ISLAMABAD: Information technology exporters have called for policy interventions in a bid to arrest the decline in IT goods and services exports and have demanded that the IT industry is irrevocably declared tax-free for a decade, notwithstanding any change in the government. They say that the Ministry of IT and Telecom, Pakistan Software Export Board […]
ISLAMABAD: Federal Minister for Economic Affairs, Ahad Cheema on Friday termed the Asian Development Outlook (ADO) report for April 2024 as a validation of the government’s correct economic policies. “The ADO from the Asian Development Bank is a strong endorsement of the government’s correct economic policies,” said the minister according to press statement issued by […]
BEIJING: Chint Power recently signed cooperation agreements with two photovoltaic (PV) companies for the distribution of 200 megawatts of inverters. Chint Power introduced industrial and commercial PV, ground power plant PV and energy storage system solutions at SolarEX in Turkey and reached these cooperation deals. Chint Power is a solar power system solution provider that […]
ISLAMABAD: Oil and gas exploration companies have called on the new government to formulate a policy that will offer incentives for optimising hydrocarbon production from the existing fields to ensure the country’s energy security. Sources told The Express Tribune that several oil and gas exploration companies had the potential to install advanced technology at their […]
NEW YORK: Oil rose around 1% on Friday, but was set for a small weekly loss, as geopolitical tensions in the Middle East outweighed a bearish world oil demand growth forecast from the International Energy Agency (IEA) and reduced expectations for the US interest rate cuts this year. Brent crude futures were up $1.02, or […]
KARACHI: Pakistan Stock Exchange (PSX) broke records one after another during the outgoing week when investors took the KSE-100 index above the psychological barrier of 70,000 points over reports of Saudi Arabia’s willingness to invest billions of dollars and upcoming talks with the International Monetary Fund (IMF) for a bigger loan programme. Though the market […]
VERONA: China’s top trade official warned Brussels against protectionism on Friday, saying Beijing was puzzled by EU probes into green tech exports and the bloc’s concerns they threaten the domestic solar panel, wind turbine and electric vehicle industries. Wang Wentao is travelling through Europe for discussions about the European Commission’s investigation into whether China’s electric […]
BENGALURU: Global investors dumped equity funds for the second consecutive week in the week ended April 10, amid persistent inflation worries and diminishing expectations for a US Federal Reserve rate cut in June. Economic data released on Wednesday showed US consumer prices increased more than expected in March, casting further doubt on whether the Federal […]
KARACHI: IT experts and social activists have presented some useful tips and pieces of advice to control misinformation, disinformation, harmful content, and concocted campaigns on social media. They suggest that the government should formulate rules and implement them strictly so that businesses on social media cannot be harmed. Social media is an emerging industry where […]
Federal Minister for Energy, Sardar Awais Khan Leghari, on Thursday announced a significant decrease in electricity bills for the month of April, Express News reported. In a statement, Leghari revealed a reduction of Rs3.82 per unit on electricity bills for April. This move comes as a relief to households and businesses grappling with rising utility […]
