PTC cautions its sales will be impacted, if govt restores two-tier tax system
According to the formal sector, the creation of the third-tier helped to dent illicit cigarette trade from 41.2 percent to 33.3 percent in a span of one year
Dams construction critical to avoid looming water and food crisis
Former Wapda Chairman expressed worries Pakistan may face drought if dams aren't build
Mini-budget to be announced next week, withdraw entitlements available to govt officers
A rise in regulatory and customs duties is amongst the recommendations which will allow 20 percent increase in the revenue collection for the government in its first year of power.
Company fined Rs2 million for smuggling cell phones
ISLAMABAD: The Collector, Customs Intelligence has imposed a penalty of Rs2 million to the foreign cellular phone company in the case smuggling...
Govt may review CPEC, FTAs if needed, says OICCI president
Pakistan currently attracts low FDI, which is less than one percent of its GDP against the norm of three percent in the regional countries
Govt mulls options to construct Diamer Bhasha dam to meet energy needs
Sharing details of a proposed plan regarding the formation of Diamer Bhasha dam Pvt Ltd Co., the sources said that it was proposed to market the shares of this company through Pakistan Stock Exchange (PSE) and approximately 52 percent shares of the company will be owned by the government and owners of remaining 48pc shares will be with the masses
Senate Committee gives FBR a fortnight to report on tax collection decline from tobacco
Present on the occasion, the FBR officials said, decline in tax collection was because of fake and illegal (smuggled and non-custom paid) cigarettes
NEPRA recommends Rs4/unit increase in power tariff
The National Power Regulatory Authority (NEPRA) has suggested an increase of Rs4 per unit in the power tariff in a summary forwarded...
Finance ministry to review social safety nets to fulfill PM’s pledge
Major cut in development budget coincides with financing BISP, youth and skill development
Ghulam Abbas
ISLAMABAD:Â As the government has decided to cut...
Pakistan yet to implement TIR convention signed in 2015
MoC, FBR, Communication still have conflicting rules for simplifying international road transport
ISLAMABAD: In spite of over three years delay, Pakistan has yet...
Govt to slash PSDP by nearly Rs400 billion, abolish 400 unapproved projects
ISLAMABAD: The government is planning to abandon nearly 400 unapproved schemes, and also to slash the ongoing fiscal’s Public Sector Development Program...
Trade deficit declines with rising exports, waning imports
ISLAMABAD: The PTI government’s difficulties on the external front eased a trifle as the current account deficit for the first two months...
Pak-Indonesian bilateral trade to jump to $9bn by 2019: envoy
FAISALABAD: The quantum of bilateral trade between Pakistan and Indonesia is expected to jump to $9 billion by 2019, said the Ambassador of Indonesia,...
Senate panel to take up declining tobacco revenues in meeting today
ISLAMABAD: The Senate Special Committee on the causes of declining tax revenues from the tobacco sector is scheduled to be held today...
Pompeo said U.S. won’t block Pakistan if it seeks IMF bailout – Pakistani minister
Pakistani officials say they are discussing taking drastic measures to avert seeking a bailout from the IMF, which has come to Pakistan’s rescue 14 times since 1980, including most recently in 2013