakistan and encouraged market participants to make fresh…
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Oil prices stable at $90, Iran supply prospects add pressure | The Express Tribune
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[ad_1] LONDON: Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market. Brent crude futures edged down $0.36, or 0.4%, to $90.42 a barrel by 1150 GMT. US West Texas Intermediate crude fell $0.43, or 0.4%, to $88.93…
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India-Pakistan trade remains in deep freeze | The Express Tribune
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[ad_1] LAHORE: The sour relationship between India and Pakistan, owing to the former’s inhumane stance on Kashmir, now into its third year is impacting bilateral trade worth billions between the two nations with no visible signs of resuming anytime soon. Even though recently, the Narendra Modi led government has opened its side of the Kartarpur…
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Minister seeks World Bank advice | The Express Tribune
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[ad_1] ISLAMABAD: The new industrial policy will focus on increasing production, export promotion and import substitution to step up industrialisation in Pakistan, declared Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar. In a meeting with World Bank Country Director for Pakistan Najy Benhassine on Tuesday, he discussed the priority areas of engagement to strengthen…
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SBP penalises five commercial banks | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank has slapped a penalty of Rs57.8 million on five commercial banks for violating rules and regulations during the quarter ended December 31, 2021. Citing the nature of the offence by the banks, the central bank said that they committed “violation of regulatory instructions pertaining to general banking operations.” The State…
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Climate change poses critical challenge | The Express Tribune
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[ad_1] KARACHI: Foreign investors in Pakistan have acknowledged that climate change is a major threat to the country’s economy. “Climate change is a major problem and Pakistan has to take steps to mitigate it similar to the developed countries,” remarked Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood in a video message…
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NPMC worried over high flour prices in Quetta | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has advised the Ministry of Industries and Production to expedite the process of building strategic reserves of sugar to keep prices stable. He asked the ministry to draw up a pattern of demand and supply of different varieties and brands of edible oil and take…
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Lack of consensus delays $700m loan | The Express Tribune
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[ad_1] ISLAMABAD: Fissures between the centre and provinces over a uniform sales tax system and property valuation rates across the country have delayed the approval of two foreign loans worth at least $700 million amid the federating units’ reluctance to accept the centre’s position. The World Bank has indicated that it will give a minimum…
