Tribune
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NEPRA likely to slash KE power tariff by Rs2.59 | The Express Tribune
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[ad_1] ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is likely to cut power tariff by Rs2.59 per unit for K-Electric consumers on account of fuel adjustment for the month of December 2021. The consumers in Karachi may get relief of Rs3 billion as National Electric Power Regulatory Authority(NEPRA) has hinted to slash a power tariff…
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Alphabet nearing $2tr valuation | The Express Tribune
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[ad_1] SAN FRANCISCO: Google-parent Alphabet Inc moved closer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant’s shares surged 8% on Wednesday after another blowout quarter. The gains, if they hold, could be the biggest single-day surge for the stock in nearly two years, easing some…
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Mian Mansha gives recipe for rapid economic growth | The Express Tribune
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[ad_1] LAHORE: Noted industrialist and Nishat Group Chairman Mian Muhammad Mansha has given a recipe for rapid economic growth and termed progressive market-oriented policies, based on modern methods, the key to success. “Pakistan can achieve rapid economic growth by reducing trade barriers and minimising state’s influence on the economy through privatisation and austerity,” Mansha said…
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Refineries demand more financing | The Express Tribune
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[ad_1] ISLAMABAD: The Oil Companies Advisory Council (OCAC) has approached the State Bank of Pakistan (SBP), asking it to enhance the provision of trade financing to meet working capital requirement of oil marketing companies (OMCs) and refineries as rupee depreciation and rising oil prices have impacted their finances. The request comes in the backdrop…
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Chinese firms introduce new tech in power sector | The Express Tribune
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[ad_1] ISLAMABAD: Massive energy projects, executed by Chinese firms in Pakistan, not only ended power outages in the country but also introduced the most advanced technologies in the power sector. These include the underground hydropower projects as well as the ultra-critical coal-fired power plants. In 2018, China Gezhouba Group Corp (CGGC) completed the construction of…
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Cement sales dip 16.6% in Jan | The Express Tribune
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[ad_1] LAHORE: The cement sector witnessed a contraction of 16.58% in January 2022 as total sales came in at 3.95 million tons against 4.73 million tons in the same month of last year. According to data released by the All Pakistan Cement Manufacturers Association (APCMA) on Wednesday, local offtake of the commodity shrank to 3.4…
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Trade deficit exceeds annual target | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s trade deficit widened to $28.8 billion in the first seven months of current fiscal year, which was more than the annual target set by the government, further increasing the foreign borrowing requirement to bridge the yawning gap. Pakistan Bureau of Statistics (PBS) released data on Wednesday which showed that the trade deficit…
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Spanish ambassador lauds Pakistan’s Covid strategy | The Express Tribune
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[ad_1] FAISALABAD: Pakistan and Spain are enjoying cordial business relations and both sides should make efforts to enhance bilateral trade, said Ambassador of Spain to Pakistan Manuel Durán Giménez-Rico. Speaking to a delegation of the Faisalabad Chamber of Commerce and Industry (FCCI) on Wednesday, Rico appreciated the efforts of the government of Pakistan in combating…
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UK seeks to enhance trade ties | The Express Tribune
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[ad_1] LONDON: The existing bilateral trade and investment ties between Pakistan and the United Kingdom should be enhanced further in diverse fields, noted UK’s Trade Envoy to Pakistan MP Mark Eastwood. At a conference titled “Pakistan; A Land of Opportunities”, the envoy underlined that he would be visiting Pakistan, accompanied by a business delegation, to…
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Industries losing Rs45b daily due to gas shortage | The Express Tribune
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[ad_1] KARACHI: The business community of Karachi has lamented that losses worth nearly Rs45 billion were being suffered by traders each day due to unavailability of gas to industrial units of the city. The businessmen held a protest in front of Sui Southern Gas Company’s (SSGC) office in Karachi on Wednesday to demand restoration of…
