EconomyGovt takes away tax policy powers from FBR
A committee has been set up to chart out the legal and technical issues surrounding the decision
Nov 30, 2018
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Economy
HeadlinesOgra proposes Rs6.21 per litre increase in petrol price
Ogra has suggested an increase of Rs6.21 per litre in petrol, Rs2.0 per litre in high-speed diesel (HSD), Rs7.79 per litre in light diesel oil (LDO)
Nov 30, 2018
EconomyGovt loans from central bank soar to record high of Rs5.4 trillion
During July-September 2018, the federal government’s overall domestic debt rose to Rs16.9 trillion, increasing by 3% or Rs504 billion
Nov 30, 2018
EconomyIT minister tells Senate committee headway expected in recovery of $800m from Etisalat
While answering queries from Senator Imamuddin Shouqeen regarding the sale of PTCL properties, Mr Siddiqui said PTCL had been barred from selling its properties
Nov 29, 2018
EconomyCCoE bars import of imported furnace oil for three months
The Power Division apprised the committee that furnace oil was being utilized to stabilize fuel supply and in the last few months it was being used by power plants rather than LNG
Nov 29, 2018
EconomySuzuki seeks Greenfield status, tax benefits in exchange for $450 million investment
As per ADP 2016-2021 policy, Suzuki’s investment of $450 million would fall in the Brownfield category, however, it wants to avail tax benefits under the aegis of Greenfield project, said officials in the Ministry of Industry and Production (MoIP).
Nov 29, 2018
EconomyPakistan’s net international reserves stand at negative $4b, excluding IMF debt obligations
Till September 2018, SBP had obtained $7.22 billion from commercial banks in the aegis of forward and currency swap arrangements
Nov 29, 2018
EconomyGovernment reluctant to implement key reform on immovable properties
Notwithstanding, it is mandatory under Income tax law to establish the Directorate General of Immovable Property
Nov 29, 2018
EconomyMilitary makes income tax return filing mandatory for promotions
The official stated before the decrease in income tax rates, the army solely was paying nearly Rs398 million a month in income tax on salaries translating into a Rs4.8 billion yearly contribution to the national exchequer
Nov 29, 2018
HeadlinesCabinet approves appointment of Arif Usmani as NBP CEO: Report
Mr Usmani has been serving at Mashreq Bank and his previous experience includes stints as global head of wholesale banking at Abu Dhabi Islamic Bank PJSC, managing director and country officer of Citibank NA Pakista
Nov 29, 2018
EconomySugar industry, federal government at loggerheads over production price
Nov 27, 2018
HeadlinesNepra reserves judgement on power tariff hike
Currently, the uniform power tariff stands at Rs11.71 per unit and if the hike gets approved by Nepra, the rate would rise to Rs12.98 per unit, the representative said
Nov 27, 2018