Rs170b finance supplementary bill approved
ISLAMABAD: The Senate Standing Committee on Finance and Revenue has approved the Finance (Supplementary) Bill 2023, worth Rs170 billion, with a simple...
NEPRA notifies Rs2.32/unit cut in power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Thursday approved a cut in the power price by Rs 2.32 per unit...
Cigarette prices to go up by over 250%
ISLAMABAD: The tobacco sector has been at the hit list for the government’s increasingly higher revenue collection needs, by paying higher taxes....
Stuck between a rock and a hard place; govt to impose Rs170b additional taxes
ISLAMABAD: After a deadlock in negotiations for over 5 months and a week worth of negotiations, the Federal government has surrendered before...
Emirates and Turkish Airways ditch local travel agents in a bid to circumvent govt’s restrictions on remitting their earnings
LAHORE: International airlines have resorted to pricing out local travel agents in a bid to encourage purchases through credit cards, and international...
Fitch downgrades Pakistan’s issuer default rating to CCC-
ISLAMABAD: The international ratings agency, Fitch has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC-', from 'CCC+'.
An Issuer Default Rating...
Alvi advises Dar to take parliament into confidence on issuance of tax ordinance
ISLAMABAD: President Dr Arif Alvi on Tuesday advised Finance Minister Ishaq Dar to take the parliament into confidence and call immediate session...
Virgin Atlantic decides to end operations in Pakistan. But why?Â
LAHORE: Less than two years after launching operations in Pakistan, British airline Virgin Atlantic has decided to call it quits. According to...
Remittances fall lower than during peak COVID
ISLAMABAD: According to the latest data by the State Bank of Pakistan, workers’ remittance for the month of January has dropped by...
FTO accuses Millat of fraud during tax period 2017 to 2022
ISLAMABAD: The Federal Tax Ombudsman (FTO), per their latest ruling in their investigation against Millat Tractors, has directed the Federal Board of...
Import restrictions create shortage of steel bars
ISLAMABAD: Following the restriction on imports for non-availability dollars, the country has now started facing a severe shortage of steel rebars as...
OMAP announces helpline for smooth supply of POL products
LAHORE: The Oil Marketing Association of Pakistan (OMAP) has announced plans to establish a helpline for the smooth supply of petroleum products...
Pakistan to get only nonstop flight route to African continent
LAHORE: Ethiopian Airlines’ decision to initiate flights between Karachi and Addis Ababa on March 26 is set to be historic. Ethiopia’s flag...
K-Electric files generation tariff petition for its power plants
K-Electric (KE) has filed a tariff petition for its power generation plants with the National Electric Power Regulatory Authority (NEPRA) from July...
GPCCI asks Governor SBP for help against propaganda about access to letters of credit
LAHORE: The German Pakistan Chamber of Commerce and Industry (GPCCI) has penned a letter to Jameel Ahmad, Governor State Bank of Pakistan,...