EconomyNepra chastises NTDC for recurring power failures
NTDC was granted permission by Nepra to invest Rs96.63 billion in the last three years to enhance dependability of the transmission network
Jun 9, 2018
Monitoring Report
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Economy
EconomyProperty tax collection plunged 20 percent in July-April FY18
Punjab’s property tax collection fell 31.62 percent, to touch Rs2.66 billion in first ten months of FY18, compared to Rs3.88 billion in the same period of FY17
Jun 9, 2018
EconomyPakistan set to miss export target by big margin
Pakistan exports are projected to touch between $23-24 billion for FY18 compared to the target of $35 billion set by the previous PML-N government
Jun 8, 2018
EconomyCaretaker PM directs petroleum ministry to develop strategy for meeting rising energy demand
As local gas production dwindles, LNG requirement which presently is recorded at 1,000 million metric cubic per day (mmcfd) is forecast to touch 3,600 mmcfd by 2030
Jun 8, 2018
EconomyPakistan, Russia ink MoU to conduct feasibility study for undersea gas pipeline
The FO spokesman said both the countries had finalized several proposals in the energy sector which included laying of the North-South Gas Pipeline, LNG import from Russia, installation of air-mix plant and setting up a 600MW combined cycled power plant
Jun 8, 2018
HeadlinesPrices of petroleum products to remain unchanged
GST on petrol has been decreased to 7 percent from the previous 17 percent. The tax regular has also decreased the GST rate on kerosene from 12 percent to 7 percent
Jun 8, 2018
EconomyInterim government flouting authority calls CWDP meeting on June 12th
The meeting has been called to give go-ahead to new development projects costing billions of rupees and a notification in this regard was issued by the Ministry of Planning, Development and Reform
Jun 8, 2018
EconomyPakistan contemplating to take Etisalat to international court over pending payment
The UAE-based company has withheld $800 million payment on grounds of properties not being transferred in its name and out of 3,300 properties, 33 of them cannot be transferred in the name of PTCL
Jun 8, 2018
EconomyChina’s Jinbei set to enter Pakistan’s burgeoning automobile sector
Jinbei Pakistan will be importing vans and minivans and commence production in next two years
Jun 8, 2018
EconomyFBR seeks clearance of SC regarding tax amnesty scheme
The top brass of the FBR said no move would be initiated regarding the tax amnesty scheme till the Supreme Court (SC) would provide them clear directives on the subject
Jun 7, 2018
EconomyPSEs losses surged to Rs1 trillion by end of 3rd quarter FY18: SBP
Data from the central bank reveals PSEs debt and liabilities rose one percentage in 15 months starting December 2016 till March 2018, when it was 2.5 percent
Jun 7, 2018
EconomyCar makers ask customers to become tax-filers to avoid hiccups in vehicle delivery
And the domestic automobile manufacturers have stuck to their production plans till September 2018 despite worries they could lose 50-60 percent of non-filers as their customers of cars and light commercial vehicles (LCV) from 1st July
Jun 7, 2018