Tribune
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MSCI likely to add Pakistan to FM 100 index | The Express Tribune
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[ad_1] ISLAMABAD: The Morgan Stanley Capital International (MSCI) will announce the results of its consultation with global investors for potentially making Pakistan a part of its Frontier Market (FM) 100 index and FM 15% Country Capped index, developing an outlook for foreign investment flows into the country. The result of the consultation along with MSCI…
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Govt to clear way for K-Electric’s sale | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Shaukat Tarin on Monday reassured K-Electric’s investors of addressing the bottlenecks in the way of sale of the power utility’s majority shares to Shanghai Electric Power. A delegation comprising K-Electric’s board of directors representing Saudi Arabia’s Aljomaih Investments and other Middle Eastern firms met the finance minister. According to sources, the…
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Pakistan, China for strengthening tech cooperation | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and China are aiming to deepen two-way cooperation in areas of academics, research and development, industries and technological advancements. In this regard, Zhongguancun Belt and Road Industrial Promotion Association (ZBRA) of China and Special Technology Zones Authority (STZA) have signed a letter of intent to promote the exchange of “high-quality” science and…
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Pakistan, Japan to execute water supply scheme | The Express Tribune
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[ad_1] ISLAMABAD: Japan is the second largest donor to Pakistan and since 1954 Tokyo has provided ¥1.35 trillion for Pakistan through concessionary loans, grants and technical assistance for vocational training, energy sector, road and transport, said Ambassador of Japan Mitsuhiro Wada. In a meeting with Minister for Economic Affairs Omar Ayub Khan on Monday, the…
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Farmers announce protest against agri taxes | The Express Tribune
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[ad_1] LAHORE: Farmers have decided to protest against the withdrawal of tax exemptions in the mini budget as well as imposition of additional levies which have increased their cost of production by a manifold. According to the Pakistan Kissan Ittehad, they have decided to observe a protest on February 14. In a statement on Monday,…
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Work on KPT track may begin soon | The Express Tribune
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[ad_1] ISLAMABAD: The government is set to build a dedicated double-track corridor from Karachi Port to a new rail-to-logistics terminal in Pipri Marshalling Yard to tackle port congestion. Sources told The Express Tribune that around 10,000 containers were parked at Karachi Port, which was a cause of severe congestion. The matter was referred to the…
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SC defines terms for conviction over default on payment | The Express Tribune
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[ad_1] ISLAMABAD: The Supreme Court has ruled that indefinite confinement over default on payments is in violation of articles 9, 10 and 14 of the Constitution. In his seven-page judgment on a case pertaining to eight-year imprisonment of a person over default, Justice Aminuddin Khan said that the “law does not call for indefinite incarceration…
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Market watch: Selling pressure pulls stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange endured a range-bound session on Monday, as sceptical investors once again adopted a wait-and-watch approach and kept trading activity thin amid an unsatisfactory economic outlook and uncertainties. Volatility persisted at the bourse, as the benchmark KSE-100 index after surging past the 46,000-point mark during the day failed to keep…
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‘Pakistan aims to set up semiconductors zone with China’s help’ | The Express Tribune
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[ad_1] BEIJING: Pakistan has proposed an ambitious plan to build the semiconductors zone with the help of China, converting the country to self-sufficiency in modern gadgets and opening new avenues for development. This was stated by Federal Minister for Information and Broadcasting, Fawad Chaudhry in an interview. He said during the visit of Prime Minister…
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Oil falls on positive signals from US-Iran talks | The Express Tribune
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[ad_1] LONDON: Oil prices fell on Monday as signs of a progress in the US-Iran nuclear talks that could lead to removal of US sanctions on Iranian oil sales offset concerns about the tight supplies. Brent crude was down $0.31, or 0.3%, at $92.96 by 1153 GMT, after earlier touching $94, its highest level since…
