The increasing collection at the import stage(custom duty) and growing reliance on indirect taxes remained the two distinctive features of the FBR’s revenue performance in the first 10 months of the current fiscal year. It has led to higher prices for the poor people of the economy.
Finance Minister Shaukat Tareen agreed to have separate discussions with relevant members and constituted sub-committees on both issues to discuss them further before reaching a decision.
In 2023, which would be an election year, the capacity charges would reach Rs1,500bn, causing an increase in the electricity rate from Rs11.75 to Rs16.44 per unit. The cost of per unit electricity production is Rs22-23, Fawad Chaudhry said.
Sindh Agriculture Minister Ismail Rahoo on Monday said that Sindh will grow cotton over an area of 600,000 hectares and till now sowing on 50% of the area has been carried out in lower parts of the province
The Ministry of Maritime Affairs is collaborating with the Petroleum Division to facilitate the new LNG terminal developers in streamlining the process and working the bureaucracy to obtain various NOCs and handover of the possession of land for tie-in facilities near Pakistan Steel Mills.
Pakistan’s exports of textile and clothing rebounded in March mainly due to value-added sectors and posted a growth of 30.4 per cent from a year ago, showed data released by the Pakistan Bureau of Statistics (PBS) on Friday.
According to the Policy Think Tank's 12-Month analysis till January 2021, the economy is going in a positive direction on the back of the Large Scale Manufacturing sector and Increased business confidence.
The policy was extended despite concern from the Power Division that this might lead to increase in the loadshedding and power stations tripping during core months ranging from May to September.
Federal Minister for Finance, Revenue, Industries and Production Muhammad Hammad Azhar Friday reiterated the government’s firm commitment to further promoting the construction industry as it had triggered an impressive...