Kaiser Bengali quits committees formed to cut expenses
Economist Dr Kaiser Bengali speaks at an int’l conference on the transformation of ideas in Pakistan’s political culture on February 20, 2024. — Facebook/Karachi University ISLAMABAD: After blaming Prime Minister Shehbaz Sharif’s administration for not following recommended steps, renowned economist Dr Kaiser Bengali on Saturday tendered his resignation from three government committees formed to envisage […]
Sindh govt pushed for electricity price cut in line with Punjab | The Express Tribune
Listen to article Sindh Governor Kamran Tessori has announced that he will write a letter to the provincial government, urging them to reduce electricity costs in Sindh, similar to the relief provided in Punjab. During a press conference in Karachi, Tessori emphasized that the Sindh government should offer the same relief to its residents as Punjab has, […]
Slight cut in power tariff likely | The Express Tribune
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is likely cut the power tariff by Rs0.3142 per unit on account of fuel charges adjustment for July 2024. The Central Power Purchasing Agency (CPPA) has moved a petition to Nepra that it is ready to refund this per-unit price to the consumers in their September 2024 […]
Berkshire Hathaway’s Apple stake cut sparks major tech sell-off | The Express Tribune
Apple (AAPL.O) and Nvidia (NVDA.O) spearheaded a significant sell-off in technology stocks on Monday as US recession concerns and Berkshire Hathaway’s (BRKa.N) decision to cut its stake in Apple ended a months-long rally in the sector. High-performing shares of Alphabet (GOOGL.O), Amazon (AMZN.O), Meta Platforms (META.O), Microsoft (MSFT.O), and Tesla (TSLA.O), along with Apple and […]
Intel says it will slash 15% workforce to cut costs
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Chipmaker Intel is set to lay off thousands of workers as the company tries to recover from an eroding market share. — AFP US chip maker Intel said Thursday it will slash more than 15 per cent of […]
Privatisation, rate cut expectations propel KSE-100 beyond 80,000 Points
A trader is busy on call as resumes business at the Pakistan Stock Exchange (PSX) building in Karachi. — PPI/Files KARACHI: Stocks on Wednesday soared past the 80,000 mark, buoyed by the heightened investor interest in state-owned enterprises (SOEs) and hopes of a rate cut. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 gained 739.71 points or 0.93% to […]
Major relief for masses as PM announces petrol, diesel prices cut ahead of Eid ul Adha
A person fills his car’s tank at a fuel station in this undated file image. — AFP The Prime Minister’s Office on Friday night announced a major relief for the masses, notifying Rs10.2 per litre cut in petrol price ahead of Eid ul Adha. Federal Minister for Information Attaullah Tarar confirmed the development, saying that […]
Govt unveils plan to cut rising production costs | The Express Tribune
LAHORE: Federal Minister for Commerce Jam Kamal Khan stated that the government has devised a comprehensive strategy to address the rising production costs and promote the manufacturing sector in Pakistan. Speaking to the business community at the Lahore Chamber of Commerce and Industry (LCCI) on Wednesday, Khan stressed the importance of a conducive business environment […]
Govt implements sweeping fiscal reforms to cut debt | The Express Tribune
ISLAMABAD: The federal government, on Monday, notified new fiscal rules to reduce its debt servicing cost by gradually tapping into trillions of rupees of public money that ministries and departments have parked in commercial banks. The Ministry of Finance issued new Cash Management and Treasury Single Account Rules in order to capture the details and […]
PM orders ‘drastic measures’ to cut power tariff
Prime Minister Shehbaz Sharif chairs a meeting regarding power sector in Islamabad on April 15, 2024. — PID ISLAMABAD: In a sigh of relief for the common man, Prime Minister Shehbaz Sharif on Monday directed for drastic measures to reduce the per unit cost of electricity. Presiding over a high-level review meeting regarding power sector, […]