Tribune
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Dealing with rising oil prices | The Express Tribune
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[ad_1] ISLAMABAD: There is no increase in petroleum prices this time around, although crude oil prices have reached $90 per barrel. The government has done away with GST on petroleum altogether and has maintained some petroleum development levy (PDL), which has made the status quo in prices possible. The government will suffer a loss of…
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Embedding ESG into any business | The Express Tribune
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[ad_1] ISLAMABAD: As an environmental, social and governance (ESG) entrepreneur, I often get asked questions like “I own a software company, I do not need to worry about ESG right?” To that, my response is “yes, if you are not factoring in the 10 international business trips you take a year, generating more than 20…
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Demand for housing and demographics | The Express Tribune
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[ad_1] NORTHAMPTON: Demographics play an important role in influencing house prices. Seminal research on US house prices by N Gregory Mankiw and David N Weil in 1989 showed that the quantity of housing demanded exhibits a sharp jump between the ages of 20 and 30, as a large proportion of households becomes owner-occupiers, which flattens…
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Urban planning for cars in capital | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad, once known as a city of parks and gardens, is rapidly becoming a city of cars and SUVs. It is a great place to live in – if you are a car. Thanks to Doxiadis Associates, the capital was designed assuming that there would never be an uncontrolled urban sprawl and that…
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Bigger lies in statistics | The Express Tribune
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[ad_1] ISLAMABAD: One of the statistical jokes says that if your one foot is on fire and the other on ice, you should feel comfortable on average, and that is what an average Pakistani is supposed to feel if we go by statistics on our economy. Moreover, every Pakistani got richer overnight, a few days…
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Foreign debt to ‘jump to $103b’ by end of next fiscal | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund has revealed that Pakistan owes $18.4 billion or one-fifth of its external public debt to China, which is not only $4 billion higher than the officially reported figures but is also the highest lending by any single country or financial institution. In its new report on Pakistan, the IMF…
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Third LNG facility to become functional in 2023 | The Express Tribune
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[ad_1] ISLAMABAD: At present, two liquefied natural gas (LNG) terminals are operating in the country to meet the ever-growing energy needs of consumers and the third facility will be functional by next year, Federal Minister for Energy Hammad Azhar has said. In an interview with Bloomberg, the minister said that Qatar, one of the top…
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Pakistan to get $3b from IMF in next 7 months | The Express Tribune
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[ad_1] KARACHI: Pakistan is scheduled to receive the remaining $3 billion under the International Monetary Fund’s (IMF) $6 billion loan programme over the next seven months, which will help stabilise its foreign exchange reserves and strengthen the rupee. The IMF has released $1.05 billion after completion of the sixth review, taking the total amount to…
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Inflation takes toll on kinnow processing | The Express Tribune
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[ad_1] KARACHI: The mounting cost of doing business coupled with supply-side disruptions amid Covid-19 pandemic has taken a toll on the kinnow processing industry of Pakistan. Around 100 kinnow processing factories shut down in Sargodha district alone, after experiencing drastic losses on the back of soaring commodity prices and pandemic induced limitations, Pakistan Businesses Forum…
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Crisis looms as wheat sowing shrinks in Punjab | The Express Tribune
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[ad_1] ISLAMABAD: A wheat crisis is still looming in the country as cultivation of the staple crop has dropped in Punjab, setting off alarm bells. Chairman of the National Price Monitoring Committee (NPMC) has expressed concern over the decline in wheat plantation area in Punjab compared to the target set for the current season. In…
