FBR for AEO programme to boost trade
In order to remove the hurdles in cross-border trade, Federal Board of Revenue (FBR) has decided to make rules regarding the Authorised Economic Operator (AEO) programme.
Pakistan’s trade deficit touches record high of $34b in July-May FY18
The total increase in imports during July-May FY18 was around 14 percent compared to corresponding last FY17
Oil industry gets its wish, petrol & diesel profit margins jacked up
The Federal Board of Revenue’s (FBR) inability to formulate a mechanism for general sales tax (GST) collection under a deregulated system, allowed the oil industry to get these margins revised in line with an old Consumer Price Index (CPI) based formula
Property 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
Pakistan, 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
Prices 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
Pakistan 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
Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...
Another bailout package with IMF on the cards
ISLAMABAD: Although the government of Pakistan Muslim League Nawaz (PML-N) avoided another loan from the International Monetary fund (IMF) by the end of...
Japan’s Sojitz Corp to invest $136.9 million for assembling Hyundai vehicles in Pakistan
Sales will be carried out through distributor-owned dealers and franchise dealers, with the goal of reaching 6% market share by 2024, read a stock market notification
Car 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
KASB Bank shareholders seek Rs14b compensation
Negative valuation AF Ferguson dubbed as mala fide
Pakistan LNG imports climb 30 percent YoY in May 2018
-Also, Pakistan’s LNG imports soared by nearly 80 percent on a year-on-year basis (YoY) in April 2018, the second-highest amount ever recorded for a single month
-Balloki power plant passed its combined-cycle run on Monday
Promising eBanking growth witnessed due to rise in economic activity
LAHORE: Although it is riddled with debt and inflation, Pakistan's economy is growing in terms of financial and economic activity. Rapid advances...
Ogra launches new tariff regime for SSGC, SNGPL
The new revised tariffs regime would see the fixed rate used to determine the rate of return on assets and profitability be changed with a weighted average cost of capital (WACC)