KARACHI: The price of gold has dropped sharply in the domestic market in the wake of stern action against the mafia involved in illegal activities. Since the crackdown on illicit trade, the price of gold has come down by a whopping Rs27,000, reaching Rs188,000 per tola. The local gold pricing body has not been releasing […]
Crackdown pulls down gold price sharply | The Express Tribune Read More »
KARACHI: Pakistan Stock Exchange (PSX) has taken the lead as one of the best-performing markets globally, showing a remarkable recovery of 12% in the quarter ending on September 29, 2023. Topline Research has indicated that the future direction of the market will be influenced by several key factors in the upcoming quarter, including the outcome
PSX leads in global markets | The Express Tribune Read More »
ISLAMABAD: Minister for Planning, Development, and Special Initiatives, Muhammad Sami Saeed, chaired a meeting of the National Price Monitoring Committee (NPMC) on Monday to evaluate the prices of essential commodities. During the meeting, he stressed the importance of maintaining stable food prices and providing relief to the general public. The minister expressed a zero-tolerance policy
Minister urges strict price control measures | The Express Tribune Read More »
LAHORE/ ISLAMABAD: The Pakistan International Airlines (PIA) flights began returning to normal on Saturday as their engines roared to life following delays and suspensions caused by a shortage of funds and failure to pay Pakistan State Oil (PSO) for fuel supply. Inside sources said that PIA operations are gradually returning to normal after receiving financial
PIA flight operations returning to ‘normal’ | The Express Tribune Read More »
KARACHI: The State Bank of Pakistan (SBP) has reported a 1.8% decline in foreign exchange reserves on a week-on-week basis, with the total now standing at $7.64 billion. According to data released by the central bank on Thursday, its foreign currency reserves decreased by $140 million and reached $7,638.9 million in the week ended on
Foreign currency reserves fall by $140m to $7.64b | The Express Tribune Read More »
ISLAMABAD: The International Monetary Fund (IMF) has urged the caretaker government to improve its power generation system in order to provide relief to Pakistani consumers, while demanding that the government withdraw the subsidy it is providing on gas being supplied to captive power plants (CPPs). The IMF made this demand during its talks with the
IMF sets conditions for power bill relief | The Express Tribune Read More »
ISLAMABAD: Recently, an oil bonded warehouse policy has been announced. This is one of the best and useful policies that one would have seen in recent years. Petroleum Division is the author of this policy along with input from relevant agencies like the Federal Board of Revenue (FBR), Customs and commerce ministry, who deserve accolades.
Oil bonded warehouse policy’s impact on economy | The Express Tribune Read More »
ISLAMBAD: The International Monetary Fund (IMF) has asked the caretaker government to implement the terms of the $3 billion standby arrangement, including reducing costs and speeding up the process of privatisation of public entities. The Washington-based lender has also demanded that 203 government companies should be removed from the ministries and placed under the finance
Interim set-up told to step up SOEs’ privatisation | The Express Tribune Read More »
LAHORE: Caretaker Minister for Commerce and Industries Dr Gohar Ejaz has urged exporters to shift their focus to value-added products to meet the $80 billion export target needed to run Pakistan. Addressing the All Pakistan Textile Mills Association (APTAMA) on Saturday, the minister said that the country needs new reforms and $80b within 90 days. “We will complete
Commerce minister urges exporters to achieve $80b target | The Express Tribune Read More »
ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar on Wednesday said that the recently-instituted Special Investment Facilitation Council (SIFC) would continue to work as before in laying the foundations for fast-track foreign investments — particularly from Saudi Arabia. The prime minister, in a meeting with Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malkiy who called on him,
Kakar sees SIFC as engine of prosperity | The Express Tribune Read More »
