Business

The PM tried to investigate the reduction of gas supply Prime Minister Shehbaz Sharif has ordered an inquiry into the reduction of gas supply to public gas utilities due to delays in payments. Sources told The Express Tribune that the prime minister intervened because the gas utility’s debt had risen to $600 million, which it had to pay to foreign …

The minister condemned the increase in the price of fertiliser Federal Minister for Industries and Production, Rana Tanveer Hussain, condemned the unilateral increase in the price of Sarsabz Urea fertilizer by Fatima Fertilizer Limited on Saturday. He expressed deep concern over the hike of Rs561 per bag of urea and urged the fertilizer company to withdraw this unilateral hike, a …

EV dealers are asking for incentives Out of a total of 34 two- and three-wheel Electric Vehicle (EV) brands, nearly 20 have introduced newer models, catering to all age groups. Sales volumes have improved following a lackluster period during Ramadan. The Engineering Development Board (EDB) has granted licenses to 34 EV bike companies, including those that manufacture electric rickshaws. While …

Packaging film firm plans Rs1.47b IPO International Packaging Films (IPAK) has planned to raise at least Rs1.47 billion through the sale of 70.1 million of its shares at prices starting from Rs21 per share on the Pakistan Stock Exchange (PSX) early next month. PSX book building rules allow a maximum 40% increase in the share price to Rs29.40 during bidding …

PSX rose on better economic outlook The Pakistan Stock Exchange (PSX) rallied in a remarkable way last week as it surged to a new high of around 72,750 points as activity was fueled by Iran’s president’s visit to Pakistan and speculation about the upcoming monetary policy and new loan talks with the International Monetary Fund. Fund (IMF). Some other major …

Turkmenistan vows to complete gas project Ashgabat is committed to completing the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project with regional countries, said CEO of TAPI Pipeline Company Limited Muhammetmyrat Amanov. He said Turkmenistan has advanced energy projects with strong commitment and in accordance with international law, said a press release issued here. “Turkmenistan made significant progress in the TAPI natural gas …

Poppy Harlow announced she is leaving CNN after nearly two decades Poppy Harlow, the longtime CNN adviser who co-hosts “CNN This Morning” on Fridays, announced Friday that she is leaving the network. “The nearly two decades since then have been a gift,” Harlow wrote in an email to a colleague. “I was inspired by you and learned a lot from …

The home insurance market is collapsing. This owner paid the price The home insurance market collapsed in New Orleans, leaving Alfredo Herrera with few options for coverage — and skyrocketing insurance premiums. Herrera, 35, works in finance for a local bank. He bought his 900-square-foot home in the Mid-City neighborhood of New Orleans in 2020 for $270,000, and lives there …

A coal billionaire is building the world’s largest clean energy plant and it will be five times the size of Paris Five times the size of Paris. Seen from space. The largest power plant in the world. Enough electricity to power Switzerland. The scale of the project that is transforming a barren desert region on the outskirts of western India …

Walgreens has a cult ‘peelable’ candy, courtesy of the Tik Tok craze It’s small, smooth, chewy. It’s shaped like a cute baby mango and GenZers have gone crazy for it. Walgreens can’t keep it in stock. For the beleaguered drugstore chain, the odd “Gummy Mango” candy is a much-needed victory. It arrived last fall in about 2,500 of the 8,700 …