Tribune
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Power tariff likely to go up by Rs3.1 | The Express Tribune
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[ad_1] ISLAMABAD: The power consumers of Pakistan are likely to face another hike in electricity tariff of up to Rs3.10 per unit on account of fuel charges adjustment (FCA) for the month of December 2021. Conducting a public hearing on Central Power Purchasing Agency (CPPA-G) petition on Tuesday, the National Electric Power Regulatory Authority (Nepra)…
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PM’s China trip to draw investment in power sector | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Imran Khan’s upcoming visit to China is likely to help enhance investment in the power sector, revive Pakistan Steel Mills (PSM) and accelerate the relocation of industries to the Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC). The primary aim of the visit is to seek $3 billion in…
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Reversal of tax on EVs, solar panels demanded | The Express Tribune
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[ad_1] KARACHI: Stakeholders of the renewable energy sector have urged the government to withdraw the general sales tax on electric vehicles (EVs) and solar panels. They have also asked the International Monetary Fund (IMF) to play a responsible part in developing socially just and environment-friendly financing solutions for Pakistan. The Alliance for Climate Justice and…
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Oil sales surge 20% to 1.8m tons in January 2022 | The Express Tribune
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[ad_1] KARACHI: The demand for petroleum oil products remained robust despite the uptrend in prices, as wheat harvesting, power generation through oil-fired plants and building of domestic reserves in anticipation of a further hike in international prices generated strong demand in January. Besides, healthy industrial activities and growing car numbers on roads also contributed to…
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PIA to achieve break-even in 2025 | The Express Tribune
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[ad_1] ISLAMABAD: A foreign consultant on Tuesday presented a fiveyear business plan to the government for the revival of Pakistan International Airlines (PIA) and recommended the addition of 20 aircraft to the fleet and administrative and financial overhaul to turn around the airline by 2026. IATA Consulting gave a synopsis of the business plan to…
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Market watch: Stocks rally as investor optimism grows | The Express Tribune
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[ad_1] KARACHI: Bulls continued to dominate trading at the Pakistan Stock Exchange on Tuesday, as the benchmark KSE-100 index recorded significant gains for the second consecutive session, rising 300 points. The index managed to stay in the green zone throughout the day. A host of positive triggers including the rise in revenue collection by the…
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Oil dips below $89, eyeing faster OPEC+ hike | The Express Tribune
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[ad_1] LONDON: Oil slipped on Tuesday, staying close to a seven-year high, weighed by speculation OPEC+ could go further than expected to add supply at a meeting this week and expectations of a rise in US inventories. While the Organisation of the Petroleum Exporting Countries and allies, known as OPEC+, has been expected to maintain…
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India to tax cryptocurrencies at 30% | The Express Tribune
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[ad_1] MUMBAI: India will impose a tax of 30% on income from cryptocurrencies and other digital assets, Indian Finance Minister Nirmala Sitharaman said while presenting the federal budget on Tuesday. Aside from placing earnings from cryptocurrencies and non-fungible tokens (NFTs) in India’s highest tax band, Sitharaman also said losses from their sale could not be…
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Rs3.12 per unit increase likely in electricity prices | The Express Tribune
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[ad_1] ISLAMABAD: Electricity rates are likely to be jacked up by Rs3.12 per unit after a request for the same by Central Power Purchasing Agency (CPPA) has been made to the National Electric Power Regulatory Authority (NEPRA). The request to approve an increase of Rs3.12 per unit in electricity prices on account of Fuel Charges…
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Carbon market surges to $851b | The Express Tribune
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[ad_1] LONDON: The value of traded global markets for carbon dioxide (CO2) permits grew by 164% to a record €760 billion ($851 billion) last year, analysts at Refinitiv said on Monday. Most of the increase came from the European Union’s Emissions Trading System (EU ETS), which was launched in 2005 and is the world’s most…
