News

Telecom firms barred from sharing information

The government has barred telecom companies from sharing information with any individual, entity or organisation about lawful interception between the Pakistan Telecommunication Authority (PTA) and the operators of telecommunication systems. Sources told The Express Tribune that the Information Technology and Telecommunication Division had approached the government to maintain confidentiality f

Auto sector seeks tax rationalisation

Experts have expressed grave concern about the plight of the struggling auto industry and its future outlook, while appealing to the government to control the massive influx of imported vehicles through rationalising taxes. They said such a move will revive the local market, protect the interests of local car manufacturers and ensure the sustainability of livelihoods. “The auto industry has

Reduction in power tariff demanded

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded that the government immediately reduce the interest rate to 12%. Electricity price should be reduced to 9 cents per unit for all industries while contracts with the independent power producers (IPPs) should be revisited, it said. FPCCI Regional Chairman and Vice President Zaki Aijaz, while addressing a press co

Rupee stable on demand-supply equilibrium

Pakistani currency on Wednesday closed stable at Rs278.30 against the US dollar in the inter-bank market, indicating that demand and supply of the foreign currency have hit equilibrium. Before closing at the previous day’s level, the currency briefly extended gains by Rs0.13 and reached its intra-day high at Rs278.17 against the greenback on optimism Prime Minister Shehbaz Sharif would be able

Businessmen demand action against crimes

Expressing concern over the recent target killing of business leader Asif Suleman Bilwani, businessmen and industrialists of Karachi have appealed to the army chief, prime minister and Sindh chief minister to swing into action forthwith against the runaway crime rates including target killings, street crimes, armed robberies and other heinous crimes in the economic hub of the country. They