ECC likely to approve Rs2 per unit hike in electricity prices Â
'Govt taking the decision only to appease IMF and to finance the circular debt'
ISLAMABAD: The federal government’s Economic Coordination Committee (ECC) meeting, scheduled...
IMF urges Pakistan to expand tax net
ISLAMABAD: The Pakistan government has been urged by the International Monetary Fund (IMF) to formulate a stringent taxation strategy in order to...
After gas tariff, price of LPG increases by Rs5
ISLAMABAD:Â The price of liquefied petroleum gas (LPG) has been increased by Rs5 following the 40 per cent hike in the gas tariff.
According...
Pakistan reaches out to Saudis for bailout
ISLAMABAD:Â After a formal request, Pakistan is likely to get $2 billion worth petroleum products from Saudi Arabia on deferred payments for two...
IRSA projects 38pc water shortage in coming Rabi season
ISLAMABAD: Food security crisis owing to water shortage in the upcoming Rabi sowing season is expected, as the Indus River System Authority’s (IRSA)...
Pakistan cuts Chinese ‘Silk Road’ rail project by $2bn
The ML-1 is the spine of the country’s dilapidated rail network, as well as the biggest source of revenue
Is the policy to keep petrol prices unchanged sustainable?
The govt responded to this conundrum by correspondingly decreasing the applicable sales tax rates on high-speed diesel from the current 22 percent to 17.5 percent for high-speed diesel (HSD), for petrol from 9.5 percent to 4.5 percent and kerosene oil from 6 percent to 1.5 percent
Flying on one engine, global growth exposed to turbulence
The world’s biggest economy is under scrutiny, however, as its current upturn is running on borrowed time due to the fiscal stimulus of debt-financed
RBI pumps in liquidity to ease cash crunch; bond markets rally
The government will effectively cut its market borrowing by 700 billion rupees due to higher-than-expected earnings of 750 billion rupees through its small savings scheme
Asia factory activity sputters as trade woes hit export orders
Manufacturing activity weakened in Vietnam and Indonesia last month, while Taiwan’s factories grew at the slowest pace in more than two years on sluggish export orders, according to business surveys released on Monday
Pakistan, IMF set to hold third round of talks today
The IMF team is visiting to review the macroeconomic situation of Pakistan and is led by its Washington-based Mission Chief, Harald Finger which constitutes of officials from the funds’ Lending Policy Division
ECC instructs to make USC operational again to stabilize food commodity prices
Currently, USC’s monthly sales stand around Rs1 billion and sitting on an inventory worth Rs4.5 billion
FBR again misses the mark, collects Rs36 billion in taxes during 1st quarter
In the first quarter of FY19, the tax regulators’ provisional net revenue collection was recorded at Rs836 billion compared to Rs766 billion collected in the same period of FY18, according to an official handout published by FBR on Sunday
Saudi delegation reaches Islamabad, may sign four MoUs
Riyadh is exploring the possibility of setting up an oil refinery at Gwadar and investing in LNG-based power projects in Punjab and a copper and gold project in Balochistan’s Reko Diq
Power division discourages LNG usage to facilitate ‘oil mafia’
Excessive use of furnace oil for electricity generation may cost Rs24bn to national exchequer in four months
ISLAMABAD:Â The use of furnace oil has...