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Remittances increase to $2.38 billion in December 2023 | The Express Tribune

Business

KARACHI: The inflow of workers’ remittances sent by overseas Pakistanis increased by 13% to $2.38 billion in December 2023 as funds were dispatched through official channels following the return of stability in the rupee-dollar parity and the crackdown against illegal currency networks.  The improvement in the remittances is expected to fuel the ongoing gradual rally in the rupee […]

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Cabinet explores intl best practices | The Express Tribune

Business

ISLAMABAD: In response to past disputes and international legal challenges faced by Pakistan, cabinet members are advocating for a comprehensive study of global best practices to instil confidence in investors regarding the security of their investments in the country. This move comes in light of previous legal conflicts between foreign companies and the Pakistani government,

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Economic revival, CPEC and Agenda 2047 – II | The Express Tribune

Business

ISLAMABAD: The ruling elite will have to realise that without overhauling its governance system and business environment, it can neither revive the economy nor achieve the goals of Agenda 2047. Thus, whether they like it or not, things will have to undergo drastic changes. After analysing the ground realities and setting targets, we have identified

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Experts stress need for opening up CPEC | The Express Tribune

Business

KARACHI: Pakistan is required to make a paradigm shift from geopolitics to geo-economics and open up the China-Pakistan Economic Corridor (CPEC) for its neighbours to achieve economic wellbeing and strengthen its position in the region and beyond. Speaking at a two-day conference on “South Asia and Regional Connectivity in the 21st Century”, organised by the

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Towards environmentally cleaner alternative fuels | The Express Tribune

Business

ISLAMABAD: Petrol, diesel, gas and liquefied petroleum gas (LPG) are widely known and used fuels. But there are other alternative fuels as well which can be used independently or can be mixed with the aforementioned fuels in various proportions. Motivations for the alternative fuels can vary depending on individual circumstances. These are environmentally cleaner, local

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SBP injects huge amount into banking system | The Express Tribune

Business

KARACHI: Pakistan’s central bank has injected a significantly large amount of Rs4.77 trillion into the banking system for up to four weeks to enable conventional and Shariah-compliant banks to meet the cash-strapped government’s financing needs. Market talk suggests that the State Bank of Pakistan (SBP) supplied a huge liquidity despite excessive funds with commercial banks

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Loss-making DISCOs struggle to avoid privatisation | The Express Tribune

Business

KARACHI: The two struggling and loss-making power distribution companies (DISCOs) of Sindh are girding up their loins to avoid the sword of privatisation as the caretaker government seems adamant to outsource all such non-remunerative public organisations. Recently, a team of World Bank officials met caretaker Federal Minister for Privatisation Fawad Hasan Fawad in Islamabad to

Loss-making DISCOs struggle to avoid privatisation | The Express Tribune Read More »

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