APP

Economy

As compared to the corresponding week of last year, the SPI for the combined income group in the week under review increased by 5.80 percent

Economy

Oil and Gas Regulatory Authority had given permission to gas companies to issue 0.3 million gas connections for the current years against the demand of 0.6 million

Economy

Secretary Textile said energy tariffs for export industries were being subsidized to secure their competitive edge in the international market

Economy

Ghulam Sarwar made a task force under Babar Nadeem, which would make recommendations on issues of oil refineries and would present the recommendations in next CCoE

Economy

Dhaga said Italy would extend cooperation for value addition of different sectors to boost exports

Economy

The committee was further informed that the government would privatize eight SOEs on priority which includes SME Bank, First Women Bank, Haveli Bahadur Power Plant, Parri Petroleum, Lakhra Coal Mines, Services International Hotel Lahore, and Jinnah Convention Center Islamabad

Economy

Federal Board of Revenue had been bifurcated into two departments and its job would be just collection of tax while policy would be formulated by the ministries of finance and commerce, said Khan

Economy

Minister was told in the meeting that under E-credit scheme interest-free loans of Rs 453,682 had been provided during last four seasons while loans of 32.027 percent were being provided during the ongoing season

Headlines

Punjab is producing 119 million cubic feet of gas (mmcfd) and getting 1,000 mmcfd, Khyber-Pakhtunkhwa (K-P) is producing 411 mmcfd and getting 296 mmcfd, Sindh is producing 2,320 mmcfd against the consumption of 1,696 mmcfd and Balochistan is producing 467 mmcfd against a demand for 292 mmcfd

Economy

About sales tax refund cases, Mr Tariq said that refund cases up to Rs100,000 would be paid at the RTO level while refund with huge amount would be released subject to the decision by the government

Economy

A senior official of the commerce ministry said Pakistan would get benefits of $250 million after signing the FTA with Thailand