Monitoring Report

Economy

Chronic water shortage forced farmers in Sindh to ask the authorities to waive off all taxes which includes irrigation, land revenue and agriculture loans

Economy

As per the SC directives, this relief will last for 15 days after which the FBR and cellular companies would submit a mechanism to the apex court for collecting taxes via mobile phone top-up cards

Economy

The DG FIA informed the court Pakistani citizens had invested 4,240 billion UAE dirham in the Gulf nation

Economy

Before the apex court decision, provinces were collecting around 19.5 percent tax on a prepaid phone card, so their revenue collection losses would touch Rs75 billion annually

Economy

According to the report, ECT is an influential tool in the hands of large oil, gas and coal companies which permits them to dissuade governments from moving to clean energy

Headlines

Two units of Port Qasim with a capacity to generate 1,300MW electricity had developed a technical fault due to which they had ceased supplying power and Balloki power plant with 1,000MW capacity was operational for two days on a test run before going offline in the first week of June

Economy

The country’s business community believes Pakistan would feel the pressure sooner rather than later due to an almost 13 percent dip in the value of the rupee in the last six months

Headlines

Haveli Bahadur Shah which has commenced its commercial operations and Balloki which is at its last stage of commissioning have fed 695 million units of electricity to the national grid in the time of peak demand in first half of Ramazan

Economy

It is a joint venture between Al-Futtaim Automotive International of Dubai and Renault who in November 2017 signed an exclusive agreement for assembly and distribution of Renault vehicles in Pakistan

Economy

Highest percent of losses were recorded for Peshawar Electric Supply Company (Pesco) at 36.6 percent, 35.7 percent for Sepco and 19.1 percent for Hesco

Economy

Overall domestic debt of the federal government rose to around Rs16.2 trillion, an addition of Rs1.4 trillion or 9.2 percent in first ten months of FY18

Economy

The success of the tax amnesty scheme is contingent on the Supreme Court’s decision and it was expected the hearing of the case would commence in its Lahore registry on Monday