Govt likely to allow petrol stations to set their own prices
As consumers across the country face difficulties due to petrol shortage, the government is currently contemplating completely deregulating pricing and marketing of...
Sindh textile millers demand up to 40pc reduction in gas tariff
KARACHI: All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Chairman Zahid Mazhar has demanded the government to reduce the tariff of indigenous gas...
HBL and Pakistan Post join hands to further financial inclusionÂ
ISLAMABAD: HBL and the Pakistan Post Office Department (PPOD) have entered into a 20-year strategic alliance with an investment portfolio of Rs118...
Investments decline while savings increase amid high inflation
ISLAMABAD: The country’s investment-to-GDP ratio has declined during the last three years from 17.3 percent in 2017-18 to 15.4 percent in 2019-20...
Manufacturing, services report negative growth while agriculture thrives
ISLAMABAD: Due to the adverse impact of the Covid-19 pandemic, manufacturing and service sector have reported a negative growth of -5.6 percent...
Govt considering fixed Rs20 per litre GST on petroleum products
As oil prices decline in the international market, the government in a bid to protect its revenues is considering setting the General...
ECC ignored advice of Petroleum Division on preempting supply shortage of petroleum products
The Economic Coordination Committee (ECC) of the Senate is to blame for the current shortage of petroleum products as it rejected a...
Committee for negotiations with IPPs notified
ISLAMABAD: The Ministry of Energy has notified the constitution of a five-member sub-committee to negotiate with Independent Power Producers (IPPs), asking it...
Dairy industry seeks withdrawal of sales tax in upcoming budget
LAHORE: The country's dairy industry has stated that the withdrawal of zero-rating sales tax regime on dairy products through the Finance Act...
Little work on FCTC implementation in Pakistan
NHS official says slow progress on 'Framework Convention on Tobacco Control' gives chance to multinationals as well as FBR to make exorbitant profits
Power Division set to clear circular debt through Rs200bn Sukuk
Govt formulates plan to make payments to 79 IPPs and GENCOs
Cement sales plunge 37.6pc in May
ISLAMABAD: The impact of construction package announced by the government is yet to be seen, as domestic cement uptake declined by a...
Dairy industry’s woes multiply as Covid-19 disrupts supply chain
LAHORE: Already dealing with many deep-seated issues such as financial insecurity, untrained manpower, unregulated market, fragile production base, seasonality of milk production...
Pakistan urged to enforce strict taxation for tobacco control
LAHORE: As the world is commemorating 'No Tobacco Week', anti-tobacco campaigners in Pakistan have urged the government to formulate effective measures like...
12,464MW electricity to be added to national grid through IPPs’ projects
ISLAMABAD: As many as 12,464 megawatts of electricity would be added to the national grid through 25 projects of Independent Power Producers...