US clean energy and defense will be affected by Chinese export restrictions Blogging Sole

US clean energy and defense will be affected by Chinese export restrictions

 Blogging Sole

A central processing unit (CPU) semiconductor chip is displayed among the flags of China and the United States, in this illustrative photo taken February 17, 2023. — Reuters WASHINGTON: China’s retaliatory export control measures could take a toll on America’s growing clean energy sector and its defense industry, analysts say, as the trade fight intensifies … Read more

A look at the crucial role of regulators in the electricity sector Blogging Sole

A look at the crucial role of regulators in the electricity sector

 Blogging Sole

A representative image of transmission lines. — AFP/File ISLAMABAD: As Pakistan’s economy shows promising signs of recovery, the power sector plays a pivotal role in sustainable growth. THE Economic update And Outlook for November 2024 highlights a significant increase in foreign direct investment (FDI) in the sector, with $414 million invested in the first four … Read more

Experts weigh in on economic repercussions of another PTI anti-government move Blogging Sole

Experts weigh in on economic repercussions of another PTI anti-government move

 Blogging Sole

PTI supporters take part in a protest in Islamabad on November 26, 2024. — Reuters Expert warns of decline in remittances due to use of informal channels. Highlights potential difficulties in collecting taxes for the government. One must observe how Pakistani expatriates respond to Khan’s calling: banker. KARACHI: The Pakistan Tehreek-e-Insaf (PTI) has marched on … Read more

Policy rate likely to be cut by 200 basis points in next MPC, experts say Blogging Sole

Policy rate likely to be cut by 200 basis points in next MPC, experts say

 Blogging Sole

State Bank of Pakistan building in this undated image. — AFP/File The SBP has cut interest rates four times in a row since June. The CPI for November stood at 4.9%, well below the general market consensus. 71% of survey participants expect a minimum rate cut of 200 basis points by the SBP. The State … Read more

Prime Minister congratulates country on weekly drop in inflation to 3.57% Blogging Sole

Prime Minister congratulates country on weekly drop in inflation to 3.57%

 Blogging Sole

Prime Minister Shehbaz Sharif addresses the COP29 Climate Action Summit in Baku, Azerbaijan, November 13, 2024. — PID The Prime Minister reiterates the government’s commitments to economic recovery. “I remain faithful to all the promises I made,” the Prime Minister said. He says the country is moving towards progress after economic stability. ISLAMABAD: Prime Minister … Read more

Remittances expected to exceed $35 billion this fiscal year: FinMin Aurangzeb Blogging Sole

Remittances expected to exceed  billion this fiscal year: FinMin Aurangzeb

 Blogging Sole

Finance Minister Muhammad Aurangzeb addresses a press conference in this undated image. – APPLICATION FinMin attributes a positive projection to the government’s economic policies. Aurangzeb emphasizes the role of the private sector in the economy. The minister discusses the economic losses of the last 6 years amounting to Rs6 tr. KARACHI: Finance Minister Muhammad Aurangzeb … Read more

FinMin Aurangzeb reaffirms commitment to IMF program Blogging Sole

FinMin Aurangzeb reaffirms commitment to IMF program

 Blogging Sole

Finance Minister Muhammad Aurangzeb addresses a press conference in Islamabad on June 13, 2024. — AFP Strengthening economic stability remains a top priority. Housing and the private sector identified as a key economic driver. The government is committed to politically supporting private companies. ISLAMABAD: Finance Minister Mohammad Aurangzeb has reiterated the government’s commitment to fulfilling … Read more

Rs26.07 per unit to be charged for additional winter usage Blogging Sole

Rs26.07 per unit to be charged for additional winter usage

 Blogging Sole

Electricity transmission towers are pictured in Karachi on July 26, 2022. — Reuters The government is reviewing the winter electricity tariff structure nationwide. Conservation incentives introduced in a context of growing energy demand. Additional charges apply beyond seasonal consumption thresholds. ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved the federal government’s winter demand … Read more

In a first, PSX crosses 109,000 on stable macroeconomic indicators Blogging Sole

In a first, PSX crosses 109,000 on stable macroeconomic indicators

 Blogging Sole

A man uses a mobile phone to take a photo of the electronic board displaying stock prices during trading at the Pakistan Stock Exchange in Karachi. — AFP/File The KSE-100 index hit an intraday high of 109,478.08 points. The benchmark index crossed the 100,000 mark seven days ago. The rally continues after the refinancing of … Read more

FBR imposes 10% withholding tax on wedding halls Blogging Sole

FBR imposes 10% withholding tax on wedding halls

 Blogging Sole

An image of a wedding venue. — Reuters/File KARACHI: The Federal Board of Revenue (FBR) has imposed a 10 per cent withholding tax on wedding halls, which the Marriage Hall Association said would be borne by the event organizers. In a statement released on Friday, association president Rana Raees said the tax would be collected … Read more