The influential sugar industry is attempting to align bagasse prices, a residue of sugarcane, with coal prices in order to increase them by five to eight times the prevailing value, sources said on Monday.” Bagasse is used as biofuel at the industrial level. Due to the increasing high cost of thermal energy and significant taxes on it, various options are being explored in Pakistan to reduce e
Thanks to a significant drop in the international market, petrol and high-speed diesel (HSD) prices are expected to decrease by about Rs15 and Rs9 per litre on May 15 despite increased import premiums. Informed sources said the prices of petrol and HSD had declined in the international market by about $8.7 and $4.3 per barrel, respectively, in the last fortnight. Depending on the final calculat
Pakistan and the International Monetary Fund (IMF) on Monday kick-started negotiations on 24th ‘longer and larger’ bailout programme, starting with an anticipated upfront fiscal adjustment of more than Rs1.6 trillion (1.5pc of GDP) in the upcoming budget. Pakistani side, led by Finance Minister Muhammad Aurangzeb comprised Governor State Bank of Pakistan Jameel Ahmed, Chairman Federal Board of
In these early signs of economic stability, current policymakers often cite the increase in KSE 100 levels as a sign of investor confidence. While this is correct, many blue-chip companies are trading at a fraction of their peak dollar valuations reached during the MSCI Emerging Market-induced euphoria in 2017, as well as the post-COVID interest rate cut-led rally in the summer of 2021. Can increa
Solar prices have dropped by 15% to 25% due to widespread imports and increased supply relative to consumption in the country. This has made solar panels available at historically low levels in the local market for consumers. Faisal Bawani, the importer of solar panels of leading brands, told The Express Tribune that the cost of solar panels per watt has further decreased by Rs7 to Rs13 in the las