Mini-budget to have negative revenue impact of Rs6.8 billion during remainder of FY18-19
Despite the major shortfall of Rs 158 billion during the past six months, the FBR has kept the tax collection target unchanged at Rs 4,386 billion for this financial year ending June 2019
Govt foregoes 50% of GIDC or Rs200 billion to fertilizer, CNG and textile sector
Due to the 50% waiver provided by the government, the fertilizer and CNG sector is required to pay Rs80 billion each
Danish entities to bid for renewable energy projects in Pakistan
The Danish Ambassador expressed his satisfaction over the government plans and said that Danish Investors were closely and keenly following the growing power sector of Pakistan
‘Under siege’, oil industry mulls raising returns and PR game
The conclusion of the discussions was worrying for those present - pressure is rising and the industry is losing a battle not to be seen as one of the world’s biggest evils
NEPRA approves 57 paisa per unit hike in power tariff
‘Electricity price has increased because power plants were not supplied LNG from 6th to 30th Dec 2018’
ISLAMABAD:Â The National Electric Power Regulatory...
Oil prices fall as economic growth worries spread
International Brent crude oil futures were at $62.26 per barrel at 0410 GMT, down 48 cents, or 0.8 percent, from their previous close
PM expected to request Qatar for supplying LNG on deferred payment
The PM is likely to request a concessional loan similar to the one provided by the United Arab Emirates and Saudi Arabia to bolster the country’s dwindling foreign exchange reserves
IUCN, EU to invest €14m in Balochistan for water conservation
ISLAMABAD: The International Union for Conservation of Nature (IUCN) and European Union would invest €14 million euros in Balochistan for water conservation.
European...
Govt to install 100,000 digital metres next month
Minister directs distribution companies to prepare and implement a three-month plan for feeder-wise anti-theft operationÂ
Federal Power Division Minister Omar Ayub Khan...
Iran says Japan has started process of importing Iranian oil
Iranian oil accounted for 5.3 percent of Japan’s total crude imports in 2018
Oil firms as China’s slowdown not as steep as some expected
International Brent crude oil futures were at $62.83 per barrel at 0259, up 13 cents, or 0.2 percent, from their last close
PSO faces severe financial crunch, as Rs200 billion bond issuance delayed
State-owned Pakistan International Airlines (PIA) owes Rs48 billion to PSO and the federal government on account of price differential claims and exchange rate loss
‘Expert’ group expected to lead state-owned PSM’s revival
ISLAMABAD: Although Pakistan Steel Mills' (PSM) Board has yet to give the approval for the formation of an expert group of private...
World Bank terms progress on Dasu Dam project slower than anticipated
According to WB, land acquisition has only reached 742 acres, out of 1,987 acres needed for the construction areas and is slated to be finished by June 2022
Ikram Sehgal appointed as K-Electric chairman
He is also a regular columnist in the print media since 1987 and also a member of international organizations like the prestigious World Economic Forum (WEF), International Organization for Migration (IOM)