Experts share two cents on Pakistan Economic Survey 2023-24

A vegetable vendor (L) attends to a customer at a market in Islamabad on June 3, 2024. — AFP Pakistan’s gross domestic product (GDP) witnessed a growth of 2.38% in the outgoing fiscal year unexpectedly as it was estimated to increase by 2%, said Finance Minister Muhammad Aurangzeb on Tuesday. While unveiling the Pakistan Economic Survey 2023-24, […]

Tax sectors with higher GDP share: OICCI | The Express Tribune

LAHORE: Major overseas investors, in their taxation proposals for the upcoming budget for fiscal year 2024-25, have asked the federal government to consider taxing the untapped sectors which have a high potential and a huge share in the country’s gross domestic product (GDP). These sectors include immovable property, undocumented non-corporate businesses, transport and construction businesses, […]

Experts ‘evaluated’ Reko Diq mine share price

A construction site of Tethyan Copper Company, a joint venture between Barrick Gold of Canada and Antofagasta Minerals of Chile, in Reko Diq, in Balochistan. — ISLAMABAD: A top official has said that the federal government hired global experts to assess the share price of the Reko Diq gold mine as Islamabad seeks to […]

US, China at each other’s throats for lion’s share of over $100b AI chip market

Illustration of a semiconductor chip and OpenAI’s generative artificial intelligence platform GPT-4 – Unsplash/file Tremendous progress in artificial intelligence (AI) is leading to significant revenue generation due to increased demands in semiconductor production, which is expected to exceed $100 billion by 2027, leading to exponential expansion of the industry. Semiconductors are essentially small chips with the property […]

Experts share rewards and risks of new IMF programme | The Express Tribune

ISLAMBAD: Pakistani experts are cautiously embracing the International Monetary Fund (IMF) programme, as the new $3 billion agreement offers immediate relief from the threat of default. However, independent analysts and stakeholders in Pakistan remain sceptical about the programme’s potential for large-scale impact and its political implications. While speaking to The Express Tribune, a representative of […]

Debt servicing to take lion’s share in budget | The Express Tribune

ISLAMABAD: The government may unveil a fiscally expansionary budget of around Rs14.6 trillion – an unprecedented 50% increase over this’s year’s approved budget – mainly on account of a record high interest payments. Sources told The Express Tribune that for fiscal year 2023-24, budget deficit – gap between expenses and the income – is estimated […]

Pakistan has little share in Malaysia imports | The Express Tribune

KARACHI: Pakistan’s share in Malaysian imports of $238 billion is insignificant that can be enhanced through little efforts and Pakistani embassy in Malaysia can play an instrumental role in this regard. Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President Mian Rehman Aziz Chan said this while talking to a delegation of Malaysian entrepreneurs, […]

Crisis-hit Sri Lanka halts share trading as protests spiral | The Express Tribune

COLOMBO: Sri Lanka on Saturday announced a five-day share trading halt after the crisis-hit country hiked interest rates and declared a default on its external debt during the traditional New Year holiday, as trade unions and top cricket stars joined protests demanding the president’s resignation. The move came ahead of Colombo’s planned talks with the […]

Gansu to share agricultural expertise with Pakistan | The Express Tribune

Gansu Academy of Agricultural Sciences (GAAS) and the Islamia University of Bahawalpur (IUB) discussed a roadmap for boosting agricultural cooperation in the future, with advanced Chinese technologies to be transferred to Pakistan. Gansu and Pakistan share similarities in climate, crop types and environment. According to Gansu Academy of Agricultural Sciences Vice President Fan Tinglu, high-yielding […]

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