Tribune
-
SIFC key to economic stability, says IT minister | The Express Tribune
.
[ad_1] ISLAMABAD: Caretaker Federal Minister for Information Technology and Telecommunication, Dr Saif Umar, stated on Saturday that the Special Investment Facilitation Council (SIFC) functions as an effective platform for ensuring economic stability and making timely decisions in the public interest. In a video statement, Umar highlighted, “SIFC is instrumental in paving the way for digital…
-
Despite reduction, oil prices still higher | The Express Tribune
.
[ad_1] KARACHI: Hyderabad Chamber of Small Traders and Small Industry President Muhammad Farooq Shaikhani has praised the government’s decision to reduce petroleum product prices, stating that this step will help mitigate the wave of inflation in the country. He said the announcement made on Friday by the Ministry of Finance, on the recommendation of the…
-
PC board approves rules to accelerate PIA privatisation | The Express Tribune
.
[ad_1] ISLAMABAD: The Privatisation Commission (PC) board has approved new rules to sell state entities through direct negotiations to foreign nations after setting their minimum price under a competitive process – in a move that will help fast-track the sale of Pakistan International Airlines (PIA). The privatisation ministry announced this week that the board had…
-
Investment in govt debt hits record | The Express Tribune
.
[ad_1] KARACHI: The parking of bank deposits in the safe-haven government debt securities hit a new high at 92% in November 2023, leaving very little financing for the private sector, which has remained the engine of economic growth. According to State Bank of Pakistan’s (SBP) latest data on commercial bank deposits, investments and advances, the…
-
Pakistan, Japan launch ambitious project to boost ICT exports | The Express Tribune
.
[ad_1] ISLAMABAD: The Federal Ministry of Information Technology and Telecommunication (MoITT), Pakistan, and the Japan International Cooperation Agency (JICA) have initiated an EAD-approved project focused on elevating Pakistan’s ICT industry exports to Japan and fostering partnerships between public and private entities. The formal Record of Discussions was signed by key representatives at MoITT on Friday,…
-
Sindh digitises all land record, offers online services | The Express Tribune
.
[ad_1] KARACHI: The government of Sindh has digitised all land record and maps of all estates of SITE Limited and Sindh Small Industries Corporation all over the province including Karachi, Nooriabad, Hyderabad, Kotri and Sukkur and now all services including no-objection certificates, permissions and transfers will be available online. Caretaker Minister for Revenue, Industries and…
-
Bulls snatch control as stocks rally | The Express Tribune
.
[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday enjoyed a handsome rally amid heavy trading as it crossed 66,000 points on the back of investor hopes ahead of International Monetary Fund’s (IMF) board meeting for loan approval and an increase in the State Bank’s foreign currency reserves. In the morning, when trading commenced, the market…
-
Govt resolves disputes with KE | The Express Tribune
.
[ad_1] ISLAMABAD: The interim government on Friday approved the finalisation of four deals with the country’s largest privately-managed power firm, K-Electric (KE), ending years-old disputes over power purchase payments and the supply of electricity. This decision sends a positive signal to foreign investors. The Economic Coordination Committee of the Cabinet approved the signing of the…
-
Govt cuts petrol price by Rs14, HSD by Rs13.50 per litre | The Express Tribune
.
[ad_1] The caretaker federal government has slashed the price of petrol by Rs14 per litre and high-speed diesel (HSD) by Rs13.50 per litre on Friday, providing much-needed relief to the people who have borne the brunt of a challenging economic crisis since mid-2022. The reduction came after the price of crude oil fell in international markets and…
-
High courts’ role in privatisation ends | The Express Tribune
.
[ad_1] ISLAMABAD: President Dr Arif Alvi on Thursday issued an ordinance to end the role of high courts in privatisation matters aimed at avoiding “unnecessary delays” in selling state assets and expeditiously resolving disputes. The president issued the Privatisation Commission (Amendment) Ordinance 2023, according to a statement released by the presidency. It added the Privatisation…
