Govt to roll out quota system for two- and three-wheelers with digital vouchers and QR-based monitoring As the town runs on fumes, motorcyclists line up at a petroleum pump in Karachi, ready their flip amid surge in gas costs. Photograph: Jalal Qureshi / Categorical ISLAMABAD: The federal government has determined to introduce a cellular application-based…
A representational image showing crude oil tankers off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. — Reuters LAHORE: Renewed geopolitical tensions in the Middle East have once again laid bare the vulnerability of Pakistan’s fuel-dependent economy, with policy experts and industry leaders urging a faster shift towards clean energy,…
The UK is expected to suffer the largest economic hit among major global economies from the ongoing Middle East conflict, according to the OECD, which has sharply downgraded its growth forecasts and warned of rising inflation risks. In its latest outlook, the OECD cut the UK’s growth forecast for 2026 to just 0.7 per cent,…
A UK-based start-up is bringing Mickey Mouse and different iconic characters to smartphones after placing a significant content material cope with The Walt Disney Firm, in a bid to reverse declining studying habits amongst youngsters. London-founded Comixit has secured rights to adapt greater than 100 titles throughout Disney, Pixar and twentieth Century Studios into digital…
Subsequent has unveiled a significant enlargement of its UK logistics community, committing greater than £300 million to new warehouse infrastructure in a transfer it says might ship a £2.5 billion enhance to the broader financial system. The FTSE 100 group has secured planning permission for a brand new 1.2 million sq. foot distribution centre at…
Fund warns Middle East war risks inflation and growth as Pakistan secures $1.2bn tranche deal IMF objects to Rs1tr power subsidy. Design: Mohsin Alam ISLAMBAD: The International Monetary Fund (IMF) on Saturday announced a staff-level agreement with Pakistan for the release of about $1.2 billion under two loan tranches, while warning that the ongoing Middle…
A worker holds a fuel nozzle to fill fuel in a car, after the government announced the increase of petrol and diesel prices, at a petrol station in Karachi, September 16, 2023.— Reuters Govt to pay OMCs Rs95.59 on petrol, Rs203.88 on diesel under PDC. PM blocks petrol, diesel hikes, bears Rs56bn to protect consumers…
This picture exhibits the seal for the Worldwide Financial Fund (IMF) in Washington, DC on January 26, 2022. — AFP EFF and RSF critiques conclude efficiently. Whole disbursements might rise to $4.5bn. IMF flags Center East battle dangers. The Worldwide Financial Fund (IMF) mentioned on Friday it had reached a staff-level settlement with Pakistan on…
Senior vp says standing was secured by means of strict compliance with all required laws FPCCI officers addresses a press convention in Karachi. SCREENGRAB The Federation of Pakistan Chambers of Commerce and Trade (FPCCI) on Friday strongly condemned what its members described as a “unfavourable propaganda marketing campaign” towards the nation’s standing for the European Union’s…
Transfer goals to strengthen hyperlinks with monetary markets and encourage overseas funding Russia’s S-400 missile protection system is likely one of the most superior on the earth and might hit enemy targets at as much as 400 kilometers. PHOTO: AFP The federal government has determined to develop the scope of the Roshan Digital Account (RDA),…
