EconomyNew aviation policy to be forwarded for approval to federal cabinet next month
The aviation secretary said the new policy would provide more facilities and procedures would be eased to attract more airlines to Pakistan
Feb 16, 2019
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Economy
EconomyWithholding tax collection on profit from government securities nosedives 25%
During July-January of current FY19, the collection of withholding tax from banking deposits soared 221% and counterbalanced the fall in tax collection from profit on government securities
Feb 16, 2019
EconomyEfforts underway for removing impediments in bilateral trade between Pakistan & Russia
The Russian ambassador to Pakistan said the country was initiating work on an offshore gas pipeline in Pakistan, which would enable in resolving energy issues in upcountry areas
Feb 16, 2019
HeadlinesSindh, Balochistan face gas shortage, as LNG terminal goes offline for maintenance
To mitigate the fall out from the shortage of gas, SSGC announced an additional 12-hour gas holiday for compressed natural gas (CNG) fuel stations across Sindh on Saturday in order to provide supply gas to domestic and commercial consumers
Feb 16, 2019
EconomyTotal external debt & liabilities soar to $99.1 billion by end of December 2018
During the first half (July-December) of FY19, the government procured $11.3 billion loans from several countries compared to $8.6 billion till the end of June last year
Feb 16, 2019
EconomyPakistan to brief FATF on measures against money laundering
Feb 14, 2019
EconomyPakistan to request Saudi Arabia for commencement of dialogue on PTA
According to official sources, the PTA will envelop tariff and non-tariff barriers (NTBs) which will aid Pakistan in diversifying its export portfolio to Saudi Arabia
Feb 14, 2019
EconomySBP to cease issuance of Rs40,000 prize bonds from 15th Feb
The decision was taken to appease global watchdogs, who had doubts about the investment of black money via these bonds
Feb 14, 2019
EconomyFederal govt debt rises by Rs2.42 trillion to Rs26.64 trillion in 1st half of FY19
Around Rs200 billion in debt was added in December alone, however, the speed of debt accumulation has slowed due to a relatively stable exchange rate
Feb 14, 2019
EconomyCCoE gives approval for import of LNG
CCoE has instructed the petroleum division to move forward with the development of the LNG infrastructure needed to transport additional LNG from Port Qasim to Pak Land
Feb 14, 2019
EconomySSGC, SNGPL to charge different tariffs for RLNG supply to domestic and industrial consumers
The management committee of SNGPL in a meeting decided to regularize enhanced loads of commercial and industrial consumers on condition they are prepared to bear the bills of enhanced loads to them at RLNG tariff
Feb 14, 2019
EconomyGovt will require to reduce borrowings from central bank, implement VAT under IMF programme: Report
According to official sources, the IMF will demand to attain a primary balance of budget into surplus, which is presently seeing a huge deficit
Feb 14, 2019