Govt likely to increase fuel price | The Express Tribune

ISLAMABAD: In a potential blow to consumers, the interim government is considering raising petrol prices by Rs8 to Rs11 per litre, effective from February 1, 2024, depending on the exchange rate adjustments. High-Speed Diesel (HSD) prices are also anticipated to increase by Rs2 to Rs7 per litre during the upcoming fortnight, beginning January 1, driven […]

Pak Suzuki agrees to 50% increase in buyback price | The Express Tribune

KARACHI: Pak Suzuki Motor Company has agreed to increase the price of its shares under a buyback plan to Rs609 per share to qualify for delisting from the Pakistan Stock Exchange (PSX). Earlier, the Japanese car manufacturing firm had offered to buy back its shares from the general public at Rs406 per share in the […]

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

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 […]

ECC okays up to 5% increase in urea prices | The Express Tribune

ISLAMABAD: The government on Tuesday approved an increase of up to Rs171, or 5%, in urea prices to recover the cost of imported fertiliser after both the centre and provinces refused to bear the cost of subsidy. The arrangement was approved by the Economic Coordination Committee (ECC) of the cabinet after entering into an agreement […]

More than Rs3 per unit increase in power price approved

Electricity meters under a transformer in Faisalabad, on September 2023. — APP ISLAMABAD: A Rs3.07 per unit increase in electricity prices has been approved, applicable to all consumers of all power distribution companies, the National Electric Power Regulatory Authority (Nepra) said Tuesday. “The […] adjustment shall be shown separately in the consumers’ bills on the […]

Govt plans to increase strategic petroleum reserves

A large number of the Oil Tankers are parked at the Shireen Jinnah Colony in Karachi on September 19, 2023. — Online As tensions in the Middle East continue to soar, the caretaker government Sunday decided to increase its strategic petroleum reserves, sources in the Petroleum Division told Geo News on Sunday. The government’s decision comes […]

After much ado, increase in gas rates approved | The Express Tribune

ISLAMABAD: The federal cabinet on Monday approved up to 193% increase in gas prices to recover an additional Rs350 billion from consumers in this fiscal year while making some further adjustments in the recommended rates for industrial and CNG consumers. Headed by Prime Minister Anwaarul Haq Kakar, the cabinet approved up to 172% increase for […]

Handicraft brand aims to increase presence in China | The Express Tribune

BEIJING: A China-based Pakistani handicraft enterprise has said that it has formed many partnerships as people enjoy using its products and the company foresees an increase in the number of physical stores in China. The brand, specialising in premium handmade scarves and carpets from Pakistan, India and Iran, boasts nine offline storesin major Chinese cities […]

Time to increase returns for local USD holders | The Express Tribune

KARACHI: A sigh of relief is being noticed among pundits. It is loud and clear that we don’t earn enough – in rupee (fiscal) and in USD (external debt) – to put the country on a sustainable recovery path. While aggressive danda-nomics has proven productive to bring USD from Rs335 to Rs290 in open market, […]

Exports to China increase by 5.16% | The Express Tribune

ISLAMABAD: Pakistan’s exports of goods and services to China have increased by 5.16% in the first two months of the fiscal year 2023-24, reaching $350.297 million, compared to $333.077 million in the same period last year. This marks a substantial 25.09% increase yearly as reported by the State Bank of Pakistan. In August 2023, exports […]

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