NA passes 170bn mini-budget to to fulfill IMF demands
ISLAMABAD: While approving the finance supplementary bill 2023, the National Assembly has approved the imposition of Rs 75,000 to Rs 250,000 Federal...
Next CCoE likely to approve oil refining policy 2023
ISLAMABAD: The upcoming Cabinet Committee on Energy (CCoE) meeting is likely to approve the Pakistan Oil Refining Policy 2023 as Prime Minister...
Large steel producers demand opening of LCsÂ
ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has sounded an alarm, urging the State Bank of Pakistan (SBP) to take...
Beverages industry to bear a 10% FED
ISLAMABAD: The mini-budget passed on Monday, February 20, 2023, imposes a 10% Federal Excise Duty (FED) on fruit beverages, despite the industry’s...
Thar coal: Energy Security?Â
ISLAMABAD: On February 17, 2023, the 330 Megawatt lignite-fired power plant operated by Hub Power Company Limited (HUBCO) began commercial operations. The...
Govt, US delegation discuss imposition of 10% FED on beverage industry
ISLAMABAD: A US Embassy delegation led by Commercial Counselor Aaron Fishman and representatives of the multinational beverage companies visited the Federal Board...
With $7.5m in fresh funds, how is AdalFi enabling commercial banks to lend to their customers?Â
LAHORE: In 1996, Salman Akhtar and Kewan Khawaja, both MIT graduates, established Techlogix, a software company that powers the systems of most...
Report sent to Cabinet as probe into country-wide breakdown completed
ISLAMABAD: An inquiry report into the country-wide power breakdown on January 23 has been prepared and has recommended a departmental inquiry before...
Pakistan’s total debt liabilities surge to Rs63.868trÂ
ISLAMABAD: The country’s total debt and liabilities have been recorded at Rs. 63.868 trillion as per the State Bank’s data at the...
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...